$BTC 24 Hour High $7,796.97 $BTC 24 Hour Low $7,693.55 $BTC 0.7%
Traditional equities were seen grinding upward yesterday (SP500 and DOW both +1.5%, and NASDAQ up 0.6%) as positive momentum continued on the heels of the House’s approval for an additional $484B in stimulus and several US states openly game planning a reboot to their activities. There remains cautious optimism as reported new cases of COVID-19 slow, but the evidence of economic slowdowns continues to weigh on market sentiment.
Digital assets market:
Market cap decreased by 2B, with $BTC adding another 0.75% gain overnight, as it maintains momentum over the $7,600 resistance that kept it range-bound last week.
$BTC dominance increased +0.3% to 64% where it maintained most of last week.
$BTC’s 7th consecutive positive trading day leaves $BTC now only $250 away from pre-March 12th levels as traders and investors eye the $8k’s once again.
$BTC Future trading volumes on the rise once again, surpassing 10B traded across the major platforms after 3 days trading below this target, bull-bear ratio at 68/32 long, with shorts paying longs and 1.82B open interest across the top four platforms.
ETHUSD barely tested the $200 mark and is now holding the $192-$199 range while ETHBTC touched and got rejected for 4th time in the last two weeks at the 0.0252 price mark, now trying to bounce from the uptrend channel formed almost a month ago.
The rest of alt coins seeing a mainly red, with notable mentions to $XLM (+8%) and $TRX (+1.2%) as the best performers of the night and $XTZ (-1.5%) and $LINK (-2.4%) on the other side.
Desk seeing overall decreased volumes this week so far on the main traded $BTC and $USDT due to less volatility and no arb opportunities, correlated with what we’re seeing in the market. Few more speculative buyers coming out of the woodwork requesting quotes for $ETH and $HBAR