Week 09 – Overview of fundamentals and markets

state, week 09, problems

Welcome to our weekly brief. Here you will find what is going on on the markets and what are expected events in week 09. It should help you with jumping back on track. 

Fundamentals and expected events: week 09

Криптовалюты: The cryptocurrency market has approached the $ 1.5 trillion mark again, as BTC has jumped above $ 49,000 and other cryptocurrencies are also rising. After a bloody weekend and a drop to $ 43,000, BTC rebounded, adding about $ 6,000 to its value. However, last week was so far one of the worst for Bitcoin this year, as the world’s largest cryptocurrency lost 25% of the price in a week, the worst performance since the market collapse in March 2020.

Фондовые и товарные рынки: Czech shares weakened, as did the CZK, due to the still not good pandemic situation and the beginning lockdown. European stock indices, on the other hand, are strengthening, optimism about continued vaccination is growing. Gold is still weakening.

Важные события: Today, there was a speech by the President of the ECB, Christina Lagarde, followed by a meeting of OPEC countries to address rising oil prices due to the US energy crisis, and at the end of the week there will be a speech of the head of the US Fed, Jerome Powell. Mentions are beginning to appear about the so-called fedcoin, so far only hypothetic Fed’s digital currency.

Cryptomarkets and marketcap: week 09

The global crypto market cap is $ 1.48T, a 8.92% increase over the last day.

The total crypto market volume over the last 24 hours is $ 131.77B, which makes a 2.27% increase. The total volume in DeFi is currently $ 12.21B, 9.26% of the total crypto market 24-hour volume.

Bitcoin’s price is currently $ 48,275.64.

Bitcoin’s dominance is currently 60.88%, a decrease of 0.50% over the day.

Market sentiment is at 38 points, meaning fear and a sharp drop from last weeks 94 points.

The month of March begins with a change of pace and the prices of cryptocurrencies are once again on the rise. Statistically, March is the hardest month of the entire year. In 2019 and 2020, the month of March was characterized by strong declines.

БТД/США

The most actual price for one Bitcoin [BTC] is $48 474.07. Bitcoin is listed on 89 exchanges with a sum of 400 active markets. The 24h volume of [BTC] is $53 887 836 655, while the Bitcoin market cap is $903 648 525 262 which ranks it as #1 of all cryptocurrencies. (coinpaprika.com)

Bitcoin is back to test the $48,000 highs it abandoned last Saturday. The move is situated within a bearish channel that has been present for about 10 days. The first bullish signal would only come with a return above $51,000. A hold of $44,000 is necessary for a successful continuation of the week.

Диаграмма

ETH/USD

Ethereum [ETH] is a cryptocurrency with its own blockchain. The most actual price for one Ethereum [ETH] is $1 551.28. Ethereum is listed on 100 exchanges with a sum of 400 active markets. The 24h volume of [ETH] is $26 961 757 335, while the Ethereum market cap is $178 199 122 877 which ranks it as #2 of all cryptocurrencies. (coinpaprika.com)

A similar movement for Ethereum that in the last few hours has regained the $1,500 level, a level abandoned last Friday. The bullish movement that began in recent hours remains within a technical rebound. A return to above 1,650 dollars is necessary for a structural rise. The lack of confirmation confines the short-term structure to a bearish trend.

Диаграмма

ЛИНК/СУР

The most actual price for one Chainlink [LINK] is $27.04. Chainlink is listed on 81 exchanges with a sum of 209 active markets. The 24h volume of [LINK] is $1 414 988 231, while the Chainlink market cap is $10 276 163 362 which ranks it as #9 of all cryptocurrencies. (coinpaprika.com)

Диаграмма

Chainlink is currently trailing at the level of $26.64 with an intraday gain of 7.96%. LINK has given  whooping returns of 1945% from the start of 2020. Chainlink major resistance is placed near the supply zone of $31.67.The support for the coin is placed at the value of $20. LINK coin is trading above 50 and 100 Moving average. The 50-MA (blue line) is at the value of $25.3, making it temporary support.

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