What Changed in Crypto Markets While You Were Sleeping — July 2

BeInCrypto presents our each day morning roundup of crypto information and market adjustments that you just might need missed when you have been asleep.

Bitcoin replace

Bitcoin had been transferring upwards since June 22. At the time, it had reached a low of $28,805. The ensuing bounce brought on 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 the moment buying and selling close to $32,800.

Technical indicators in the each day timeframe are bearish. The MACD is near giving a bearish reversal sign (crimson 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 fundamental resistance space is discovered at $40,550. This goal is a horizontal resistance stage and the 0.382 Fib retracement stage.

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Altcoin movers

The complete cryptocurrency market cap has dipped again to $1.4 trillion at this time. It’s now nearer to the vary lows of $1.33 trillion after briefly touching an area excessive of $1.75 trillion on June 15. Most cryptocurrencies in the top-100 are down barely over the previous 24 hours.

The solely altcoin in the top-100 that has gained greater than 10% in the previous day is XDC Network (XDC). It’s up by greater than 13% on the day and has gained a whopping 60% in the previous week.

On the opposite hand, Bitcoin Cash ABC (BCHA) is down nearly 10% in the previous 24 hours. It has almost slipped out of the top-100 and is at the moment sitting on the #96 place.

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About the Author: Daniel