Goldman Sachs Group (GS) - Ethereum Hits New ATH As European Investment Bank Issues Two-Year Digital Bond On ETH Blockchain benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
HODL your horses, cryptos face possible hurdles ahead, experts say Reuters 3 hrs ago Renewables-driven mining seen as increasingly important
By Divya Chowdhury
April 27 (Reuters) - Evolving rules, environmental concerns and competition from central banks threaten to undermine many of the world s fast-growing crypto assets, crypto and macro experts said, while creating opportunities for those able to adapt.
Europe and the United States are both working on regulating digital assets and their providers - moves welcomed by investors, who hope the new ground rules will encourage institutional investors to plunge in.
Anatoly Crachilov, co-founder and CEO of Nickel Digital Asset Management, which manages assets worth $200 million, told the Reuters Global Markets Forum that regulatory uncertainty was a drag on the development of the crypto space.
HODL your horses, cryptos face possible hurdles ahead, experts say indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
News
Investment strategist Raoul Pal has identified that Bitcoin’s fortnightly relative-strength indicator, or RSI, recently fell to levels not seen since the “Black Thursday” crash of March 2020.
The Global Macro Investor and Real Vision Group CEO also noted Bitcoin’s weekly RSI has crashed to levels comparable to that of the corrections produced during “the first part of the 2017 bull run, before Bitcoin hit hyperspace.”
The observation was made after Bitcoin crashed roughly 15% over the weekend, with BTC dropping from $55,000 to find support near $47,250 on Sunday, according to TradingView.
Bitcoin is nearly as oversold as it was in March 2020. pic.twitter.com/ZYHESpW5HG Raoul Pal (@RaoulGMI) April 25, 2021
$1,957,483,335,553.
What Bitcoin did yesterday
$49,004.25 – down from $50,050.87 the day before.
The daily high yesterday was $50,506.02and the daily low was $47,159.49.
This time last year, the price of Bitcoin closed the day at $7,569.94. In 2019, it closed at $5,210.52.
Bitcoin market capitalisation
Bitcoin’s market capitalisation at time of writing is
$982.71 billion. To put that into context, the market cap of gold is $11.298 trillion and Alphabet (Google) is $1.541 trillion.
Bitcoin volume
The total spot trading volume reported by all exchanges over the last 24 hours was
$58,884,766,713. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.