[뉴욕 코인시황/마감] Bitcoin 50K support line “Looks at 60K” … Binance Coin surges

[뉴욕=박재형 특파원] # Bitcoin $5 million solid..$6 only look forward # Bitcoin resistance line support

In the cryptocurrency market on the 9th (local time), most of the stocks ended on an uptrend, with many of the major stocks continuing a sharp rise during the week.

Eight of the top 10 stocks have risen, and 90 of the top 100 have green lights indicating an increase.

# Binance Coin continues to surge

According to CoinMarketCap, the price of bitcoin was $5,4319.02 at 4 p.m. New York time, up 5.83% from the previous 24 hours.

Ethereum rose 3.50%, Binance Coin 19.80%, Cardano 5.56%, Polkadot 10.41%, XRP 0.07%, Litecoin 6.13%, Uniswap 1.76%, and price fell.

At this time, the market capitalization of the cryptocurrency market was $1,686.7 billion, and the share of Bitcoin was 60.2%.

# Futures market continues to rise

The Chicago Merchandise Exchange (CME) bitcoin futures price also continued to rise. March, which is the most actively traded, rose by $2,620 to $54765, April to $55,355, up by $2,650, and May to $55,800, up $2525.

The Ethereum futures price rose by $60.75 in March to $1847.00, and in April by $68.50 to $1878.50, and May by $80.50 to $1910.50.

# Switch to Bitcoin resistance line support

Bitcoin is rising above $54,000, and its trading volume is around $52 billion.

After Ethereum surpassed $1,800, the uptrend slowed slightly, while Binance Coin continued its intraday surge of 15%-20%.

Cryptobriefing predicted that if Bitcoin, which has turned the decisive resistance level to the support level, remains above $50,000 for the time being, it could rise to $61,000 as buying pressure increases around the current price level.

Glassnode co-founder Rafael Schulze-Craft said more than 1.2 million BTC (about 6.5% of the Bitcoin distribution supply) traded for around $50,000, creating a strong level of support.

According to BeinCrypto, bitcoin holdings of cryptocurrency exchanges have reached the lowest level in two years, while institutional investors’ buying trend is increasing and the supply pressure of bitcoin is intensifying.

Glassnode explained that the supply pressure of bitcoin has been going on for the longest time ever, and the main reason is that long-term holders are not selling bitcoin even if the bitcoin price falls unlike in the past.

Glassnode pointed out that maintaining a long position by institutional investors is also increasing the supply pressure of bitcoin.

According to CryptoBriefing, after the start of Binance’s staking service, which allows users to deposit their BNB tokens on Binance and earn an annual interest rate of 8.49% to 27.49%, BNB prices continued to surge during the intraday.

The US New York Stock Exchange rose 0.1% for the Dow, 3.69% for the Nasdaq and 1.42% for the S&P 500.