🗞 Daily Crypto News, April, 15th💰

Big Move Brewing for Bitcoin Price But Stocks Will Decide $6K or $8K;
More Investors Are Holding Bitcoin Ahead of the Halving, Data Suggests ;
Inside China’s Plan to Power Global Blockchain Adoption ;
Bearish Bets Being Placed on Bitcoin as Halving Nears ;
Binance Coin (BNB) Monthly Gain Exceeds 151% as Cartesi IEO Approaches;
🗞 Daily Crypto Calendar, April, 15th 💰
Bitcoin Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Big Move Brewing for Bitcoin Price But Stocks Will Decide $6K or $8K

Bitcoin (BTC) is trading down 1.72% over the last 24 hours and 1.5% for today’s session. Looking at performance relative to its peers and in contrast, Ether (ETH) and EOS have also posted losses over the last 24 hours but remain somewhat more resilient. As a result, Bitcoin dominance is down 63.7%.

1-week Bitcoin chart

Bitcoin closed last week with a fourth consecutive green candle, which was also the fourth consecutive time that there has been a solid rejection of the 100-week moving average which lies a little over $7,000.

Volume saw a small decline last week but remains high relative to average. Price increasing as volume decreases is generally bearish, but given the context of relatively high volume, it could be interpreted as misleading in this instance.

🗞 More Investors Are Holding Bitcoin Ahead of the Halving, Data Suggests

Investors may be accumulating bitcoin ahead of next month's miner reward halving.

The seven-day moving average of the total number of bitcoin held in exchange addresses fell to 2,214,365 on April 14 – the lowest level since last June – according to numbers from blockchain intelligence firm Glassnode.

As of Tuesday, the average was down nearly 8 percent from a high of 2,404,786 registered on Jan. 17, 2020.

The decline in exchange balances suggests a shift to longer-term holding strategies, according to Glassnode.

🗞 Bearish Bets Being Placed on Bitcoin as Halving Nears

With the much-anticipated bitcoin (BTC) halving now less than a month away, more traders are placing bearish bets on the price of the number one cryptocurrency, signaling some degree of doubt as to how enthusiastically the event will really be received by the market.

The bets, known in trader circles as put options, have risen steadily relative to the opposite bet – call options – since March 23, data from the crypto derivatives analytics provider Skew shows.

Options are financial derivatives that provide the holder with the right but not the obligation to buy or sell an asset at a specific price on a predetermined date. As such, options enable speculators to bet on a price rise or decline of an underlying asset using leverage. A call option gives the investors the right to buy an asset and a put option gives the right to sell it. (Learn more:How to Bet on Bitcoin Volatility Using Bitcoin Options)

Also, the data shows that trading volumes in the options market have been on the rise, a sign that is usually considered to add support to existing price trends in the market.

🗞 Inside China’s Plan to Power Global Blockchain Adoption

China is about to launch its national blockchain platform, part of the country’s grand strategy to lead the digital transformation of the world economy.

Led by the State Information Center, the Blockchain Service Network (BSN) is poised to launch for domestic commercial use Wednesday and globally on April 25. If it works as envisioned, companies and software developers will be able to plug into the BSN and build blockchain-based applications as easily as assembling Lego sets.

“As the BSN takes hold in worldwide countries, it will become the only global infrastructure network that is innovated by China, whose gateway access is controlled by China,” declares the latest white paper penned by the BSN Alliance, led by the government agency, several state-owned entities and blockchain firms.

"To avoid regulatory arbitrage," argues the study, "rulemaking on cryptoassets should take place at the European level, preferably in the execution of international standards."

🗞 Binance Coin (BNB) Monthly Gain Exceeds 151% as Cartesi IEO Approaches

Since dropping to a 2020 low at $6.34 on March 13, Binance Coin (BNB) has been on an absolute tear, gaining 151.48% to reach a 4-week high at $15.93. Unlike Chainlink (LINK), the recovery has been slow and steady as BNB flipped systematically flipped multiple resistance levels to support.

Aside from the strong oversold bounce that saw many cryptocurrencies snatch back the majority of their March 13 losses, news that Binance exchange will host an IEO for Cartesi starting April 21 could be partially responsible for the most recent leg of the pump to $15.93.

Many Binance IEOs require investors to use BNB to participate so this along with the hype building up around the event could be fueling BNB purchases.

.On the daily timeframe, one can see that the current progression took place on multiple days of strong buy volume. Currently the relative strength index is at 60, projecting higher into bullish territory, and the Chaikin Money Flow shows buyers remain interested in BNB.

🗞 Daily Crypto News, April, 15th💰

Bitpanda Ecosystem Token (BEST) and 4 others

ANON 2020 in Vienna from April 15th - 16th.

BitTorrent (BTT)

"Lino Token Swap by April 15th 2020"

CryptoAds Marketplace (CRAD)

CryptoAds Marketplace with Turkish support will launch on April 15.

Nxt (NXT)

"Reminder to upgrade to #Nxt v1.12.1 before the hardfork block 2 870 000 (expected April 15)"

Bitcoin Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

What happened since my last analysis. as I was suspecting, the break on the UP side was just a fake and we did a correction just after. We are now under that triangle and the market is a little bit of nowhere. We could try to reach again the resistance line around 7300$ to continue some UP or the correction could continue and go in the dirrection of the support line around 5700$. Let's which side the market will decide.

Last Updates

🗞 Daily Crypto News, April, 15th💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Big Move Brewing for Bitcoin Price But Stocks Will Decide $6K or $8K

🗞 More Investors Are Holding Bitcoin Ahead of the Halving, Data Suggests

🗞 Bearish Bets Being Placed on Bitcoin as Halving Nears

🗞 Inside China’s Plan to Power Global Blockchain Adoption

🗞 Binance Coin (BNB) Monthly Gain Exceeds 151% as Cartesi IEO Approaches

Bitcoin Trading Update by my friend @cryptopassion

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