MicroStrategy Stock Made ATH
MicroStrategy stock hit an all-time high of $1,909, according to Yahoo Finance on Tuesday. After this peak, the stock price fell to $ 1863 and increased by 0.49% in the last 24 hours. The company’s intraday market value was approximately $31.67 billion. This increase in share value coincided with MicroStrategy purchasing an additional 9245 Bitcoins worth $623 million on March 19. This purchase increased their total Bitcoin holdings to approximately 214,250.
Fifth Largest Bitcoin Whale Transferred $6 Billion BTC
This past weekend, the fifth richest Bitcoin address moved $6 billion worth of assets to three different wallets. The move comes amid growing institutional interest, perhaps driven by the upcoming halving in April. According to the Arkham company, the address, which was funded with 94,500 BTC ($6.05 billion) in 2019, was split and distributed to three new addresses last weekend. As a result, only 1.4 BTC ($99,000) remained in the first wallet.
UK Treasury Publishes a New Report on Fund Tokenization
The UK Treasury has published a new report by its Technology Working Group on the possible applications of fund tokenisation. The study focused on the role of tokenized funds in the onchain investment market and the use of tokens as collateral for money market funds. The research explained how UK-based businesses can implement a basic tokenization model and how the fund industry can successfully leverage the potential of tokenization for the asset management sector. He also described a number of application scenarios that demonstrate how this model can improve business operations for businesses. Examples were included, such as managing collateral more efficiently for money market funds.
Visa Token Service Reached 1 Billion Tokens
On March 26, Visa announced that over the past year, its payment services in the Asia-Pacific region processed more than 1 billion tokens, generating a $2 billion increase in the market. Launched in 2014, Visa Token Service acts as a link between digital payment services such as Apple Pay and Google Pay and information from traditional bank accounts. Essentially, VTS uses a secure digital token instead of the traditional 16-digit credit card number that customers use to make purchases. Customers can now share their financial data without revealing personal or banking information. VST operates on the company’s private network called VisaNet, which can process more than 56,000 transaction messages per second, according to company documents.
Worldcoin Ordered to Stop Collecting Biometric Data in Portugal
Worldcoin has been ordered to stop collecting biometric data by a regulator in Portugal. According to the report, Portugal’s data regulator, CNPD, stated that ‘there is a high risk to citizens’ data protection rights, which justifies urgent intervention to prevent serious harm’. He also informed that ‘more than 300,000 people in Portugal have provided their biometric data to Worldcoin’.
Re-entry into Spot Bitcoin ETFs
While there was a total outflow of $887 million from spot Bitcoin ETFs last week, when we examine Monday’s data, we see that the outflow series has ended and there is an inflow of $15 million. While the highest inflow was on the FBTC side with 261 million, there was an inflow of 35 million on the IBIT side. On the GBTC side, the outflow continues, with an outflow of 350 million dollars taking place on Monday.
Sonic Upgrade from Phantom
Fantom Foundation is preparing to release Sonic, an upgrade that will increase transactions per second (TPS) to 2,000 and improve DeFi support. This upgrade, expected to be available in late summer or early autumn, aims to provide common features for Layer-1 and Layer-2 chains. The upgrade is expected to support more than 180 million daily transactions with instant confirmation, representing a tenfold increase in processing capacity.
New Crypto SMA Accounts from Franklin Templeton
Fund giant Franklin Templeton, which has more than $1 trillion in assets under management, announced on Tuesday that it has launched a ‘separately managed account’, known as SMA, for Bitcoin and Ethereum. SMAs offer a nuanced approach to investing by providing investors with greater customization in terms of asset diversification and tax optimization strategies. In the crypto space, SMAs offer investors exposure to a range of assets that go beyond Bitcoin.
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BITCOIN(BTC)
BTC is priced at $70,452 with a 0.66% gain in value as of the morning hours. Technical indicators suggest an uptrend in the short term. The $69,500 and $68,850 levels stand out as strong support levels. A fall in price below these levels could indicate a short-term correction. On the other hand, the $72,000 level appears as a strong resistance level. The price breaking above this level could help BTC reach the $74,000 target.
ETHEREUM(ETH)
ETH is priced at $3611 with a 0.67% gain in value as of the morning hours. Ethereum has trended sideways in the last 24 hours and is currently trading at 3612. Technical indicators suggest an uptrend in the short term. The 3490 and 3410 levels stand out as strong support levels for Ethereum. A fall in price below these levels could indicate a short-term correction. On the other hand, 3625 and 3680 levels appear as important resistance points. If the price breaks these resistance levels, it may enable it to reach the 4000 target.
RIPPLE(XRP)
As of the morning hours, XRP is priced at $0.6298 with a 0.30% loss in value. XRP is following a horizontal course at 0.6336 after its stagnant course in the last 24 hours. Technical indicators show an upward trend in the short term. XRP has solid support levels at 0.6143 and 0.5830. A fall in price below these levels raises the possibility of a short-term correction. On the other hand, if the 0.6530 and 0.6720 resistance levels are exceeded, XRP can be expected to push the 0.80 target. Breaking these resistance levels may pave the way for the upward trend to gain momentum.
AVALANCHE(AVAX)
AVAX is priced at $56.11 with a 0.59% gain in value as of the morning hours. The 54.00 and 53.00 levels appear as solid support levels for AVAX. A fall in price below these levels raises the possibility of a short-term correction. On the other hand, if the 58.65 and 60.50 resistance levels are exceeded, AVAX can be expected to push the 70 target. Breaking these resistance levels may pave the way for the upward trend to gain momentum.
SOLANA(SOL)
SOL is priced at $189.35 with a 0.59% depreciation as of morning hours. When we examine the hourly chart, we see that it looks similar to the head-and-shoulders (OBO) formation. This image can be followed even if the left shoulder does not fully touch the neckline. In case of a pullback, the $197 level can be followed as support. In upward movements, $192 appears as the resistance zone. If this area breaks upwards, a move up to $196 may be possible and the formation will be cancelled.
CHAINLINK(LINK)
As of the morning hours, LINK is priced at $19,810 with a 0.99% loss in value. When we examine the hourly chart, with the upward break that took place yesterday, there was a movement up to the $ 20,500 region and there was a downward selling pressure from this region. For now, we see a descending image. In case of a pullback, the $19,600 region can be followed as support. In upward movements, the $20 level can be followed as resistance.
PNG
As of the morning hours, PNG is priced at $0.4686 with a 12.79% gain in value. When we examine the four-hour chart, we see that there is movement towards the $0.48 resistance area. If this area breaks upwards, the $0.53 level can be tested. In case of a withdrawal, the $0.455 level can be followed as short-term support.
SRM
SRM is priced at $0.0655 with a 4.47% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is a horizontal movement between the $0.058 and $0.067 levels. These two levels can be followed as main support and resistance zones. If the $0.067 level, which is the resistance zone in upward movements, is broken, there may be a movement towards the $0.07 region. In case of a withdrawal, the $0.062 region can be followed as support.
