OSL Daily Update - April 20, 2021 

$BTC 24 Hour High $57,532
$BTC 24 Hour Low $54,200
$BTC -7.50% in past 24 hours 

Aside from the 12% rebound since yesterday’s crash, the aftermath has been relatively calm. $BTC was range bound between $57,620 and $54,150 for most of the day with signs of weakness as the day progressed. 

In digital asset news, British politician Rishi Sunak is said to launch a task force with the Bank of England to work on a potential CBDC. On the topic of CBDC’s, big four audit firm PwC has ranked the Bahamas as the leading nation in development for retail CBDCs - scoring the sun-baked nation 92 out of 100 on their CBDC global index - an index designed to measure a Central bank’s level of maturity  in deploying their own digital currency. . 

 
Digital assets market:

  • $BTC down 1.6% on the day, support/resistance - $54,000/$57,600
  • $BTC liquidations and funding: $305M, 0.01% average
  • $ETH is down 2.75% on the day, support/resistance - $2,030/$2,280
  • $ETH liquidations and funding: $110M, 0.01% average

 
Alts and DeFi watch:

  • DeFi TVL: $55.32B
  • $IOST down 14% on the day
  • $TRX broke the low set during the weekend crash, down 10% on the day

 
More news that caught our eye:

 

OSL Trader View is contributed by Santiago Nazaretti and Jose Reyes

 


 

OSL is Asia’s most comprehensive digital asset platform providing brokerage, exchange, software-as-a-service and insured custody solutions to professional investors.

Home to one of the world's largest and most experienced digital asset trading desks, OSL has its finger on the pulse of the market. The Trader View newsletter is a short, easily digested summary of market activity and eye-catching news of the day.

Feedback is important to us, and we’re keen to learn more about the types of insights and intelligence that matter to you most. Please share your thoughts with us.

And be sure not to miss future OSL news and insights by following us on TwitterLinkedinFacebook, and Telegram.

 

 

Please refer to OSL's relevant disclaimers and disclosures associated with this note, including restrictions on redistribution.

SHARE: