▫️#BTC (daily timeframe): Bitcoin encountered selling pressure upon reaching the $40,500 trading level. Buyers stepped in as the asset declined to $39,500. The Volume Balance Line returned above the Exponential Moving Average (EMA) 21, indicating strengthening bullish positions. After surpassing $40,500, the next obstacle is the $42,700 trading level.
Breaking through this zone is crucial for the continuation of Bitcoin’s local uptrend to $44,500 – $45,000. I anticipate a reversal of price movement with an update to the local minimum on the descent to the lower boundary of the Ichimoku Cloud at $37,400. It’s essential to monitor the price reaction at the $42,700 trading level. If unable to solidify above this mark, the asset may anticipate a continuation of the correction.
▫️#ETH: The ascending momentum of Ether was halted by selling pressure around $2,265. Ethereum retraced to $2,200, where buying activity intensified. In the near term, I expect a breakthrough of the local resistance at $2,265.
▫️Dinari, a platform involved in real-world asset tokenization (RWA), successfully completed its seed financing round, securing $10 million in investments.
The funding round concluded in the last quarter of 2023, with startup investors including 500 Global, Version One, Sancus Ventures, Alchemy, and former Coinbase CTO. The Dinari team has already launched twenty tokenized dShare products on the Arbitrum platform, representing tokens tied to the value of stocks, exchange products, real estate, and other assets.
Platform representatives shared plans to expand their range of financial instruments. Tokens based on the stocks of American mining company Riot Platforms, payment firm Block Jack Dorsey, and ten spot Bitcoin ETFs registered in January will be introduced in the near future.
In my view, the launch of twenty tokenized products by Dinari on the Arbitrum platform indicates that a business model focused on tokenizing various assets can be successful. This could serve as a catalyst for other companies to consider a similar approach, contributing to further development in the RWA sector. Overall, this news highlights positive trends in the development of real-world asset tokenization and demonstrates that projects in this sector can attract significant investments and support from industry giants.
▫️Altcoins: The announcement by the Lisk platform (#LSK) about plans to launch its own L2 network this year led to a 35% rise in #LSK against #USDT.
The listing of Artificial Neural Network (Ordinals) (#AINN) on the LBank exchange resulted in a 30% increase in #AINN against #USDT.
News of the Helium mobile network (#HNT) launching in Mexico and Oaxaca led to a 24% increase in #HNT against #USDT.
▫️The US stock market closed Wednesday’s trading mixed, with the oil and gas, technology, and finance sectors strengthening. Negative dynamics in the telecom, utilities, and raw materials sectors influenced the course of exchange indices. At the New York Stock Exchange’s closing, Dow Jones decreased by 0.26%, the S&P 500 index grew by 0.08%, and the NASDAQ Composite index rose by 0.36%.
▫️The cryptocurrency market capitalization increased by 0.6% in the last 24 hours, and Bitcoin’s dominance rose by 0.2%. Today at 16:30, GDP data for the fourth quarter of 2023 in the US will be published. If the actual figures fall below expectations, the market may observe a weakening of the dollar. This could positively impact high-risk assets.