Thoughts on the crypto market on 12/21/2020

Over the weekend, Bitcoin moved to a floor higher, on Saturday the main cryptocurrency renewed its highs again, reaching values ​​above 24370. After that, there was a strait to 23K, with a subsequent return to 24K. The main cryptocurrency is currently trading around 23,950 - 24,000.

Market capitalization 672 billion, dominance index 66.1%.

Equity markets opened slightly lower. On the one hand, there is a positive about the aid package - there was information that everything was agreed and today the House of Representatives and the Senate will adopt this package. On the other hand, there is a negative about the allegedly new modification of the virus, which is found in the UK. Some countries are closing flights to London, some are considering this possibility.

Asian indices show a slight decline; futures for the S&P 500 are also declining, but so far it is above 3700. Oil has already lost more than 3%, while gold is up and is trading at 1904..

The cryptocurrency market is still working out option 1 of this forecast, which was indicated as a priority one. Bitcoin has not yet held above 24K and remains at the upper border of the 22-24K range, altcoins are growing, market capitalization yesterday reached values ​​of about 680 billion.

It is possible to try another update of the maximums and take the psychological level of 25K, but the priority is still option 1 - Bitcoin in the range of 22-24K and further growth of altcoins.

Interestingly, VISA has published a protocol for working with CBDC and other digital currencies. This protocol makes it possible to transfer between users without intermediaries and even without an Internet connection.

Investment firm Jefferies has announced that it is investing in Bitcoin a portion of its portfolio that was previously in gold. The total assets of this company are more than $ 51.7 billion. Pay attention to what they are going to do in the event of a decline in Bitcoin. And these market participants will do the same.

Thoughts on the crypto market on 12/20/2020

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Category: Analytics | Views: 156 | Added by: andryvrozhkov | Tags: #Bitcoin #Bitcoin Price #BTC | Rating: 5.0/1
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