[뉴욕 코인시황/마감] Most of the trend continues to rise … Bitcoin fluctuation pattern repeatability

[뉴욕=박재형 특파원] # Increased rate of increase in most cases # Rising futures market # Likelihood of repeating bitcoin fluctuations

On the 1st (local time), the cryptocurrency market ended with a strong rise in most stocks compared to the morning.

All of the top 10 stocks have risen, and 93 of the top 100 have green lights indicating an increase.

# Most of the rise increases

According to CoinMarketCap, the price of bitcoin was $48,271.29 at 4 p.m. New York time, up 9.84% from the previous 24 hours.

Ethereum 10.34%, Cardano 2.71%, Binance Coin 21.78%, Polkadot 5.57%, XRP 6.73%, Litecoin 5.59%.

At this time, the market capitalization of the cryptocurrency market was $1,470.1 billion, and the share of Bitcoin was 61.1%.

Source: Coin Market Cap (as of March 1st, New York time at 4pm)

# Futures market uptrend

The Chicago Merchandise Exchange (CME) bitcoin futures price also continued to rise. March, which is the most actively traded, rose by $2110 to $48,353, April to $2,250, up to $49,955, and May to $2355 to $49,970.

The Ethereum futures price rose by $59.00 in March to $1516.00, in April by $54.00 to $1540.00, and May by $84.25 to $1586.25.

# Bitcoin fluctuation pattern repeatability

In the cryptocurrency market, most stocks continued to increase intraday.

Bitcoin continued its uptrend at the $48,000 level, and its trading volume remained at the $55 billion level.

Ethereum is rising above $1,500, and Binance Coin continued its rapid rise during the intraday.

Cardano, which carried out network upgrades on the day, showed a somewhat slower uptrend compared to other major stocks.

According to AMBCrypto, cryptocurrency analyst Michael Van Defov said that a similar move would be repeated as Bitcoin fell to $43,000 after being blocked by the recent $48,000 resistance and then returned to the $48,000 level due to buying pressure. It is possible, and in the process, it is expected that there is a possibility of a temporary plunge of around 20%.

He pointed out that if Bitcoin fails to maintain its current support level of $45,000, it could fall from $37,000 to the $40,000 range.

Meanwhile, in the cryptocurrency market on this day, positive movements of major institutions related to bitcoin continued, adding strength to the uptrend.

Reuters said the investment bank Goldman Sachs will restart the cryptocurrency trading desk and start trading bitcoin futures. According to sources familiar with the matter, Goldman Sachs is expected to start trading bitcoin futures and offshore futures for users starting next week.

In addition, in a recent note titled’Understanding Bitcoin’, Jurian Timmer, head of global macro at Fidelity, said that some investors, along with other alternatives, used Bitcoin as a component of the bonds portion of the portfolio of 60% stocks and 40% bonds Insisted that you might want to consider it.

The US New York Stock Exchange rose 1.95% for the Dow, 3.01% for the Nasdaq, and 2.38% for the S&P 500.