Cryptocurrency Market Overview on 04/04/2022

There were no significant changes in the cryptocurrency market during the weekend. Most coins demonstrate consolidation waiting for the news that can prompt investors the prospects for the development of the cryptocurrency market.

Global stock markets on Monday show mixed movements amid talk of new sanctions against Russia over its invasion of Ukraine, while bond yields continue to rise, indicating the risk of a hard  situation in the US economy. China’s economy continues to suffer losses due to covid restrictions.

New warnings from the Australian Securities and Investments Commission (ASIC) about the proper behavior of financial influencers could have a significant impact on the local crypto industry.

The Bitcoin price movement did not present any surprises over the past weekend. As expected, the quotes showed a consolidation within the range between the levels of 45.000 and 48.000. Taking into account the lack of strong news that can become a driver of movement, no significant price changes are expected during today’s trading. The most likely scenario is the continuation of movement within the current range.

Iron Fish
Daily market analysis with Love to Crypto.