BitDigest April 22 · Issue #642
- Crypto fighting to breakout of current pattern, bitcoin holding under $7,000
- The Central Bank of the Netherlands says “cash is no longer king” and want to play a leading role in the development of a European central bank digital currency
- Ripple sues YouTube to stop crypto scams on the video streaming platform
Bitcoin (BTC) is building support at $7,000, looking to break up and test resistance at $7,730. At the current level, Technical Roundup sees no real concern unless BTC falls below $6,380.
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 1.10% and QQQ 1.12% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC 1.19% briefly dropping below $62k and ETH 3.17% below $2.5k. Among altcoins, SUI 5.25% is showing...
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