Have a nice and productive day for everyone, and for some of them, more recently, fruitful work on the "farm"! As always, I offer you a daily review of the market news:
BTC. The asset managed to gain a foothold above the proto-trading level at $33,500, on the two-hour timeframe there was a bullish intersection of the faster exponential moving average 21 EMA 2 H from the bottom up, the slower 50 EMA 2 H, which was the first signal of the upcoming growth momentum. The upward movement was accompanied by an increase in trading activity, but the buying pressure was not enough to break through the resistance level around $34,500. Bitcoin has rolled back from the upper limit of the trading channel indicated on the chart to the diagonal support line, over which it is currently consolidating. There are two possible scenarios for the further development of the situation, the first is a breakdown of the upper border of the trading channel with the consolidation of bitcoin over $34,500 and a decline in the asset in case of an unsuccessful assault to the middle of the ascending channel.
ETH. Despite the breakdown of the resistance level of $2150 by the asset, it has not yet been possible to gain a foothold over it, the nearest support level is around $2000.
According to Block Research, the volume of venture investments in crypto and blockchain companies increased sharply in the second quarter of 2021, an increase of about 90% is noted. In the first quarter, financing in the amount of $3,271 billion was sent to the industry, in the second, private financing reached $6,201 billion, this figure was obtained without taking into account the Block infusion.transfer of $9.7 billion of capital to the Bullish cryptocurrency exchange.
In the second quarter, about 497 venture deals were concluded, most of which relate to investment at an early stage or the stage of" seed financing " - 171 and 202, respectively. Judging by the significant jump in funding, large investors see significant potential in the industry. The greatest venture interest was aroused by companies providing crypto-financial services and companies focused on creating infrastructure.
Woori Financial Group, one of the largest banking companies in South Korea, is entering the digital asset storage services market after KB Financial Group and Shinhan Financial Group. The bank is creating a joint depository venture with Coinplug, one of the first cryptocurrency exchanges in South Korea and a provider of blockchain-based financial services.
The demand for the service of secure storage of digital assets has been growing recently, the number of Korean firms acquiring cryptocurrencies for business diversification or investment purposes has increased significantly. At the same time, the Korean authorities do not allow local organizations to use the services provided by crypto exchanges - companies and organizations must store their digital assets on their own storage devices, such as a USB drive, which means a high risk of theft or loss. The current legislation also prohibits banks from directly entering the market for providing digital asset storage services, which is why Korean banks use the creation of joint ventures or equity investments to indirectly provide depository services.
Altos: The launch of liquidity pools by the Moonlena project (MOLA) on the Radium platform, together with the news about the upcoming listing on the Bitrue exchange, caused MOLA to grow by 78% (against the dollar).
On the eve of the planned halving of the FUSION project (FSN), the cost of FSN increased by 18% (against the dollar).
The announcement of the upcoming big news Gift (GTA) led to a rise in the price of GTA by 15% (against the dollar).
The total capitalization of the cryptocurrency market increased by 2.3% over the past day, the dominance of bitcoin has practically not changed. It is likely that the local market recovery will continue with the BTC fixing above the price level - $34,500.
