Market Wrap: Bitcoin Stuck Below $60K; Cardano’s Sixfold 1Q Gains Led CoinDesk 20
$60K is a key psychological level that has also proven a formidable stopping point during this year’s powerful rally.
Commodities
The price gain came amid new signs of growing mainstream adoption of bitcoin and other cryptocurrencies.
The oldest cryptocurrency is looking at a price support level around $54,000, with resistance around $60,000.
Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.
Market Wrap: Bitcoin Futures Premium Rises Again Despite Bitcoin’s Relatively Flat Performance
Apr 6, 2021
Bitcoin traders are increasing their bullish bets in futures markets – and taking more risk.
As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year.
Commodities
