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BeInCrypto presents our daily roundup of crypto news and market changes that you may have missed in your sleep.
Bitcoin Update
Bitcoin fell slightly the day after hitting $ 35,500 in the early morning hours of June 25. Despite the price rebound, BTC is still trading below a descending resistance line drawn from May 10th. In order to overcome this resistance. BTC should move with confidence and close above $ 37,500. At the time of going to press, bitcoin was trading at $ 34,225.
There is a crucial horizontal support area still in place which was formed in early 2021. If BTC falls below this level, it will likely test lower support levels in the range of $ 25,500. at $ 27,000.
Altcoins Movers
The total crypto market cap rose just over 2% on the day and currently stands at $ 1.41 trillion. Since falling below $ 2 trillion on May 19, market capitalization has moved in a range of $ 1.83 to $ 1.31 trillion.
Most cryptocurrencies are trading relatively flat on this day, but a handful in the top 100 perform quite well. Nano (NANO) is the best winner of the day so far. Its rise of nearly 14% on the day despite a loss of 15.5% last week. Dogecoin (DOGE) and THORChain (RUNE) have also increased in value by over 10% in the past 24 hours.
Yesterday’s best winner, Klaytn (KLAY) has become today’s biggest loser. KLAY is back at $ 1.02 after losing 9% so far.
In other crypto news
Salvadoran President Nayib Bukele has unveiled a new digital wallet for Bitcoin, claiming that citizens will receive $ 30 after downloading it.
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