Bitcoin (BTC) Update
The rally stalled yesterday while BTC has increased since 25 March. BTC created a Doji candlestick — a sign of indecision, after it reached a high of $59.800 on March 31. When an upward trend occurs, this can be seen as a sign of weakness.
In a resistance zone around $60,000, the candlestick was built. This same site had already been created at the start of March by three upper wicks.
In the last 24 hours the crypto top-10 by market cap remained fairly the same. Filecoin (FIL) nevertheless exploded in value, sending it to spot number 10. This led THETA to revert to twelfth position.
Filecoin was last day’s largest mover. The FIL trading rate at $213 currently rises by over 37 per cent. In the last week alone, it is 137% bigger.
The largest Daily Loser for the Top 100 is Kasuma (KSM). Today the trade is down to 471 dollars by more than 13%. It seems to be only a slight correction at the moment. Since the start of 2021 the game-centered coin has risen by over 600 per cent.
In Other Crypto News
- European Central Bank President Christine Lagarde outright mentioned that the bank will consider launching a central bank digital currency (CBDC). Concerning a timeline, Lagarde said, “The whole process—let’s be realistic about it—will in my view take another four years, maybe a little more.”
- In order to maximize capital efficiency, DeFi’s Element Finance Protocol offers high fixed rate rises. Without being locked into a fixed term, users will be able to buy discounted BTC, ETH and USDC.
- A grant distribution platform, called “Coordinape,” was the latest bid from Decentralized Finance (DEFi) aggregator Yearn Finance. Coordinape essentially allows the autonomous allocation and rewarding of funds by decentralized teams. This applies to DAOs without top-down management or departments of human resources.