Bitcoin is strengthening, copying the movement of Asian stock markets. China has indicated that it is preparing to loosen monetary policy. The most famous cryptocurrency is over 41 thousand dollars (over 918 thousand crowns), growing the second day in a row. Some analysts deduce from the technical indicators that bitcoin could briefly jump to the level of 51 thousand dollars (about 1.14 million crowns) for a virtual coin.
According to data on the specialized website CoinDesk, bitcoin sold for around $ 41,172 around 12:00 CEST, thus gaining over 2.6 percent in the last 24 hours. It has risen to $ 41,531 in the last 24 hours.
Technical indicators suggest that bitcoin could rise to $ 51,000 in the short termestimates Katie Stockton, co-founder of Fairlead Strategies. Cryptocurrency however, she said, she must first exceed the 200-day moving average, which is just over $ 48,000.
If bitcoin fell back below $ 40,000, it would be in danger of slipping to around $ 27,200, Stockton said. Bitcoin was last traded so low in December 2020.
Mark Newton, who heads Fundstrat, expects bitcoin to strengthen over the next week. He states $ 44,200 as the upper limit of the range.
Bitcoin has largely held between $ 35,000 and $ 45,000 this year. At the end of March, it briefly touched the 200-day moving average, but then followed by a decline of as much as 19 percent. Concerns about tightening monetary policy then triggered declines across risky assets. During this period, the correlation of the most famous cryptocurrency with large technological stocks increased at a record level.
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Mastercard and Nexo will jointly issue the first payment card covered by cryptocurrencies
The Swiss cryptocurrency company Nexo and the American issuer of payment cards Mastercard have merged to issue a joint payment card. It will be the first in the world to be covered by cryptocurrencies. Nexo stated this on its website. Companies are responding to the growing prevalence and popularity of digital assets, Reuters reported.
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