Неделя 15 - Обзор фундаментальных показателей и рынков

15-я неделя

Welcome to our weekly brief. Here you will find what is going on on the markets and what are expected events in week 15. It should help you with jumping back on track. 

Fundamentals and expected events: week 15

Криптовые рынки: Bitcoin’s fight for the psychologic price level of USD 60,000 continues as the asset is above this level again now. However, BTC dominance still suffers, and some altcoins have made significant gains. After reaching a two-year low a few days ago, the metric comparing BTC’s market capitalization with all other crypto assets fell even more, to about 54%.

Stock and commodity markets: Stock and commodity markets grew slightly last week. The shares of the largest technology companies, the so-called FAANG (Facebook, Apple, Amazon, Netflix and Google), gained the most. Of the commodities, only coal and oil are growing after last week’s weakening, while gold is weakening for the time being.

Key events: In the US, the Fed is not going to stop printing money, according to Powell, despite fears of rising inflation. Meanwhile in Europe, there is a split over opinions on the proposed European rescue fund, and the euro is falling. The approval of the fund will depend mainly on German judges, who claim that the fund is against the German constitution. ECB Representative Isabel Schnabel has already warned that if the fund was not approved, it would be an economic disaster. Important macro data from the USA and other countries are expected as well as the first economic results of large companies for Q1. Furthermore, Fed and the ECB comments on interest rates and the European Rescue Fund will take place.

Cryptomarkets and marketcap: week 15

The global crypto market cap is $2.07T. The total crypto market cap added $168 billion to its value for the last seven-days and now stands at $2,106 billion. The top 10 coins were mostly in green for the same time period with Polkadot (DOT) being the only exception with its 7.1 percent of price decrease. Bitcoin (BTC) is currently trading at $60,739, ether (ETH) is at $2,177.

Bitcoin’s dominance is declining over the last few weeks, now at 54,2% it lost 6% already from the levels of previous month, however still far from its all time lows at around 32% in June 2017.

Страх и жадность index is at 74 points now, meaning greed, and it has been in the green numbers meaning greed for the whole previous month.

БТД/США

The most actual price for one Bitcoin [BTC] is $60 081.89. Bitcoin is listed on 82 exchanges with a sum of 400 active markets. The 24h volume of [BTC] is $49 588 737 014, while the Bitcoin market cap is $1 122 374 075 936 which ranks it as #1 of all cryptocurrencies.

Bitcoin failed to break it’s all-time high last week and after multiple rejections near the $60,000 area, was pushed back down below the weekly resistance zone. The trading day was quite volatile and we saw the biggest cryptocurrency once again touching the shortest EMA on our chart at $56,800 before forming a solid green candle to $59,140 in the evening.

Графический интерфейс пользователя
Source: Tradingview.com

LTC/USD

The most actual price for one Litecoin [LTC] is $247.43. Litecoin is listed on 142 exchanges with a sum of 399 active markets. The 24h volume of [LTC] is $5 760 388 534, while the Litecoin market cap is $16 681 268 199 which ranks it as #8 of all cryptocurrencies.

On the hourly chart, LTC formed a rising wedge pattern (white) and dipped from $228 to $217 before resuming its move upwards. The $220 area of demand lived up to its name, and the $230 and $244 levels have been flipped to support. LTC was trading at $256 at the time of writing. The $270 and $287 are levels of overhead resistance.

Графический интерфейс пользователя, график, гистограмма
Source: Tradingview.com

DOGE/USD
The most actual price for one Dogecoin [DOGE] is $0.070538. Dogecoin is listed on 100 exchanges with a sum of 394 active markets. The 24h volume of [DOGE] is $1 819 507 368, while the Dogecoin market cap is $9 110 331 627, which ranks it as #14 of all cryptocurrencies.

Dogecoin flipped the $0.062 level from resistance to support a few days ago and has seen strong buying volume since. The RSI reached into overbought territory and pulled back to 66 as DOGE also saw a pullback from $0.075 to test the $0.0716 retracement level.

Диаграмма, гистограмма
Source: Tradingview.com

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