BTC On the four-hour timeframe, the asset price closed above the exponential moving average of 100 EMA 4 H, bitcoin managed to gain a foothold above the 0.5 Fibonacci correction level ($47,063), which led to continued growth. The upward momentum was accompanied by an increase in trading activity but was stopped by the resistance level - $48,500, from which the asset rolled back to the area earlier than the established price maximum at $47,500. Buyers have again taken the initiative and by now bitcoin is gathering strength to break through the $48,500 resistance.
The asset has set a series of rising local price highs and lows, which strengthen bullish sentiment in the short term. Therefore, it is likely to see the continuation of the upward momentum to the resistance around $49,000, followed by a local pullback to the $48,000 mark, from where, depending on the reaction of buyers, either a repeated assault of $49,000 is possible, or a small correction to the area of dynamic support — 100 EMA 4 H to the $47,200 mark.
ETH The asset managed to break through the resistance at $3450, the next level is around $3750. Ether has increased its value in the #BTC pair by 4% over the past 24 hours.
One of the leading investment banks in the United States, Morgan Stanley, has created a division that will study cryptocurrencies and the blockchain industry (1). The headquarters of the division will be located in London.
One of the main tasks of the new department will be to assess the impact of the cryptocurrency industry on stocks and investment products, such as treasury and corporate bonds. The bank's administration focused on that the dispatch of a different division for the investigation of cryptographic forms of money" shows the developing significance of crypto resources and advanced monetary standards in worldwide monetary business sectors."
In the spring, the company's clients got access to three bitcoin funds. In July, it was announced that Morgan Stanley Insight Fund acquired GBTC shares for $27.7 million. It seems that the creation of a new division is aimed at finding new ways to integrate with the cryptocurrency space. By the same logic, earlier this year, Bank of America created its own digital asset research group, and JPMorgan Chase & Co.,and Goldman Sachs Group Inc. began offering cryptocurrency trading. I believe that in the near future the bank will increase its investments in a new asset class.
Аль Altos: The listing of the Gelato project (#GEL) on the BKEX exchange led to a 35% increase in the price of #GEL (against the dollar).
The announcement of the imminent release of the NFT marketplace by the Nafty platform (#NAFTY) increased the value of # NAFTY by 30% (against the dollar).
The news about the upcoming launch of the main network Uno Re (#UNO) based on #BSC caused the growth of #UNO by 20% (against the dollar).
The US stock market ended trading higher on Wednesday, due to the strengthening of the oil and gas, raw materials, and industrial sectors. At the close in NYSE, the Dow Jones rose by 0.68%, the S&P 500 index rose 0.85%, the NASDAQ Composite down 0.82 percent.
Total capitalization of the cryptocurrency market grew by 3.5% over the past day, the dominance of bitcoin fell by 0.5%. #BTC konsolidiruyutsya under the resistance from the daily timeframe at $49 000, it is important to wait for the reaction rates at this level before the opening of trading positions.