According to the Financial Times, Andreessen Horowitz, a large investment company, plans to launch a new cryptocurrency fund that will raise $450 million.
In its note, the Financial Times refers to “two people familiar with the situation.” According to them, it is expected that money for the new cryptocurrency fund will be collected next week. At the same time, it is planned to raise at least $450 million. The maximum amount has not yet been established.
Representatives of the investment company did not comment on the news. However, given that in 2018, Andreessen Horowitz launched a similar fund for $300 million, the note looks true.
Andreessen Horowitz is one of the largest investment firms investing in the cryptocurrency industry. The company funded the Coinbase cryptocurrency exchange, Libra and Polychain projects, and contributed to the development of decentralized financing projects such as Maker, Compound, and dYdX.
Last fall, Andreessen Horowitz launched a special training course for entrepreneurs, which will talk about the launch of cryptocurrency startups.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin rose to the resistance level of $6,700. After that, it dropped to the support level of $6,700. Now, the price of bitcoin is $6,740. In the future, we predict the continuation of the downtrend. The nearest resistance levels are $6,770, $6,900, $7,200, $7,450, $7,660, $8,000, $8,020, $8,140. The nearest support levels are $6,700, $6,400, $6,100, $6,000, $5,780, $5,450, $5,000.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum grew to the resistance level of $162. After that, it fell to the support level of $159. Now, the price of ethereum is $157. In the future, we predict the continuation of the decrease. The nearest resistance levels are $157, $161, $166, $169, $174, $176, $183, $200. The nearest support levels are $155, $153, $150, $142, $140, $137.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple rose to the resistance level of $0.19. After that, it fell to the support level of $0.1990. Now, the price of ripple is $0.1820. In the future, we predict the continuation of the downtrend. The nearest resistance levels are $0.19, $0.1950, $0.2050. The nearest support levels are $0.1820, $0.1770, $0.1750, $0.1680, $0.1570.
