What Changed in Crypto Markets While You Were Sleeping — May 28

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In Brief
  • Bitcoin (BTC) is fighting to make a higher low to sustain any bullish momentum.

  • Helium (HNT) is the day's biggest altcoin gainer.

  • WisdomTree has filed for an Ethereum ETF in the United States.

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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.

Bitcoin update

BTC has been increasing since May 19, when it reached a low of $30,000. It managed to reach a local high of $40,841 on May 26. However, it has been falling since.

Despite the drop, technical indicators are turning bullish. The MACD has given a bullish reversal signal and created four successive higher momentum bars. The RSI is increasing, looking to make its second higher low. Finally, the Stochastic oscillator is showing signs of moving upwards. 

UNI Bounce
BTC Chart By TradingView

Altcoin movers

The crypto markets are struggling this morning. The total market cap has dipped another 5% back to $1.6 trillion after reaching a local high of $1.77 trillion on May 26.

Every cryptocurrency in the top-50 is in the red today except for THETA, which is trading up 9% on the day. However, Helium (HNT) is the biggest altcoin gainer of the day so far. HNT is up by 15% and is currently trading for $17.18.

Yesterday’s biggest altcoin gainer, Enjin Coin (ENJ), is today’s biggest loser. ENJ is down by more than 18% on the day and back to trading at $1.55. This isn’t too bad, however, when considering ENJ is still up by over 67% since its weekly open at $0.93.

In other crypto news

  • The largest decentralized finance (DeFi) protocol, MakerDAO, has revealed its scaling strategies for moving forwards in a multi-chain environment.


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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