Bitcoin
Bitcoin$34 097.00

4.34%

Ethereum
Ethereum$2 169.17

5.41%

Tether
Tether$1.00

-0.01%

Binance Coin
Binance Coin$299.50

3.10%

Cardano
Cardano$1.23

4.65%

XRP
XRP$0.607317

2.38%

User interest in Bitcoin increased


#Bitcoin

Last week, Bitcoin updated the highs of the beginning of the month above $ 5,300. At the end of the week, the first cryptocurrency decreased by 1%, but continues to be held above the round mark of $ 5000. At the beginning of the new trading week, the main cryptocurrency assets declined slightly. The price of bitcoin fell to around 5060 dollars. Strong overbought and lower volumes prevented Bitcoin from reaching the next psychological mark of $ 6000. Ethereum declined to support $ 160, and XRP reached a level of 0.3200.

The main cryptocurrencies on Tuesday went down after the Binance digital exchange announced that it would stop trading Bitcoin SV. Against the background of this news, the Bitcoin rate, according to Libertex, dropped by 11.00 per day by 1.28% - to $ 5071, with a capitalization of $ 90.1 billion. Ethereum by this time fell by 1.93% - to 162.7 dollars with a capitalization of 17.3 billion dollars. XRP lost 1.54% during the day and dropped to $ 0.319, its capitalization was $ 13.5 billion.

According to Google Trends, user interest in Bitcoin increased after a recent price rally. The number of relevant search queries with the word Bitcoin almost tripled on April 3, when the rate of the main cryptocurrency reached the level of $ 5300. According to Google Trends, the number of requests also usually decreases when prices for cryptocurrencies fall sharply. Now the first cryptocurrency is necessary to keep above $ 4912. Otherwise, the BTC may roll back to $ 4,625, through which the 200-day moving average currently passes. Bullish sentiment will intensify if the price overcomes the $ 5347 mark, corresponding to the maximum weekly doji candlestick, indicating uncertainty.

At the same time, some positive for Ethereum and XRP was the message that the Japanese marketplace Coincheck added support for these tokens to the recently launched over-the-counter platform. Litecoin weakened a day by 2.48% to 78.7 dollars, its capitalization reached 4.9 billion dollars.

LedgerX is planning to become the first American platform offering Bitcoin futures contracts with subsequent delivery. Unlike conventional settlement futures offered by CME Group, customers will receive the underlying Bitcoin contract, not its dollar equivalent. In addition, LedgerX plans to offer customers options and futures for Bitcoin on the new platform as a storage and trading service provider and use the existing institutional liquidity pool. The company filed an application with the Commodity Futures Licensing Commission as early as November 2018. At the moment, the company has two licenses that allow you to provide customers with cryptocurrency derivatives.

The total capitalization of the crypto market was $ 172.9 billion. Also good news for digital assets could be the message that the operator of cryptocurrency derivatives LedgerX plans to start offering futures contracts for bitcoin on terms of real calculations in the blockchain.

According to financial experts, in spite of some positive news, cryptographers will continue to decline in the near future. In our forecast for Tuesday, we expect a further decline in the rate of Bitcoin to the levels of 5030, 5000 and 4950 dollars, Ethereum - to marks 157, 155 and 152 dollars, and the fall of XRP to the levels of 0.3180, 0.3150 and 0.3120 dollars.

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