Cryptocurrency market review for April 18 (BTC, ETH, Hyperion, DigiByte, ABBC)

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Cryptocurrency market review for April 18

Market Watch, April 18th

Today, Bitcoin again overcame the psychologically important mark of $ 7,000, having managed to reverse the downtrend. However, the daily chart shows that the market is still maintaining a neutral trend, and for the final transition of the initiative to the bulls of the first cryptocurrency, it is necessary to gain a foothold above the 10-day high in the region of $ 7400. Technical indicators indicate the desire of the bulls to take control of the situation – RSI (Relative Strength Index) is above 50 and is directed upwards, MACD (moving average convergence / divergence) is gaining momentum in the bullish zone.

If buyers remain active, the first serious resistance level will be the zone of $ 7240 and then $ 7400, $ 7500, $ 7676 and $ 8000. In the case of a downward movement, Bitcoin is waiting for support levels of $ 6800, $ 6600, $ 6500 and $ 6319.

Altcoins from the top 100 by capitalization are traded in the green zone. The best dynamics are demonstrated by Hyperion (+ 16.67%) and DigiByte (+ 15.71%). The first is growing amid the announcement of a successful audit of network security systems. The leaders of the fall are ABBC Coin (-1.30%) and Holo (-1.05%).

The cryptocurrency market capitalization rose to $ 203 billion, the level of bitcoin dominance is at around 64.0%.

  • Bitcoin — $7104.51 (+1.46%)
  • Ethereum — $170.58 (+0.71%)
  • XRP — $0.189033 (+0.04%)
  • Tether — $1.00 (+0.26%)
  • Bitcoin Cash — $234.32 (+2.15%)
  • Bitcoin SV — $195.29 (+1.87%)
  • Litecoin — $42.35 (-0.07%)
  • Binance Coin — $15.77 (+2.10%)
  • EOS — $2.63 (-0.31%)
  • Tezos — $2.13 (+6.52%)

? KuCoin cryptocurrency exchange in partnership with the DigitalBits protocol will open an over-the-counter trading platform called Enterprise Currency Desk (ECD). The development will be useful to companies that are interested in making money in the field of blockchain and DeFi.

?After the March decline, the capitalization of the DeFi-finance sector increased again. At the moment, it is more than $ 1.12 billion, according to the portal DeFiMarketCap. Top 25 coins are currently showing growth.

? The Wyoming State Insurance Code has been amended to allow state insurance companies to invest in a number of digital assets, including Bitcoin. Also included in this list are virtual currencies and digital securities.

? Philippines-registered TBCoin cryptocurrency project was found fraudulent. The organizers of the scheme promised to “eradicate poverty” around the world and presented TBCoin as a revolution for the global financial system. They developed the so-called “concept of abundance”, according to which the price of a coin grows in proportion to the number of investors.

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