Today stock market is open after 3 days of close and this week we have inflation reports so volatility
will kick in.
BTC still consolidating at 28k and make retest of break down resistance line. No big moves are
expected before 12.04 when CPI is out.
ETH losing momentum and it is still unable to hold above 1860$ what is support for pushing higher.
Good position for small long if support holds.
XRP consolidating around 0.5$ and there is still no power for next leg up because of small volume.
Looking bullish only if holds above 0.5$. Good for small longs with target 0.6$.
LINK still consolidating above 7$ what is good for next push up. There is still no big buy volume for
big push up. Good for spot buy for long term.
SOL consolidating at 20$ for too long and next push will be big swing up or down. Still no volume on
buy side of SOL.
DXY make push above 102 and hit resistance at down trend line what push price back. Need to break
this line for bullish breakout.
Crypto/stock daily news:
GOLD-BACKED STABLECOIN MARKET CAP PASSES $1B (good investment long-term)
Crypto has a new buzzword: tokenized real-world assets (RWA.) They’re digital tokens that represent physical items like stocks, commodities, or real estate.
Well, one type of RWA just hit a major milestone and passed a $1B market cap: gold-backed stablecoins. That’s enough to fill Scrooge McDuck’s swimming pool.
How do gold-backed stablecoins work? Each token you buy is backed by an ounce of gold. The physical gold is stored in a vault for you and you’re issued a digital token on the blockchain.
This gives token holders all the benefits that blockchain tech provides like transparency, decentralization, and increased security.
So what? It’s estimated the RWA market could reach $16T by 2030.
And with all the recent U.S. regulations surrounding regular stablecoins, it might push people to look into other alternatives, like stablecoins backed by RWA.
RWAs may be shaping up to be the Gold Rush of the 21st century. This time, no need to bring a
Days after the change, Twitter just removed “Doge” as their logo. The token declined 8% on the change and gave back all prior gains.
Thailand’s opposition leader promised a $300 crypto airdrop per citizen if he’s elected Prime Minister in May. Going for the Andrew Yang approach.
Kyle Davies is now looking at a cloudkitchen to kick off his new restaurant venture. This is right after his OPNX exchange had a meh debut.
OpenEden, the first smart contract U.S. Treasury Bills tokenized vault, went live. Bringing risk-free rates to the blockchain.
Russia is the world’s second largest crypto miner. The spot was previously occupied by Kazakhstan.
Fidelity and Bank of America bought over $75M of Microstrategy stock in Q1. Tell me you’re into Bitcoin without telling me you’re into Bitcoin.
Market is open today and BTC is losing momentum now there will be more gains % in ALTs while
they try to keep up with BTC on market if big dump don’t happened.
Copy trade GROW 0.1->10k$ since 18.03 we got +20% what is great for start.
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Sentiment Is now BULLISH and real test for bulls are this week.
Not Financial Advice!
Good luck with trades!