BeInCrypto presents our day by day morning roundup of crypto information and market modifications that you simply might need missed when you have been asleep.
Bitcoin had been shifting upwards since June 22. On the time, it had reached a low of $28,805. The following bounce induced it to reclaim the $31,400 horizontal help space.
On June 29, BTC reached a excessive of $36,600 earlier than falling sharply. It’s at present buying and selling close to $32,800.
Technical indicators within the day by day timeframe are bearish. The MACD is near giving a bearish reversal sign (pink icon) and its sign line is beneath 50. The RSI is beneath 50 and reducing whereas the Stochastic oscillator has made a bearish cross.
The primary resistance space is discovered at $40,550. This goal is a horizontal resistance stage and the 0.382 Fib retracement stage.
The whole cryptocurrency market cap has dipped again to $1.4 trillion as we speak. It’s now nearer to the vary lows of $1.33 trillion after briefly touching a neighborhood excessive of $1.75 trillion on June 15. Most cryptocurrencies within the top-100 are down barely over the previous 24 hours.
The one altcoin within the top-100 that has gained greater than 10% prior to now day is XDC Community (XDC). It’s up by greater than 13% on the day and has gained a whopping 60% prior to now week.
However, Bitcoin Money ABC (BCHA) is down nearly 10% prior to now 24 hours. It has almost slipped out of the top-100 and is at present sitting on the #96 place.