The cryptocurrency market is currently experiencing the same decline of traders’ interests as the world of fiat currencies. They take interest in growth when the external fundamental background is stable and risks are “smoothed”. However, there is not much fundamental news at the beginning of April but here’s something worth paying attention to.
The virus spreading across the globe has been the main market driver for several weeks. It seems like since 2014 there has not been anything similar, influencing both the worlds of fiat and crypto money.
The Tron cryptocurrency has been trying to stabilize and even grow during the last couple of days, but the optimistic movements remain scarce. The TRX is clearly lacking an impulse. It is balancing around $0.0163.
A Week on the Market: Dollar Fears Not, Pound at Its Minimums
Bitcoin has stopped rising by Thu Feb 21, trading around $3,908.37. The current setup is best shown on H1, where the latest upside movement stopped near the current channel resistance.