Market Cap: $325,989,899,352
24h Vol: $15,576,816,007
BTC Dominance: 41.7%
In the last 24 hours market capitalization has fallen from 338,7B to 318,3B and has risen steadily since then to around 326B.
There is no significant news that came out in the last day that can impact the market fundamentally. These are the most interesting once.
Mastercard Patents Blockchain Tech To Combat Fake Identity
Mastercard has registered a patent for a Blockchain system to save and verify identity data, in an application published by the U.S Patent and Trademark Office (USPTO).
Source: Marie Huillet, April 16. Cointelegraph.com
Crypto Investor Ian Balina Hacked for Millions of Ether During Livestream
Notable cryptocurrency investor and Youtube influencer Ian Balina ended a livestreamed ICO review last night when he realized he was being hacked. Balina seemed to realize something was amiss when he was required to sign back into Google to save changes to the spreadsheet he was using, saying “I have to get going” and ending the stream. Balina took to social media to ask for the support of his followers in tracing over $2 million worth of cryptocurrency being moved from his Etherscan wallets.
Source: Conor Maloney, April 16. Ccn.com
NASA Researches Ethereum Blockchain Tech for Deep Space Exploration
A research project funded and co-run by NASA is looking to leverage the Ethereum blockchain’s smart contracts technology to automate spacecraft maneuvering while avoiding space debris.
Source: Samburaj Das, April 16. Ccn.com
Since yesterday the price of Bitcoin has decline by 5,07% coming from 8380$ to 8010$ where is now sitting.
The current sentiment for this cryptocurrency is slightly positive, meaning 69,15% from 389 mentions in total were positive.
On the hourly chart, we may observe that the price is close to the support line which served as resistance and was broken by a bull flag. Volatility is low, and there is not much going on.
Overall, hourly chart signals a buy, but it’s more like neutral.
In the last 24 hours, Ethereum’s price has been bouncing in the range from 516$ to 502$. Looking at the daily chart, we observe that price has fallen below the 1.272 Fibonacci level (green line).
The current market sentiment for Ethereum is positive, meaning out of 133 mentions in total 77,44% were positive.
Zooming into the hourly chart, we can see that price went slightly above the Fibo level and is now below it. Volatility is low as in the case of Bitcoin.
Overall, hourly chart signals a buy, however, there are also nine neutral signals.
In the last day, Ripple’s price has slightly declined from 0.68$ to around 0.66$ where is no sitting. Looking at the daily chart, we can see that the price has bounced off the 0.7$ level which may be serving as a psychological resistance level.
Zooming into an hourly chart we can see that the rising wedge has been breached to the downside as it should have, and the price bounced off the 0.618 Fibonacci level which serves as a support.
Overall hourly chart signals a buy.
After the market capitalization surged in the last couple of days, we are experiencing a slight pullback. Volatility is low, and the prices of three coins that we’ve covered in this report are resting at the prior resistance levels, which is a good thing because the upward trajectory will be more sustainable in the long run.