On Friday night, the bitcoin rate again exceeded $ 60 thousand, after which it began to gradually decline. As of 17:40 Moscow time, the average market price of the coin is $ 59.1 thousand. Ethereum, on the contrary, went into the growth stage by the evening. The cryptocurrency has overcome the historical maximum above $ 2.08 thousand. The specialists explained to RBC-Crypto how the market might move on the weekend.

Cryptocurrencies continue to receive money from Americans who received them in a new aid package, said Janis Kivkulis, lead strategist at EXANTE. In addition, this week, US President Joe Biden announced a $ 2.3 trillion new infrastructure project that propelled the S & P500 to a new record of 4,000 points. Optimism in the stock markets is a faithful companion to the growth of bitcoin, the expert emphasized.

According to him, often the growth in the crypto market occurs precisely on weekends, for which he even received the nickname “weekend market”. This happens because liquidity decreases on weekends and holidays, which leads to increased volatility, Kivkulis said.

“Today, the US and other countries are celebrating Good Friday and exchanges are closed, so it is possible that both BTC and ETH will update records this weekend. Nevertheless, despite the recent dynamics, investors should remember that the crypto market is poorly predictable, and the scenario of an unexpected collapse should not be disregarded, ”the strategist warned.

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Vladimir Smetanin, CEO of the Swiss financial company Newcent, agreed with him. This weekend, he expects the bitcoin rate to rise, although a correction is already technically brewing. Therefore, after growth on the weekend on Monday-Tuesday, the rate will return to the values ??of Friday's close, Smetanin said.

The likelihood of a strong pullback over the weekend is low, said Yuri Mazur, head of data analysis at CEX.IO Broker. He emphasized that significant negative fundamental factors are required for the trigger of the decline to be triggered. The analyst believes that there are none on the crypto market yet, and positive factors, such as the acceptance by an increasing number of large companies of the possibility of payments in cryptocurrency, are of a very solid nature.

PayPal, Tesla, the intentions of Visa and Mastercard to introduce cryptocurrency payments into their services - all this is the key to the success of the main crypto coin BTC.

American entertainment magazine Playboy announced the launch of an online art gallery in the form of non-fungible tokens.
Source:
World news 2021 .
All magazine covers will appear as NFT tokens
American entertainment magazine Playboy announced the launch of an online art gallery in the form of non-fungible tokens. The magazine's partner is the Nifty Gateway platform based on the Ethereum blockchain. It will feature an extensive collection of art and photographs from over 70 years.

The magazine has gone in a more progressive direction since the late Hugh Hefner's family sold their last stake in Playboy Enterprises back in August 2018 and a team of millennial editors gave it a new look. Long after its heyday in the 1970s, this iconic magazine is trying to reinvent itself and find a new audience with the help of NFT.
Brands are aiming for NFT, but the market is falling
Note that PlayBoy is not the first global brand to use NFT technology. More recently, it became known that the Italian fashion house Gucci may join the ranks of companies that have joined the non-fungible token (NFT) market. However, it remains unknown when approximately and what kind of NFT tokens luxury brands can present.

One of the barriers to entering the NFT market may be its systematic decline, which was outlined at the end of March. According to Nonfungible.com, which monitors the state of the market for non-fungible tokens (NFT), their average value peaked in February at $ 1,400, which has since dropped by 70%.

The rapid reversal has given rise to speculation that the bubble in the NFT segment is about to burst. However, not everyone agrees with such statements. Critics point out that the crypto industry as a whole has also been compared to a bubble many times. However, every time she was restored and went to a new level.

Celebrities such as Snoop Dogg, Al Walser, Pussy Riot, Lindsay Lohan and many others have already released their own NFT tokens.

In just 15 minutes on the morning of April 18, the bitcoin rate fell by more than $ 7,000, which triggered a wave of liquidation of long positions.

The almost instantaneous collapse from $ 59 thousand to $ 51.5 thousand during the Asian session came as a surprise to the market. According to the bybt.com platform, in this hour alone, long positions in the cryptocurrency worth $ 4.3 billion were liquidated, and in total, the amount reached $ 9.2 billion per day.

The exact reason for this dramatic decline is unknown. A potential trigger could be a decrease in the network hash rate of a number of cryptocurrencies due to power supply problems in most Chinese mining pools. However, by the time of the collapse, the level of computing power had almost recovered.

Rumors of the US Treasury's plans to sue several financial institutions, accusing them of money laundering using digital assets, could also have worsened the market sentiment. Although there is no official confirmation or details of this yet.

The total capitalization of the cryptocurrency market this week broke the $ 2 trillion mark for the first time in history. According to this indicator, on April 5, he approached Apple ($ 2.15 trillion) and bypassed Microsoft ($ 1.88 trillion).

Experts call this growth unprecedented: at the beginning of 2021, the cryptocurrency market capitalization barely reached $ 1 trillion, that is, the figure doubled in just three months.

What is market capitalization?

This is the value of an object (security, company, or even a crypt) calculated based on the current market price. In our case, it is the total market value of tokens that are traded on the market.

Much credit for this record belongs to bitcoin, which accounts for half of the total value of all cryptocurrencies - $ 1.098 trillion.

But, despite the records, this market is notably in a fever: on April 7, the cue ball rate dropped to $ 55,600, which is why traders lost $ 613 million.

Ethereum, the second largest token by capitalization, made the market players pretty nervous, accounting for $ 241.7 billion. On Tuesday, April 6, altcoin (as all cryptocurrencies are called, except for bitcoin. - Note. "Secret") updated its historical maximum value above $ 2100, after which began to fall in price. And traders lost $ 283 million.

Binance Coin closes the top 3 in terms of capitalization with an estimate of $ 57.22 billion. Unlike its counterparts, this token is on the rise: on April 6, its price renewed its all-time high above $ 400. Back in early 2021, Binance Coin was trading at $ 38, so in four months it has risen in price by 955%.

A sharp increase in profitability is also noted for the XRP token - the cryptocurrency of the Ripple company has grown in price by 580% in three months and returned to the top 4 in terms of capitalization. Almost the same growth was shown by the IOTA token, which has risen in price by 573% over the past three months.

Which of them can you pay attention to?

1. Ethereum;
2. BNB Binance Coin;
3. Pact tokens ;
4. DOT Polkadot;
5. ADA Cardano;
6. UNI Uniswap;
7. EOS;
8. Compound (COMP);
9. IOTA;
10. Ripple XRP;

What is your forecast for the BTC / USD instrument?
or
makes another attempt to test the important resistance level at $ 40K. Over the past 24 hours, the benchmark cryptocurrency has grown by 4%, approaching $ 39K. It is too early to draw final conclusions, however, the renewal of the outgoing week's highs can be called a local victory for the bulls.

Over the past two weeks, there has been a sequence of declining peaks on the Bitcoin chart, and this attempt to break this trend should be considered a bullish signal. If it develops, by the end of the week we may see a clear revival of institutional buyers, followed by retail investors during the weekend.

Altcoins are supporting the first cryptocurrency in a quest to overcome the now-important $ 40K resistance level. The leading altcoin Ethereum (ETH) shows a 5% growth over the course of a day and is trying to return to $ 3K. Binance Coin (BNB) jumped 10% and is trading around $ 413.

The overwhelming mass of altcoins is now in the green zone. Thus, market participants can demonstrate their willingness to return to buying against the background of the belief that the recent market decline was still a deep correction and not a wide trend reversal.

Environmental movements and regulation have become the main drag on the current cryptocurrency rally. The current corporate culture implies the need to follow various global trends, including in relation to the environment. After all, if Elon Musk was forced to abandon support for bitcoin due to corporate pressure, it means that other large investors will have to take into account the opinion of the “greens” in their decisions, who consider Bitcoin “not environmentally friendly”.

Nevertheless, the more substantial legitimacy of the current rally due to the participation of large capital within the framework of legal schemes suggests that such issues will still be resolved in favor of continuing to make a profit.

Regulation also opens up an interesting field for analysis. Everyone knows China's position on cryptocurrencies. Beijing once again unambiguously indicated an exit for the cryptocurrency market. However, there are signs that Chinese investors are continuing to work, which speaks to us of the complexity and ambiguity of the current situation. The market has become significantly more global, and bitcoin was created precisely in order to bypass any firewalls.

All market participants come to understand that as a result, Chinese investors may not formally trade in China, miners can move to any other jurisdiction where it is cold and cheap energy, and the only really vulnerable place of cryptocurrencies is the need to be tied to national currencies. That is why the Fed and the ECB do not make loud statements, do not prohibit or threaten market participants, making it possible to build infrastructure.

The authorities of developed countries understand that they need more statistics to make decisions, in addition, China for them acts as a testing ground for an aggressive policy against cryptocurrencies. It can be assumed that in the current format the market will fully live another cycle of decline and growth, which opens up great opportunities for investors.

Source: Bitcoin could hit $100,000 by the end of 2021 .

The World Bank said it could not help El Salvador's authorities with the adoption of bitcoin due to the environmental impact of cryptocurrency mining and transparency concerns. Reported by Reuters.

The bank noted that the El Salvadorian authorities did indeed ask for help.

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“We are committed to helping El Salvador in a variety of ways, including by participating in the transparency of currencies and regulatory processes,” said a World Bank official.

El Salvador this month became the first country to accept Bitcoin as legal tender. President Naib Bukele proposed to legalize cryptocurrency. He believes that such a step will help citizens of the country living outside its borders to make transfers to their families. It is noted that such a step could affect the billion-dollar program of El Salvador with the International Monetary Fund.