Difficult happenings
The past hours, prices Bitcoin major movements ranged from US $ 6,700 to US $ 6,850, compared to Monday did not record any significant adjustment.
Although the Bitcoin Halving event is coming very close (28 days left), strong bullish signals have yet to be found.
Bitcoin has not been able to retest the $ 7,000 in the past 24 hours, with the highest price recorded at $ 6,904 and the lowest of $ 6,619.
Bitcoin price today (April 14) recorded at 9h05 at $ 6,853, an increase of 1.75% from the previous 24 hours.
Bitcoin's market capitalization remains low at $ 125.09 billion, with Bitcoin's market dominance (market share) rising to 64.2% - according to the BTA's bitcoin exchange rate.
In the top 100, there are 72/100 cryptocurrencies that have appreciated over the past 24 hours. Considering the past 2 weeks, most of the dong still stayed still, without many new adjustments.
Top 10 cryptocurrencies by market value saw 7/10 dong increase in value over the past 24 hours, of which Binance Coin surged the most by 8.1% because of Binance news announcing the new IEO.
The total market capitalization of the digital currency recorded at 9:05 at 195.26 billion USD, an increase of 4 billion USD compared to the previous 24 hours.
The market's 24-hour trading volume recorded at 123.59 billion USD, down 7 billion USD from April 13.
Along BTA review the news available in the day, the content in the article will be updated as new news ..
There is a possibility of a stronger decline
According to technical analysis from investor Tom Hiddleston on twitter, he assessed that Bitcoin is more likely to fluctuate below the $ 5,500 threshold.
He is concerned that a sharp decline like the one in March might happen in the next few days.
Despite the recovery a few days ago, Bitcoin's poor performance in the daily chart shows that the currency is hard to overcome the above resistance levels.
He said:
The moving averages in the daily chart are showing that the decline is more likely to occur. Don't think of $ 9,000 or $ 10,000 when the $ 7,500 area now cannot recover
According to him, only when Bitcoin rises and sustains at $ 8,300 - $ 8,500, the price reversal for bitcoin will actually take place.
Huobi launches an unusual transaction monitoring tool
As announced on April 13, Huobi Global will launch Star Atlas, a chain analysis tool to monitor illegal cryptocurrency transactions with similar tools.
This tool helps Huobi point out some past criticisms. Chainalysis's 2020 crime report writes: Binance and Huobi lead the exchanges in terms of the number of illegal Bitcoin received with huge disparities.
According to Ciara Sun, vice president of global business at Huobi, explains the tool's function: Star Atlas is a surveillance tool that monitors cryptocurrency transactions to identify and detect criminals such as frauds. island, money laundering and other questionable operations.
Shenzhen China signed a cooperation with Huawei to expand the blockchain system
The government of Nam Son District, Shenzhen, China has just announced a cooperation with multinational communications giant and consumer electronics Huawei to enhance blockchain application, along with other technologies in the region.
According to a report published on April 13 from local news site Global Times, the authorities of Nam Son and Huawei will work together to create the Kunming industrial park (Kunpeng), in order to enhance blockchain application and artificial intelligence. , big data and 5G.
Both organizations believe that this will help transform the city into a modern industrial park in the computer chip industry and other advanced technology.
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