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Kraken Daily Market Report for April 23 2022

Overview Daily spot trading volume: $313.2 million, 30 day average spot: $794.4 million. Total futures notional: $75.5 million. The top five traded coins were, respectively, Tether (0%), Bitcoin (-0.7%), Ethereum (-1.0%), USDC (0%), and ApeCoin (+8.6%). Strong returns from Kyber Network (+11%), Curve Dao (+7.4), and Phala Network (+17%...

Bitcoin Is About to Lose Key Support Area, Is $37K Incoming? (BTC Price Analysis)

Last week, the 50-day and 100-day moving average lines went through a bullish crossover; however, Bitcoin failed to continue the bullish momentum and experienced a price shakeout. Later in the week, the price recovered and made another attempt to break above the moving average lines, but quickly rejected and plummeted below the $40K mark...