OSL Daily Update - April 16, 2021
$BTC 24 Hour High $63,484
$BTC 24 Hour Low $62,036
$BTC +0.83% in past 24 hours
Asset manager ARK Invest decided to grab even more crypto exposure yesterday, but not through direct allocations into cryptocurrency. Instead, ARK bought 750,000 $COIN shares after the Coinbase public listing, making their stake worth ~$245M based on today’s closing price of $325.45. Crypto remained front and centre in traditional market news, even after the euphoria of Coinbase subsided. AXA Insurance announced a new payment option for their services: Bitcoin. AXA had been eyeing digital assets since 2019, when they conducted a survey asking clients aged 18-55 years old about their investment habits with crypto. More than a third of their policyholders owned them, and now, it seems they’re making it even easier to pay premiums or acquire new products from the French giant.
Digital assets market:
- $BTC up 0.50% on the day, support/resistance - $63,000/$65,000
- $BTC liquidations and funding: $87.26M, 0.054% average
- $ETH is up 1.30% on the day, support/resistance - $2,430/$2,800
- $ETH liquidations and funding: $70.25M, 0.084% average
Alts and DeFi watch:
- DeFi TVL: $59.78B
- $DOGE up 70% since previous day
- $CRV up more than 25% since previous day
- $FLM up 15% in the first 15 minutes of the trading day
More news that caught our eye:
OSL Trader View is contributed by Santiago Nazaretti and Jose Reyes
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