Early Morning, Bitcoin (+5%) and most cryptocurrencies broke out resistance levels, and the sideways range they were moving in. Bitcoin SV (26.3%) gave another leap up and is approaching its historical maximum. Other large gainers are DASH(+20.6%) and ZEC(21.23%), but also BCH(+7.18%), EOS(+6.61%), Litecoin (+6.5%) and NEO(+5.03%) are having a great day.

In the Ethereum token section, Poll (+36%) continue jumping from cents to over $100 in just two days, after investors' hopes it would become a standard electronic voting solution. Also moving up with strength are FSN(+41%), (HEDG(+13.31% SNX(+7-36%) and CRO(+6-06%).

Coin360

The market capitalization went to $227.815 billion (+3.88%) on a $37.24 billion traded volume in the last 24 hours (+25%). The dominance of Bitcoin remains stable at $67.8%.

Market

 

Hot News

Visa announced on Monday that it acquired crypto fintech Plaid. "[...] a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives. Visa will pay total purchase consideration of $5.3 billion to acquire Plaid." (Source: Visa press release).

According to an Interpol announcement, Interpol-led action in Southeast Asia has resulted in a 78% reduction in cryptojacking, an activity in which criminals highjack computers to mine cryptocurrencies.

Travala, a Booking-partnered company, is now accepting Tether's USDT as a valid form of payment. Additionally, Travala accepts payments in Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, Stellar, Cardano, and Binance Coin.

The Chicago Mercantile Exchange (CME) started offering its bitcoin option product on Monday, and it was a success. In one day, CME's BTC Options volume exceeded the volumes reported by Bakkt's: $2.19 million vs. $1.15 million.

 

Technical Analysis - Bitcoin

Bitcoin

Bitcoin broke the triangular formation seen on the chart and made new monthly highs, as the price pierced through the $8.500 level on high volume. The MACD is showing a bullish crossover, and the Price is touching the +3SD Bollinger line. That would mean BTC price is short-term overbought, and it would need some consolidation to continue challenging new resistance levels.

SUPPORT

PIVOT POINT

RESISTANCE

8,300

 

8,400

8,600

8,100

8,720

8,000

8,900

 

Ripple

Ripple

Ripple moved up following the wave of the sector, and its price broke the $0.2125 resistance line, and now it is moving close to its $22 key level. The price is above the +1SD line, and the MACD made a bullish crossover. All these hints point to more upside. The potential near-term target is $0.225.

SUPPORT

PIVOT POINT

RESISTANCE

0.2100

 

0.2125

0.2150

0.2060

0.2200

0.2020

0.2250

 

Ethereum

Ethereum

Ethereum broke above two resistance levels: $144 and $148. Not is trying to overcome the $150 level. The price is a bit oversold, as it way above the +1SD line and close to the +3SD line. Thus, it may move sideways for some hours before making a new high, but all indications point for more upside. Its next target is $152.

SUPPORT

PIVOT POINT

RESISTANCE

141

 

144

150

139

152

136

155

 

Litecoin

Litecoin

Litecoin continues showing strength. The price pierced through the $51 and $53 resistance levels, and even the current consolidation seems very bullishly, as the retracement range is minimal and happening near the top of the previous large candle. The price moves well above the +1SD line, and also, the MACD shows a bullish continuation. Its next targets are $55 and $ 58.

SUPPORT

PIVOT POINT

RESISTANCE

51.5

 

53

54

49.8

55

48

56

 


 

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Cardano plan for new all-time high is clear

Cardano has established a new all-time high of $1.55 on April 14 and bulls aim for more now. The digital asset had a significant breakout from a key pattern but still faces a significant resistance barrier ahead, according to on-chain metrics.

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Enjin Coin on track for 20% gains

Enjin Coin price is trading around the middle line of an ascending parallel channel. A bounce from the demand zone ranging from $2.92 to $2.46 signals a continuation of the upswing to $3.59. If ENJ slices through the supply barrier at $3.59, an additional 10% upswing will push it to $3.98.

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VeChain shows mixed signals amid market weakness

VeChain just recently formed a new all-time high of $0.189 on April 15 after a massive rally in April. The digital asset had a brief consolidation period in the last 24 hours but could be aiming for the next leg up soon. 

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Binance on verge of 25% upswing

Binance Coin price has been outperforming the entire market for the past two months, reaching a market capitalization of $90 billion. Many analysts believe BNB could even overtake Ethereum, which stands at a $280 billion market cap. 

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Bitcoin Weekly Forecast: Institutional wave of BTC adoption follows new all-time highs

Bitcoin price hitting a new all-time high and Coinbase’s direct listing are perhaps two of the most important developments surrounding the pioneer cryptocurrency over the past week.

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