Exclusive What Changed in Crypto Markets While You Were Sleeping — April 2

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In Brief
  • Bitcoin managed to move above $60,000, but the highs could not be sustained.

  • Helium (HNT) has been the biggest altcoin mover, up by nearly 30% trading for $14.11.

  • Coinbase will be listed on NASDAQ under the ticker “COIN” on April 14.

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BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.

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Bitcoin Update

The daily chart shows that BTC has been increasing since March 25. Yesterday, it briefly broke $60,000 before retracing slightly. 

However, BTC has yet to reach a close above the $59,500 resistance area. It has not done so since it reached an all-time high on March 13.

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Nevertheless, technical indicators are bullish. This is evidenced by the bullish reversal signal in the MACD and bullish cross in the Stochastic oscillator.

Therefore, the trend is likely bullish and BTC is expected to reach a new all-time high price.

BTC Chart By TradingView

Altcoin Movers

The crypto top-10 by market cap remains unchanged this morning. Filecoin (FIL) has retained its #10 rank but is down 6% while the rest of the market enjoys some relief. Chainlink (LINK) is now less than $200 million from overtaking FIL and returning back to the top-10.

Helium (HNT) has been the biggest altcoin mover in the top-100. At the time of press, HNT was up by nearly 30% trading for $14.11. HNT has been on fire, gaining 75% in the past week alone.

AscendEX (BTMX) is today’s biggest loser so far. It’s lost 13% in value in the past 24 hours and is down by more than 22% this week.

In Other News

  • Coinbase has officially declared that it will go public via a direct listing. The exchange made the announcement via a blog post published on April 2. The listing will take place on NASDAQ under the ticker “COIN” on April 14.
  • A DeFi report from The Defiant revealed that deposits in Ethereum-based DeFi protocols more than doubled from $16.6 billion at the start of the year to $37.7 billion. This trounces the fourth quarter of 2020 by 90%.
  • The synthetic derivatives Opium Network platform unveiled plans to introduce what it calls optimistic oracles. Working with Gnosis and the Universal Market Access (UMA) platform, Opium is seeking safer oracles for DeFi use-cases that require off-chain data.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
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Kyle migrated from the East Coast USA to South-East Asia after graduating from East Stroudsburg University. He began trading and writing about cryptocurrencies in 2016, and has been an avid investor in stocks and precious metals since his teens.

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