Forex. Trading forecast and signals for cryptocurrencies for today April 21
The price of Bitcoin has recovered to the level of $56,500. Ethereum rose to the level of $2,300, and the price of XRP reached $1.37. The total capitalization of the digital currency market was $2.06 trillion.
Against the background of a rapid drop in hashrate caused by power outages in China, the average commission on Bitcoin network exceeded $60. The last time such a high indicator was observed at the end of 2017 — at the peak of the last upward cycle of the market. Along with the growth of commissions, the hashrate of Bitcoin is decreasing. The drop in the non-averaged value for two days was 46%. The decrease in the total computing power of the network with the same complexity led to an increase in the interval between blocks to 15 minutes. While the complexity of the network of the first cryptocurrency remains at an all-time high. Analytical cryptocurrency services predict a decrease in the indicator by 5.7% based on the results of the upcoming recalculation of the complexity, which will take place approximately in 12 days.
Consulting company The PricewaterhouseCoopers released a report in which it called The Bahamas the most advanced state in terms of developing state-owned cryptocurrencies. The report presents the results of the work of analysts who studied the level of development of national cryptocurrency projects in various countries. The data shows that more than 60 central banks are involved in the race to issue a digital currency. State-owned cryptocurrencies can change the rules of the game and provide access to alternative payment solutions to citizens and corporations. At the same time, the Bahamas took the first place in the rating with a score of 92 out of 100 points. This is not surprising, because the island nation launched the digital currency Sand Dollar back in October 2020. The researchers stressed that Sand Dollar is available to any citizen of the Bahamas, not only through a mobile app, but also through a physical payment card. You can also use the digital currency for microloans. Cambodia came in second, and China came in third.
Trading Signals for Cryptocurrencies: Bitcoin, ETH and XRP
In the forecast, the price of Bitcoin is expected to rise to the levels of 56800, 57000 and 57500 US Dollars. Ethereum will strengthen to the levels of 2320, 2350 and 2370 USD, and XRP - to the price values of 1.38, 1.40 and 1.42 US Dollars.