The legal and regulatory status of bitcoin">Bitcoin and other cryptocurrencies is something that needs to be dealt with—and now, according to Bitcoin skeptic and JPMorgan boss Jamie Dimon.
Dimon, who famously called Bitcoin a “fraud” back in 2017, made the comments in a letter to shareholders today.
“There are serious emerging issues that need to be dealt with—and rather quickly: the growth of shadow banking, the legal and regulatory status of cryptocurrencies, the proper and improper use of financial data, the tremendous risk that cybersecurity poses to the system, the proper and ethical use of AI, the effective regulation of payment systems,” he wrote.
The CEO of one of the world’s largest banks also said that “regulators need to decide what they want included in the regulatory system—and what they don’t want included,” stressing how complex regulation in the US currently is
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Cryptocurrency traders and investors in the US today awoke to significant losses across the market. Bitcoin dropped by more than 5%, falling as low as $55,800, bringing Ethereum, the second biggest crypto asset my market cap, down with it.
Ethereum today shed more than 7% to its price, losing a week's worth of gains. ETH is currently trading for $1,948 per token.
And as Ethereum goes, so goes the DeFi market.
DeFi, short for “decentralized finance,” is a catch-all term that describes a collection of non-custodial, peer-to-peer">peer-to-peer financial products. This includes lending, borrowing, and trading services that function without the need for a middleman, like a bank. Many of these platforms have their own crypto tokens—which throughout 2020 have skyrocketed in price. Source

XRP price saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market cap has renewed its focus on the creation of a cross-border payment network that is inclusive and sustainable.
Data from Cointelegraph Markets and TradingView shows that XRP dropped to a low of $0.566 in the early hours on April 4 before a wave of trading volume helped lift its price to a high of $0.877 within the last few hours.
As seen in the chart above, the VORTECS™ Score for XRP climbed into the green and registered a high of 67 on March 31, roughly four days before the price began to spike.
The VORTECS™ Score has also risen significantly alongside the price increase on April 5, reaching a high of 84 at the time of writing. Previous backtesting of the VORTECS™ system indicates that based on its rising score, that the price of XRP may still have further upside to go as trading and Twitter volumes continue to show significant increases. Source

The crypto market seems to be once again heating up, with Bitcoin (BTC) flirting with the $60,000 mark for almost a week now. However, despite its bullish outlook, the flagship crypto has failed to steer clear of the aforementioned price range with any sort of conviction, even though it did break through once, albeit for a brief period of time.

Regardless, analysts, such as Filbfilb, co-founder of trading suite DecenTrader, and Willy Woo believe that with the Coinbase IPO looming large on the horizon, Bitcoin seems primed for big things in the near term, especially as the premier crypto continues to exhibit seven-day gains of over 13%.

On the subject, Filbfilb recently stated: “We may see increased volatility around this time period of the 14th April. I do think that we are on the brink of a strong breakout.” He also later pointed out that the bears are still in play, hence the volatility may not just be to the upside.

Similarly, Woo is of the opinion that Bitcoin will continue to rise for at least some time before the old hodlers offload their assets to pocket some decent gains. Not only that, regardless of what may happen in the future, Woo believes that Bitcoin will not be closing below the $46,400 mark anytime soon. Source

$60K and a rally away from testing the previous ATH of $61,636. There has been a lot of bitcoin discussion potentially reaching its top in March mainly due to the declining market dominance of the top cryptocurrency that fell below 60% for the first time since the start of this bull season. However, on-chain metrics including exchange outflow of BTC, institutional outflow, and more importantly the realized prize of BTC shows a strong bull case.
A popular crypto analyst who goes by the name of William Clemente III pointed towards strong consolidation and price discovery between $55k – $60k. The price point is strongest since $11K last year. If bitcoin manages to get past this phase the next target could be $72K. Source

Key Support Levels: $1800, $1755, $1700
Key Resistance Levels: $1820, $1875, $1900.

Last week, Ethereum had dropped from resistance at $1875 as it fell into the support at $1545 (.618 Fib). This support was further bolstered by the lower angle of a symmetrical triangle pattern, which helped it to rebound on Friday.

The cryptocurrency toyed with the $1700 level over the weekend until it broke higher yesterday to breach resistance at $1755 (bearish .618 Fib) and climb above $1800. It is now facing resistance at the upper angle of a symmetrical triangle pattern. Source

The "Kimchi premium" is back. Bitcoin (BTC) is trading more than 6% higher across major South Korean crypto exchanges as of March 29.
Data from CryptoQuant shows that the premium in the South Korean market was nonexistent for many months and, in fact, dropped to around -6% in early February when BTC dipped below $30,000.
The so-called Kimchi premium forms when the price of Bitcoin trades higher on South Korean exchanges than other markets.
The return of this premium is a bullish sign suggesting that demand for Bitcoin in South Korea is likely outpacing supply.
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Ether has recovered after plunging to the low of $1,546. Immediately, the bulls buy the dips as the biggest altcoin reached the high of $1,696 at the time of writing.

Buyers are making frantic efforts to push the altcoin above the moving averages. This will propel price to rise on the upside. Alternatively, if buyers can push Ether above the $1,800 support, it will signal the resumption of the uptrend.

Nonetheless, the upward move is presently facing résistance at the high of $1,725. If ETH/USD turns from the recent resistance, the bears will attempt to break the current support. This will sink ETH to either $1.440 or $1,320 low. Conversely, if the current bullish momentum is sustained and the minor resistances are cleared, a retest at the $2,000 overhead resistance is likely. Source