We’re closing out the first complete week in historically bullish April, but the markets gave a mixed performance, with Bitcoin dropping down to 55.5k before returning to its previous range on Thursday.
Equities markets did better, however, with the S&P 500 pushing into new all-time highs. In spite of Bitcoin’s lackluster performance, however, there was no shortage of bullish news that could have an impact on the market long-term, as it seems that every week brings with it a new round of institutional investors and mainstream payment services taking strides into crypto.
Here at NewsCrypto, the highlight of the week was definitely our partnership with Travala, the world’s leading crypto-friendly travel platform with over 150,000 active monthly users. This will enable all existing and future Travala users to have access to over three million travel products and exclusive deals and discounts if they pay with NWC tokens.
Travala is also partnered with all the biggest names in travel, such as Expedia, Priceline, Agoda, Booking.com, Tripadvisor and many others, meaning that the potential reach of this partnership will be far greater than just the existing user base.
We also released a new tool for our platform, which will help users gain an edge on intermarket relationships. The upgraded Correlation tool shows users the correlation between each of the top cryptocurrencies and Bitcoin, Ethereum, the Binance DeFi index, gold, the dollar index and the S&P 500.
This gives traders a much broader overview of the market, as it goes beyond correlations within the crypto markets by letting traders know how particular cryptocurrencies react to changes in the equities and forex markets. Intermarket relationships have always been an important factor in my own analyses, so I’m proud to present an intuitive, comprehensive and simple tool that will give access to this data to all of our users.
Overall, it sure was an interesting week, and we’re all looking forward to seeing what the rest of the month will bring. Thank you for reading this and good luck in the markets!
Vid Gradišar, NWC CEO