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Bitcoin: new records for BTC and Ethereum
Bitcoin: new records for BTC and Ethereum
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Bitcoin: new records for BTC and Ethereum

By Federico Izzi - 14 Apr 2021

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On a historic day that saw the listing of the first exchange, Coinbase, on the Nasdaq financial market, the cryptocurrency sector recorded new absolute records, with bitcoin reaching $64,500 for the first time. 

coin360 20210414
Source: COIN360.com

Ethereum is doing even better, reaching $2,400 for the first time in its history, up more than 50% from its March lows and gaining more than 220% since the start of the year. 

The day of celebrations saw Ripple (XRP) touch the $2 mark for the first time in over three years.

DOGE 20210414

Dogecoin (DOGE) also celebrated, gaining 70% and flying for the first time to 14 cents, a record that when added to the performance of recent months records a gain of 2800% since the beginning of the year. 

Chainlink (LINK) also had a record-breaking day with a daily leap of 8%, breaking through the $38 mark for the first time.

The market cap advanced by leaps and bounds, rising above $2.22 trillion. Although bitcoin is moving below 54% dominance, BTC’s market cap reaches $1.2 trillion for the first time. 

In these hours the total altcoin capitalization (excluding bitcoin from the calculation) exceeds $1 trillion for the first time, precisely twice the highs of January 2018.

DeFiPulse 20210414

DeFi’s TVL climbs above $56 billion, with Compound pushing to $11.2 billion in value locked on its protocol.

BTC 20210414
Bitcoin chart by Tradingview

Bitcoin, new records 

Bitcoin travels to new all-time highs for the second day in a row, giving confirmation, a few days behind Ethereum, of the start of the new quarterly cycle. Since the lows of late January, bitcoin has gained over 120%. At the same level, the bullish trendline that joins the rising lows and accompanies the rise for about three months becomes the only level to observe and take as a reference, a level that passes just above $58,000. 

Ethereum chart by Tradingview https://it.tradingview.com/symbols/ETHUSD/
Ethereum chart by Tradingview

Ethereum, another all-time high 

Ethereum, after having violated the previous highs above $2,230 last weekend, is heading towards its next target at $2,630. The recent movement of Ethereum confirms the hypotheses developed in previous weeks, moving further and further away from the critical threshold of $1,900, the first warning level in case of reversal of the trend. 

 

Federico Izzi
Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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