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:
- China aiming for Digital Yuan use by 2022
OSL Trader View is contributed by Santiago Nazaretti and Jose Reyes
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