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 attempt to develop an upward movement was stopped by the resistance level at $63,800, bitcoin went to the correction to the accumulation block in the area of $62,600, from where the asset began to decline to the support level - $61,852. The price closed below the exponential moving average of 50 EMA 2H, which made it likely that the correction would continue. On the positive side for the bulls, there is a decrease in trading volumes with a decrease in the value of bitcoin, and a change in the local downtrend is possible in the near future. After an impulse to the lower border of the trading channel indicated on the chart, in the area of $61,400, the instrument bounced to the proto-trading level at $61,800. Bitcoin is likely to consolidate above this level, followed by an upward movement to the area of $62,600.
ETH. The instrument set a new price high of $2,548. 29 on the Binance exchange. Over the past day, the ether showed an increase in the pair to BTC by 1.4%. The asset is trading above the support level - $2400, the nearest resistance is around $2500.
On April 15, the Berlin hard fork took place on the Ethereum network, which changed the algorithm for calculating the cost of gas and added new types of transactions to the blockchain. The update was activated on block #12 244 000. Berlin became the eleventh hard fork in the Ethereum network. According to the Ethernodes browser, 79% of the blockchain nodes are currently compatible with the update. The update includes four proposals for improving the Ethereum network (EIP), which were put forward by users and integrated into the blockchain code by the main developers. These include EIP-2565, which algorithmically reduces some gas costs, and EIP-2718, which allows users to combine transactions. The final version of Berlin did not include EIP-1559, which implies burning part of the transaction fees. However, the activation of this offer is planned in the hard fork London, which is due to take place in July. Against the background of the activation of updates,ETH at the moment showed an increase of 5.5% (against the dollar).
Berlin has brought the ecosystem one step closer to the transition to version 2.0. It is expected that the Ethereum 2.0 update, which uses the Proof-of-Stake (PoS) consensus algorithm, will solve the problem of commissions by sharding transactions, which will increase the network bandwidth. At the end of March, Sigma Prime, the developer of the Ethereum Lighthouse client, already conducted the first "merge transaction" between Ethereum 1.0 and Ethereum 2.0. The work carried out by developers in this direction is designed to increase the convenience of using a decentralized network while maintaining all the advantages that the distributed registry technology provides, which will attract more users to the ecosystem.
The news about the BSCStation IDO on the Bounce Finance (BOT) platform caused the BOT to grow by 105% (against the dollar).
The listing of MixMarvel (MIX) on the MXC exchange led to a 30% increase in the price of MIX (against the dollar)
US stocks were higher after the close on Thursday, as gains in the technology, healthcare and raw materials sectors led shares higher. At the close on the New York Stock Exchange, the Dow Jones rose by 0.90%, reaching a historic high, the S&P 500 index rose by 1.11%, the NASDAQ Composite index rose by 1.31%.
The total capitalization of the cryptocurrency market in recent hours decreased by 1.2%, the dominance of bitcoin continues to fall, the decline was 0.8%. While this trend continues, attention should be focused on trading altcoins.