BTC The value development created by the second situation from the previous survey. The asset price closed below the trading level of $47,500, which led to a decrease in the asset to the level of the 0.5-Fibonacci correction ($47,063), the exponential moving average EMA 200 3 H, acting as a dynamic support, lay in the same area. As a result, there was a technical rebound of the instrument from the designated zone, the price closed above 20 MA 3 H, which, within the framework of the "Bollinger Bands" indicator, indicates the predominance of the buyers ' initiative.
Bitcoin has set a new local maximum at $48,857, coming close to the resistance from the daily timeframe. It is most likely to see the continuation of bitcoin's growth from the current level with a breakdown of the $49,000 mark. An alternative scenario would be a descent to the area of 20 MA 3 H-the $47,800 mark with insufficient buying pressure, where after some consolidation over the moving average, the upward movement to the resistance around $49,000 will continue.
ETH The asset is trading above the support level of $3450, the nearest resistance is around $3750. The fall in the cost of ether in a pair to #BTC was 2.3% over the past 24 hours.
The German stock controller has endorsed a STO for retail financial backers of the gaming organization Exordium, which will be hung on the bitcoin Liquid Network sidechain (1). The Luxembourg video game publisher has received approval from the German Federal Financial Supervision Authority (BaFin) for the sale of EXOeu tokens-shares on the STOKR digital asset market for German retail investors.
For the first time, BaFin has agreed to conduct an STO on the sidechain of the main cryptocurrency. EXOeu uses the Blockstream AMP tokenization platform, which allows issuing stock tokens on Liquid. Owners of share tokens will be able to get a share of the profits of the Infinite Fleet online game. Exordium has already raised $7.3 million through the sale of the EXO token in other jurisdictions. German investors can invest from $100 in EXOeu through STOKR.
Liquid Network is a sidechain (an offshoot of the main blockchain) of bitcoin, functioning as a settlement and payment network for cryptocurrency exchanges, market makers, brokers, and other market participants. The main advantage of the sidechain is a higher number of transactions per second and a shorter transaction confirmation period. The main disadvantage of sadchains is a lower level of security compared to the main blockchain.
I believe that Ethereum as an STO platform is losing its attractiveness due to the high level of commissions, especially if we are talking about a wide range of retail investors. The approval by the German financial regulator of the placement of a token-a security on the #BTC blockchain will mark a new milestone in cross-border STOs on the blockchain.
Altos: The integration of the Lithium Finance (#LITH) platform with Alameda Research has increased the cost of #LITH by 30% (to the dollar).
The strategic partnership of BSC Station (#BSCS) with DareNFT was the reason for the growth of #BSCS by 25% (against the dollar).
The listing of the project (#GHD) on the BitMart exchange led to an increase in the price of #GHD by 18% (against the dollar).
The main Wall Street indices closed trading on Friday with a fall on the background of negative dynamics in the sectors of raw materials, utilities, and technology. At the close on the New York Stock Exchange, the Dow Jones fell by 0.48%, the S&P 500 index fell by 0.91%, the NASDAQ Composite index fell by 0.91%.
The total capitalization of the cryptocurrency market has increased by 0.95% over the past day, the dominance of bitcoin has increased by 0.75%. It is likely to see the continued growth of the dominance of the main cryptocurrency to the level of 42.4% before the recovery of altcoins to the pair to #BTC.
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