Crypto Brief – April 5th 2021
News
Coinbase, the largest U.S. cryptocurrency exchange, plans its trading debut on April 14 https://t.co/xZYMRn4JYo $COIN
More on @crypto: https://t.co/zgtrcNHE6m pic.twitter.com/nlySFDOoaU
— Bloomberg Crypto (@crypto) April 5, 2021
Crypto and blockchain startups reportedly raised $2.6 billion in Q1 2021; already 13% more than in all of 2020. https://t.co/c5G971stoJ
— Cointelegraph (@Cointelegraph) April 5, 2021
Gucci, other luxury fashion brands are poised to launch NFTs: Reporthttps://t.co/HwjhSoJjPi
— The Block (@TheBlock__) April 5, 2021
BoJ Begins 1st Phase Of Experiment On Central Bank Digital Currency – Kyodo https://t.co/AXbRuezy3P
— LiveSquawk (@LiveSquawk) April 5, 2021
Charts
Google searches for “ethereum” reached all-time highs this quarter, even beating the frenzy of 2017. Not so for bitcoin – they are still below indexed levels of that crazy period. A sign of a leadership shift, or just catching up? pic.twitter.com/VflHQ37kt3
— CoinDesk Research (@CoinDeskData) April 2, 2021
We've officially crossed 100+ billion dollar crypto networks for the first time ever.
source: https://t.co/MGnlFAPIRq pic.twitter.com/wbgIqvo5xi
— Ryan Selkis (@twobitidiot) April 5, 2021
According to @skewdotcom, BTC's 30d correlation to gold is negative again, after being positive for most of 2020. pic.twitter.com/c4xBpUu6eG
— CoinDesk Research (@CoinDeskData) April 2, 2021
Analysis
Updating our previous update, #Ethereum has now skyrocketed to ANOTHER new #AllTimeHigh of $2,143. Our $ETH data provides a textbook 101 example of why:
1⃣ Rising daily new addresses created
2⃣ Rising address activity
3⃣ Declining exchange depositshttps://t.co/MyaqQcRFdx pic.twitter.com/nvmr4FNRxa— Santiment (@santimentfeed) April 3, 2021
#Bitcoin is on the cusp of crossing a $60,000 market value once again. And whether it does so or not in the next few days, #cryptotwitter is showing some major skepticism at this range. Historically, this level of doubt only propel $BTC further upward. https://t.co/J04Y8Et3n1 pic.twitter.com/sr4J9lj5FI
— Santiment (@santimentfeed) April 2, 2021
Our 2021 Q1 Quarterly Review looks at the evolution of crypto markets, with both on-chain and off-chain data. For instance, funding rates – for BTC, they’ve been consistently positive over Q1, highlighting the bullish sentiment. https://t.co/QPcPUi6mOS pic.twitter.com/ioGMZmnOyy
— CoinDesk Research (@CoinDeskData) April 2, 2021
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