14 April 2021
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Bitcoin is up another 11% in a week and is trading around €53,000 ($64,000) on April 14. The overall market is continuing a solid uptrend with no short-term warning signs, while today marks an important milestone for the entire ecosystem: the largest U.S. cryptocurrency exchange platform will go public on the Nasdaq. At the same time, a major update, called "Berlin", is going to be made on Ethereum. This is a major step on the road to Ethereum 2.0. Against this very favorable context, we provide a comprehensive update in our detailed technical analysis, while high volatility is likely in the coming days. In particular, we highlight the price levels that need to be particularly monitored and that can cause significant price reactions.
The rise of the market is also supported by the interest of institutional investors, which has not waned. Ethereum specialist Consensys, for example, has announced a $65 million fundraising round, with JP Morgan, UBS and Mastercard among the investors. Bitcoin miners are also confident: the leading company in the sector in the United States has ordered equipment to almost double its mining capacity. This is good news for the entire ecosystem.
The macro-economic situation also seems to be calming down more. The major stock market indices continue to rise and are also setting records. More and more countries around the world are recovering from COVID-19. In a nutshell, as you can see, this week is painting a particularly optimistic picture. Does this mean that we have to take our eyes off the ball when it comes to managing our portfolio? Certainly not. Many events can occur at any time and change market psychology. In particular, regulatory issues, which can slow down the use of cryptoassets, come up regularly.
We invite you to discover our video analysis (in French and dated April 13):
The Coinhouse recommendation :
Taking profits at $69,000
The Coinhouse recommendation :
Taking profits between $2,300 and $2,500
The Coinhouse recommendation :
Taking profits on the $2 level
1- Dogecoin (DOGE) : +96%
2- Ripple (XRP) : +60%
3- VeChain (VET) : +43%
1- Holo (HOT) : -23%
2- BitTorrent (BTT) : -22%
3- Klaytn (KLAY) : -16%
All information in this article is provided for informational purposes only, although it has been compiled from reputable and reliable sources. It does not constitute an offer to buy or sell digital assets, nor does it constitute an offer to provide services in respect of digital assets, nor does it constitute advice, inducement or recommendation to deal in such digital assets. It constitutes simple information that is under the user’s absolute control. We inform you that if you choose to invest in digital assets, you must be aware of our general terms and conditions of sale (https://bit.ly/2FGW2ek) and accept the various risks listed and defined on our legal warning page (https://bit.ly/3c4sQKc)
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Investing in crypto-assets carries risks of liquidity, volatility, and partial or total capital loss. Crypto-assets held are not covered by deposit and securities guarantee mechanisms.
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