The exchange rate of bitcoin and other cryptocurrencies continues to grow and today the market capitalization has surpassed the $ 300 mark. However, the increase in volume is largely due to higher prices for altcoins, since since the beginning of the year the PTS dominance indicator has decreased from 68.2% to 61.7%. Over the past 30 days, the cryptocurrency market capitalization has grown by 41.7%, from $ 216.7 billion to $ 307.2 billion, and since January 1, the market value has increased by 61%. According to analysts, this increase is justified by a number of reasons. First of all, this is due to the stable growth of the MTC exchange rate, which traditionally pulled other coins and tokens. At the time of publication, the MTC is trading at $ 10,427 and has added 1.13% over the past 24 hours. It is possible that the market has already begun to prepare for the May Halving, since many representatives of the crypto industry and analysts are actively discussing this topic. So far, the market situation seems stable and under the control of the bulls.
TripAdvisor's (NASDAQ: TRIP) annual earnings were $ 0.38 per share, exceeding analysts' expectations for a $ 0.34 result. The key hotel segment, Hotel, Media and Platform, generated $ 194 million in revenue (-6% YoY), while Experiences & Dining, which provides information on restaurants and tourist reviews, generated revenue of 109 million (+ 16%). Total revenue fell 3%. The largest decrease in revenue (- $ 32 million, or -30%) was noted in the segment providing for the purchase of airline tickets and car rental. Hotel, Media and Platform EBITDA increased by 4%, reaching $ 73 million; in the Experiences & Dining segment, it decreased by 22% to $ 7 million; under Other, it increased by 50% to $ 12 million. TripAdvisor's net profit grew by 39% , up to $ 53 million. Cash from operations increased by 5% to $ 424 million. Free cash flow decreased by 1% to $ 341 million. The company ended the year without debts.
The rating agency Weiss Ratings believes that now Bitcoin has excellent investment attractiveness, therefore, assigned it an A- rating. The company claims that the attractiveness of the first cryptocurrency, as an investment tool, has increased due to improved fundamental indicators and positive dynamics of the course in anticipation of halving. Analysts expect that a decrease in the remuneration of miners will create a deficit in the market, which will lead to an additional increase in the price of the asset. At the time of publication, the MTC exchange rate increased by 38% compared with the beginning of the year, and fluctuates at $ 10 thousand. Last spring, Weiss Ratings assigned B- to Bitcoin, putting it on par with XRP and EOS.
The price of bitcoin fell by $ 300 after two failed attempts by the bulls to break through the resistance level near $ 10,500. During the day, the PTS rate gradually increased, but when trying to storm the nearest resistance level, the price dropped from $ 10,500 to $ 10,100 in just an hour. After a few hours, the bulls made another attempt to restore lost positions and pass the intended line, but again failed. Further correction softened the fall a little and over the past 24 hours the loss is about 1%. At the time of publication, bitcoin is trading at $ 10,290. Although the general trend is still upward, after an unsuccessful assault, buyers' interest temporarily declined. Bears can take advantage of this, so it is possible that they will fall to the level of $ 9,900- $ 10,000. If the bulls can keep the situation under control, another storm of $ 10,500 will take place soon.
US stock indexes on Tuesday held in the "green" zone, although they moved away from the highs of the day. Contributions to a positive market sentiment were made by reports that the number of new cases of coronavirus infection was slowing down, as well as the view that monetary policy would remain favorable due to the risks associated with the same virus. Fed Chairman Powell said in a speech to Congress that the Fed is “closely monitoring” the situation. Meanwhile, oil today gained more than 1%, recovering from a 13-month low. WTI for March delivery is trading at $ 50.22 a barrel. Gold is down 0.7%.