Bitcoin Price Slides Further As Bulls Lose Control, $29K Still In Play.

Bitcoin Price Dips Further

Bitcoin price struggled to stay in a positive zone above the $30,500 level. BTC extended its decline and moved below the $30,000 support zone.

The bears were able to gain strength and pushed the price toward the $29,200 support zone. A low is formed near $29,123 and the price is now consolidating losses. Bitcoin is now trading below $30,000 and the 100 hourly Simple moving average.

Immediate resistance is near the $29,450 level. It is near the 23.6% Fib retracement level of the downward move from the $30,555 swing high to the $29,123 low. There are also two bearish trend lines forming with resistance near $29,550 and $30,150 on the hourly chart of the BTC/USD pair.

A move above the trend line resistance might call for a test of $29,800. The next major resistance is near the $30,000 zone. It is close to the 61.8% Fib retracement level of the downward move from the $30,555 swing high to the $29,123 low.

A close above the $30,000 resistance and the trend line might start another increase. In the stated case, the price may perhaps rise toward the $30,500 level. The next key resistance is near the $31,200 level.

More Losses in BTC?

If Bitcoin’s price fails to clear the $30,000 resistance, it could continue to move down. Immediate support on the downside is near the $29,250 level.

The next major support is near the $29,000 zone. A downside break and close below the $29,000 support might push the price further lower. In the stated case, BTC might decline toward the $28,400 support.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $29,250, followed by $29,000.

Major Resistance Levels – $29,450, $29,800, and $30,000.

Hello to everyone! We want to share good news. In the near future, a new company logo will be added, as well as a redesign of the main page of the website and the addition of languages, your account will become even more convenient to use.

Our team is also working on a number of updates, one of which will be the mobile app!

We look forward to presenting you the fruits of our efforts.

Sincerely, Gold Unicorn!

Over the past few weeks, Bitcoin has continued to appreciate steadily and has already passed the $30,000 mark. The cryptocurrency is now trading in the $30,100 to $30,300 range.

The total capitalization of the global crypto market is $1.24 trillion, and its growth over the past 24 hours was 1.14%. This confirms that the market of digital currencies restores confidence and becomes more stable.

Many experts believe that the reason for the growth of Bitcoin is the limited number of coins - a total of 21 million BTC will be issued. In addition, many investors see cryptocurrencies as an alternative to traditional fiat currencies and an effective tool to protect their own assets against inflation.

The growth of the market has been positively influenced by corporate players, who have begun to recognize Bitcoin as an additional form of investing and storing money. Companies such as Square and Tesla are investing hundreds of millions of dollars in cryptocurrencies. This is another indicator of the growing confidence in this market segment.

The current growth of the cryptocurrency market was expected and it opens up opportunities for additional profits. By investing with Henbbo, you'll be able to earn without taking risks.

Henbbo - smart investment will change your life!

The Dutch startup Airturb has developed a 500W hybrid wind-solar power system that can be used in both residential and autonomous applications. This system is an innovative solution that can help reduce dependence on traditional energy sources and provide cleaner energy.

The Airturb system consists of a vertical-axle wind turbine with a modified Savonius spiral shape and a base with four monocrystalline solar panels. The turbine has dimensions of 1.8 m x 1.14 m x 1.14 m and weighs 70 kg, and each solar panel has a power of 30 W. This allows the system to provide power up to 500 W.

The solar base consists of a structure made of galvanized steel and rubber. It has dimensions of 1.14 m x 1.14 m x 20 mm and weighs 35 kg. It can accommodate four 30W solar panels each. At the same time, other types of solar panels can be placed on the base.

A key element of the Airturb system is the DualVolt hybrid inverter with an output power of 500 W, which allows the system to use the energy produced by both wind turbine and solar panels. The device has dimensions of 540 mm x 430 mm x 139 mm and weighs 25 kg. It should be placed separately on the facility, with a maximum distance to the system of 25 meters.

Airturb CEO Serkan Kilić noted that the system was developed taking into account the load on the roof, which is 131 kg/m2. In addition, he stressed that the system can operate at temperatures from -25 C to 60 C, which allows it to be used in various climatic conditions.

The full package, including a solar base and a DuoVolt wind inverter, costs 4,235 euros ($4,626). According to the company, investing in such a system can pay off in 4-5 years due to energy savings.

In addition, the Airturb system can be used as a backup power source in case of accidents and unforeseen situations when conventional power supplies are turned off.

The Dutch startup Airturb is also actively working to improve its system to make it even more efficient and easy to use. The company plans to release a new version of the system, which will be equipped with smart technologies that allow you to manage its operation from anywhere in the world via the Internet.

Investors of Henbbo fund have already appreciated the possibility of payments by Visa and Mastercard using the ePayCore service. The usage of this payment system on our platform steadily grows because transactions via it have a number of advantages.

The main advantage of ePayCore is low transaction fees. Its services support other payment systems, bank cards and popular cryptocurrencies.

Henbbo Foundation efficiently uses corporate opportunities of cooperation with ePayCore in order to provide our investors with the most favorable conditions of the service.

Take advantage of the promo offer from Henbbo and ePayCore and get an extra bonus +5% to your deposit. Bonus is credited when you use the ePayCore payment system. These funds are available for withdrawal right after the end of the staking period according to the conditions of the chosen tariff plan.
The promotion is valid till April 15, 12:00 GMT.

Henbbo - smart investment will change your life!

Hello, we want to inform you that scammers (Solarion) appeared on the network who copied the design of our website and thus deceive people, these scammers also use photos of the CEO of our company for their deception, namely, they tell people that Denis Milanovsky is the director of their company .

Gold-Unicorn is not affiliated with this fraudulent website and we urge you to be vigilant and not fall victim to scammers.

Thank you for your attention and take care of yourself.

Ether ETHUSD prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin BTCUSD market dominance.

According to data from the analysis site btctools.io Ether’s market share climbed to 19.8%, an over 1.1% boost in the last 24 hours while Bitcoin's dominance slid by just under 1%. Since the beginning of the year, ETH dominance has increased by 7.6%.

Bitcoin’s market dominance has fallen to 47.7% as Ethereum’s market share increased. The post-Shapella ETH rally has knocked BTC off an almost two-year high in terms of market share.

BTC's market share tapped 48.8% on April 12 following its rally to $30,000, the highest it’s been since July 2021 when it came just shy of 50%. Additionally, BTC has not been over 50% dominant since April 2021.

Bitcoin's dominance remains up 13.6% since the beginning of the year, according to TradingView data.

The market share rise in both BTC and ETH has been at the expense of altcoins, most of which have been lackluster during the recent rally of the two top coins.

Bitcoin and Ether combined represent around 68% of the total crypto market. Roughly 10% is stablecoins meaning the other 10,800 or so tokens, as listed on the price analytics platform CoinGecko, have a combined share of just 22%.

Market dominance is calculated by looking at an asset’s market capitalization compared with the total crypto market cap which is currently at an eleven-month high of $1.33 trillion.

ETH prices have surged 10.25% over the past 24 hours. As a result, the asset tapped an eleven-month high of $2,122 during the April 14 morning Asian trading session according to Cointelegraph data.

Ether momentum has been driven by a successful Shapella upgrade on April 12 which released staked ETH on the Beacon Chain.

BTC has managed a 2% gain on the day reaching an intraday high of $30,862 during the April 14 morning Asian trading session.

Currently, the world's leading states are assessing the possibility of introducing national digital currencies and the difficulties and risks associated with it. At the same time, other countries are already making decisions to recognize cryptocurrencies as official means of payment at the state level.

El Salvador in 2021 became the first country in the world where Bitcoin was recognized as an official means of payment. Citizens of the country can now pay with cryptocurrency for any goods and services.

The next country after El Salvador, which will legalize cryptocurrency at the state level, will be the Central African Republic (CAR). This decision was made after the discussion of the issue in the National Assembly, which has already approved amendments to the relevant law.

The debate in the legislature of CAR was held behind closed doors. After their conclusion the president of the country Faustin-Archange Touadera supported the opinion of the Central Bank of the need to recognize the cryptocurrency as a legal tender, on a par with the Central African franc (CFA).

The government of the Central African Republic will also revise the current law. Several changes have already been made to its new text, which parliamentarians are still working on. Unlike the original version, which obliged any economic agent to accept cryptocurrencies as a means of payment when buying goods or services, the new law is more guided by the consent of the parties.

Henbbo - smart investment will change your life!

The second-largest cryptocurrency by market value has gained over 3% since the upgrade, while market leader bitcoin has added less than 2%, CoinDesk data show. The ether-bitcoin ratio has risen over 2.5%.

“We’re seeing a ‘sell the rumor buy the fact’ redux. ETH underperformed BTC with uncertainty around the upgrade and potential supply dynamic from the unlock. Now the risk event has past, no substantial selling pressure, market can unwind short hedges and rebalance towards to ETH,” David Brickell, director of institutional sales at crypto liquidity network Paradigm, told CoinDesk.

Heading into the pivotal hard fork, analysts were divided on how the backward-incompatible upgrade would influence ether's price, with some anticipating an investor rush to liquidate holdings.

The selling pressure, however, is likely to be less than what the market initially feared, according to North Rock Digital’s founder Hal Press.

“There was a large backlog of 15k [validators] waiting to enter the exit queue, which did so in a linear fashion. Now that they have been processed its flatlined. Puts us on schedule to clear the queue in ~2 weeks and is in line with my earlier estimate of ~$300m of total sell pressure,” Hal Press tweeted.

“This is still much more bullish than my baseline assumptions from a couple weeks ago," Press added.

Overall the demand for unstaking ether has been moderate, as a sizable portion is currently held at a loss. The biggest unstaker so far has been Kraken, which is shutting down its staking service for U.S. users as part of a settlement with the Securities and Exchange Commission.

"Over 77% of ETH being withdrawn has been from the exchange Kraken and the majority of withdrawn ETH by validators outside of this is rewards, not rewards plus original stake. This is a more constructive than the market had potentially anticipated," Lewis Harland, portfolio manager at Decentral Park Capital said.

"With withdrawal restrictions in place and liquid staking derivatives like Lido not implementing withdrawals until May, we think the market is realizing they over indexed on the upgrade concerns allowing for ETH to finally test the $2,000 level once again," Harland added.

Liquid staking solution Lido makes up around 31% of all ether deposits. So far 108,402 ETH have been unstaked, according to data source Nansen.

Year-to-date, ether is up 65.25%, compared to bitcoin, up 82.04%.

Henbbo cryptocurrency fund is constantly developing and exploring new markets for its services. Certainly one of the largest and most promising regions is the crypto market in China.

This is especially relevant against the background of the relaxation of rules for trading crypto-assets on licensed platforms, announced by the chief financial regulator of Hong Kong (SFC). Many members of the cryptocurrency community took this as a step towards full legalization of cryptocurrencies and one of the reasons for the growth of the Asian segment of the cryptocurrency market.

Henbbo management is not only closely following the trends of the Chinese crypto market, but is also actively getting involved in it. And to make this work as effective as possible, Henbbo is opening its new representative office in the suburbs of Shanghai.

One of the most modern business centers - Hongqiao Vanke Center - was chosen to house our Chinese office. It is an ultra-modern complex that has already become the heart of a new business district near the already quite congested center of Shanghai.

The new office occupies two floors and is divided into several functional areas. On the second floor there are offices for managers, a comfortable work zone for employees and separate meeting rooms, which are equipped with everything necessary for conducting online conferences as well.

On the first floor there is a rest zone with a spacious buffet and a cozy kitchen. Here our employees can recuperate and hold joint events. There is also a small gym on the first floor to keep all staff good fit and healthy.

Opening a representative office in China will make it much easier for regional customers to access our services. Based on the mid-term analysis, thanks to such comprehensive work on entering the Chinese market, we expect to get an increase in investments by the end of the year at the level of 20-25%. As well as a noticeable increase in joint projects with new Chinese partners of the fund.

HENBBO - smart investment will change your life!