Visa Move Marks Another Very Positive Week for Crypto — Analysis, 5 Apr

We have just witnessed yet another very positive week for the cryptocurrency market from a fundamental point of view. On March 29th, VISA announced it would use the Ethereum blockchain to allow its customers to settle payments in cryptocurrency. For its cryptocurrency payments, VISA tested USDC — the second-largest stablecoin after USDT.On the next day, PayPal revealed they were working on a crypto checkout service to allow their customers to pay in Bitcoin, Ethereum, Bitcoin Cash, and Litecoin at millions of online merchants worldwide that accept PayPal.On March 31st, Goldman Sachs announced they would begin to offer Bitcoin and other cryptocurrencies later this year to the bank’s wealthy clients. With this in place, the crypto community expects an influx of institutional investors in the second half of the year.Last week it also became clear that Coinbase, the leading US crypto exchange, will go public on April 14th. The initial public offering (IPO) is expected to be one of the biggest IPOs among technology companies in the stock market. Some experts compare it with the hype of Facebook’s IPO in 2012.Such kinds of events are undoubtedly bullish for the crypto market. Many experts expect the positive effect to take place later this year. That is why major players are shifting money away from traditional financial assists into cryptocurrency. According to J.P. Morgan, institutional investors are choosing Bitcoin over gold:Source: TwitterAlthough the long-term fundamentals are very positive, in the short-term, the cryptocurrency market is still consolidating. At the time of writing, according to Coin360.com, one Bitcoin costs €48,750.13 (-0.56%), one Ethereum — €1,729.61 (-0.04%), and one LINK — €25.43 (-1.78%):Source: Coin360.com (Daily crypto market performance)Now, let us analyze the price charts of the leading cryptocurrencies in the most notable time frames.BTC/EURIn the monthly time frame (MN), in April, BTC/EUR formed another bullish…