CryptoCurrency  Recap 2020-04-07 Winners and losers

CryptoCurrency Recap 2020-04-07 Winners and losers


Winners and losers

351665157-2084eec3e7c1c6540a288aef24a4aaf565c8de62868857ebeffa97c39bbbbbdd.png

 

Top 5 winners

Name                                 Price (USD) 

EOS 2.70105605025 delta-green.png 14.5598

Ethereum 164.326532718 delta-green.png 14.4979

Stellar 0.0491621603968 delta-green.png 14.0286

Tezos 1.85473586662 delta-green.png 10.6964

Cardano 0.0350731281435 delta-green.png 9.90255

 

Top 5 losers

Name                                 Price (USD)

Tether 0.99724228876 delta-red.png -0.548526

USD Coin 0.997556449228 delta-red.png -0.423946 

LEO   1.02961527051 delta-red.png -0.195774

Huobi Token 3.92379547174 delta-green.png 6.05121

Bitcoin 7234.2944624 delta-green.png 6.60576

 

Other great coins

Name                                 Price (USD)

Steem 0.175613762227 delta-green.png 2.06489

 

CRYPTO Coin news

Bitcoin once again breaks above -7,000 amid a wider risk-on rally

As risky assets regain their mojo in optimism, the coronavirus has begun to spread, with bitcoin back at $ 7,000.

The largest cryptocurrency rose by .4% on Monday, at $ 5, the highest of almost a month, making it the biggest one-day gain in two weeks, and delivering an 11% royalty cap for Bitcoin in April.

"The risk-on mode was proven in both the crypto and non-crypto markets, as market participants reacted positively to the signs that coronavirus outbreaks were starting to stabilize in some of the worst-affected countries," said Dennis Vinokourov, head of research at Becant, a London-based digital resources firm. "For Bitcoin, this was a continuation of the trend that began last week, and at this point, Bitcoin's efforts to exceed $ 7,000 were even more staggering."

Bitcoin, Equity Market Ranges of Hope

Sometimes, that means they rally to potential good news. And while this seems to be the case on Monday, the positive information about the war with coronavirus gives markets hope that better days may come sooner.

The price of Bitcoin is $ 7,145 as of 13:45 UTC (8:30 45 East Eastern time), a 5 percent increase over the previous 24 hours. The move started during the Asian equity market trade, with Japan's Nikkei Index rising by 8.2 percent. There was still some sunshine on the Dow Jones Industrial Average's futures contract, indicating New York's traders were up 700০০-point gains when they heard their opening bell.

The share of that optimism in the stock market and cryptocurrencies originates from the glimmer of hope on the Coronavirus front.

After 3 tries, will BTC finally turn the bullish and move to a new 3-week high?

The month of April seems bullish for Bitcoin so far. Starting at the month close to $ 6200, the price of bitcoin quickly rose to 6600 (April 1) and this price has created a 'baseline' around the region.

At the same time, side 6800 provided a strong resistance from the other party, and most of the time, Bitcoin was trading at a price of $ 6600 - 00 6800, as we mentioned earlier.

As we can see, last week was offering modest support for $ 6600 bitcoin and could save every effort to break it. When purchasing power was steady at holding that level, it was a matter of time for a breakout to reverse.

And so it did: As we can see in the following 4 hour chart, $ 6800 was finally broken, and from there onwards the path to the next resistance was 00 7100 - $ 7200 a time issue.

It is noteworthy that the next price level, ~ 00 7200, ended as a "ceiling" for bitcoin prices for the past 2.5 weeks for three tries. Will it be different this time? There will be only one time; However, we can see some hopeful bullish signs.

Coronavirus is the result of dramatic value between panic buying and selling

Wikipedia has experienced wildlife currents in recent times as cryptocurrency markets respond to global economic uncertainties triggered by the coronavirus epidemic.

Since the beginning of March, cryptocurrencies have been at the highest of $ 9,000 and below 4,000, representing the most severe price volatility since the market explosion and crash at the end of 2017 the Its current price is $ 6,600.

The latest price increase came after the US Federal Reserve announced unlimited quantitative easing measures to help reduce the economic impact of the coronavirus.


This is followed by similar announcements from other central banks such as the Reserve Bank of Australia and the European Central Bank to artificially increase financing.

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