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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 has been on the rise since June 22 after hitting a local low of $ 28,805. The ensuing rebound was preceded by bullish divergences in both the RSI and MACD signal line (blue lines). The next day, BTC hit a high of $ 34,881.
However, it has been declining since. While the bullish divergences have already played out, the technical indicators are bearish. The MACD and the RSI are both down. The first is negative while the second has fallen below 50. On top of that, the Stochastic Oscillator is very close to making a bearish cross (red circle).
The closest support and resistance levels are at $ 31,300 and $ 41,500.
Altcoins Movers
The total market cap of the cryptocurrency has remained broadly stable over the past two days. It currently sits at $ 1.38 trillion after hitting its lowest level in five months at $ 1.37 trillion on June 22. Bitcoin (BTC) climbed to nearly $ 35,000 yesterday, but was rejected and fell back to $ 33,250 at the time of going to press.
Klaytn (KLAY) has seen some revival, pumping 32% in the past 24 hours and placing him in 33rd position. TRON (TRX) and Quant (QNT) are also having good days, each gaining 16% on the day.
Livepeer (LPT) is the biggest loser today. The LPT is down over 12% in the past day and has fallen 7% so far this week. A handful of other DeFi-related cryptocurrencies like Aave, Maker, and Compound are also approaching 10% losses on this day.
In other crypto news
Ameer and Raees Cajee, two brothers behind the Africrypt platform, disappeared with $ 3.6 billion worth of BTC bought with investor funds.
Ethereum London’s long-awaited upgrade is approaching with the launch of the hard fork on testnet ahead of its full rollout next month. The upgrade will herald the implementation of the highly anticipated EIP-1559 change which will change the mechanism for calculating Ethereum transaction fees.
The US Department of Justice (DOJ) is recruiting an attorney for cases involving cryptocurrencies, as part of its broader efforts to monitor the crypto market for criminal activity.
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