First Mover: Bitcoin Breaks Out, Near $58K, After Visa Announces USDC Move
  Everything you need to make sense of the crypto markets and beyond By the CoinDesk Markets Team - Edited by Bradley Keoun March 29, 2021 Sponsored by  (Price data as of March 29 @11:00 UTC) Good morning. Here's what we're writing about:
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Market Moves by Omkar Godbole 
Bitcoin Breaks Out, Near $58K, After Visa's USDC Move Bitcoin is rising in the wake of payments giant Visa announcing support for USD Coin (USDC), a stablecoin whose value is pegged to the U.S. dollar.
The biggest cryptocurrency by market value is trading higher on the day, near $58,000 at press time, with the daily chart showing a bullish breakout out from a two-week-long descending channel identified by trendlines connecting March 14 and March 20 highs and March 16 and March 25 highs.
Prices have risen by nearly $2,000 since Reuters early today reported Visa's decision to allow the use of stablecoin USDC to settle transactions on its payment network.
 Bitcoin daily price chart, showing breakout from trend. (TradingView/CoinDesk)
--Omkar Godbole
Read the original story here: Bitcoin Breaks Out, Near $58K, After Visa Adds Support for Stablecoin USDC
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Technician's Take by Damanick Dantes Bitcoin Rallies From Support, Resistance Around $60K Bitcoin (BTC) held support around $50,000 after registering an oversold signal on the four-hour relative strength index (RSI). The next level of resistance is seen around $60,000.
 Bitcoin's four-hour chart shows a bounce after the RSI indicator signaled oversold conditions. (TradingView/CoinDesk) --Damanick Dantes
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ICYMI In case you missed it, here's this past Friday's episode of "First Mover" on CoinDesk TV:
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A message from CoinDesk  CoinDesk's Christine Kim and Will Foxley, along with Consensys' Ben Edgington, present a weekly podcast series on the live development of Ethereum 2.0 and its potential impact on the crypto markets.
In each episode, the team discusses major news events related to Eth 2.0 from addressing skepticism to the consequences of node slashing, and gives updates on the status of CoinDesk's own Eth 2.0 validator.
Listen to Mapping Out Eth 2.0 every Thursday on the CoinDesk Podcast Network.
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