while the markets traditional do not awaken, the Crypto Times come take a good morning to bitcoin. Check out a brief summary of what could affect the market this Friday (31).
O Bitcoin (BTC)) woke up this Friday (29) negative and is trading just below $28k. Analysts see resistance at $28.8k.
already the Ether (ETH) also has slight indentations and is trading below $1800 USD. The value of Marketplace of cryptocurrencies remains at the level of US$ 1.17 trillion.
Even so, the cryptocurrency is heading towards the end of the quarter with an excellent performance, better than indices such as Nasdaq, Ibovespa and S&P 500.
After appreciating 70% since the beginning of the year, Bitcoin is heading towards closing its best quarter since January to March 2021, when it rose by around 103%, according to Bloomberg data.
The performance far outweighs the S&P 500’s 5.5% year-to-date advance and the Nasdaq 100’s 19% gain. .
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André Franco, chief analyst at Mercado Bitcoin, comments that in the on-chain data it is possible to observe the accumulation of over 6,000 bitcoins in the position of long-term investors (LTH). In Ethereum, 28,000 new ETH were locked in the Beacon Chain.
Fernando Pereira, content manager at Bitget and analyst, says that after again rejecting the $28,800 region, Bitcoin experienced significant selling pressure yesterday, even as the stock market surged.
“It is quite possible that he will return there again in the next few days, in a last attempt to break through to seek the US$ 31,000. If it fails again, the bears should take the price back to $26.7 thousand”, he evaluates.
The market fear and optimism index advances three points, and remains optimistic. The day before, the index was at 60, in the bullish zone, and today it is at 63, from 100.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
