▫️#BTC. The instrument's compression between the two moving averages, the simple 20 MA 1 H and the exponential 55 EMA 1 H ended with bitcoin's upward momentum, which was reinforced by the appearance of trading volumes, the buyer showed up earlier than expected. The price movement made a number of attempts to break the lower boundary of the ascending channel, all of them ended in failure, the asset rolled back to the lower line of the "Bollinger Band" indicator. By the moment of writing the review bitcoin is consolidating under the level of trading at the level of $45 900, the price has closed under 20 MA 1 H, we can see the decrease of buying pressure, which in its turn suggests that the asset may rollback to the trend line at $44 900, here also lays the dynamic support level - 55 EMA 1 H. In case bitcoin will fix at the resistance level at $45 900, the instrument will consolidate above the mentioned zone with the further attack on the not passed lower border of the trading channel.
▫️#ETH. The asset increased its value in pair to #BTC by 1.85% over the last 24 hours. Ether is trading above the support level of $3050, the nearest resistance is at $3175.
▫️The Goldman Sachs and Coinbase-backed digital payments company Circle has officially announced plans to become a fully-reserve national digital currency bank in the US (1). To ensure maximum solvency, a commercial bank must hold all funds raised for deposits in the form of reserves. If approved, Circle CryptoBank would function like a classic commercial bank, reporting to regulators: the Federal Reserve, the U.S. Treasury, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).
Currently, the capitalization of USD Coin (#USDC), the stabelcoin issued by Circle, is $27.7 billion; the company plans to increase this figure significantly. It's worth noting that it can take anywhere from 18 months to two years to obtain banking licenses in the United States, so it's unlikely that we'll see a full-fledged Circle bank until at least late 2022 or early 2023. I believe the #USDC issuer is creating a new vector for the development of digital payments companies - moving into a credit and financial institution with rights and capabilities beyond traditional banking.
▫️Alts: The listing of the TribeOne project (#HAKA) on the KuCoin exchange led to a 75% (to the dollar) appreciation of #HAKA.
Ahead of the announced launch of the EpiK Protocol (#EPK) core network, #EPIK is up 50% (to the dollar).
SOTA Finance's (#SOTA) strategic partnership with Polygon (#MATIC) caused #SOTA to rise 20% (to the dollar).
▫️American stock indexes opened Monday's trading lower, retreating from the record levels they reached late last week. Falling oil and other commodity prices indicate investors are worried about the pace of economic recovery. As a result, the U.S. stock market ended Monday's trading mixed, as consumer staples, health care and financial sectors strengthened and oil & gas, commodities and consumer services sectors saw negative dynamics. At the close of trading on the New York Stock Exchange, the Dow Jones was down 0.3 percent, the S&P 500 was down 0.09 percent and the NASDAQ Composite was up 0.16 percent.
▫️The total value of digital assets increased by 4.2% over the past 24 hours, the dominance of the major cryptocurrency decreased by 0.5% to 47.07%. Decrease of this value under 47%, will lead to further decrease of #BTC dominance and allow altcoins to prove themselves.
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