What Changed in Crypto Markets While You Were Sleeping — April 21

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In Brief
  • BTC is following a descending resistance line.

  • Dogecoin (DOGE) drops 19.75% in 24 hours.

  • The IRS released a memorandum clearing up doubts surrounding forked assets.

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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

BTC has been moving downwards since reaching its all-time high of $64,854 on April 14. 

Despite the low of $50,931 on April 18, the quick bounce back has had BTC trading near the $55,000 level.

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BTC is following a descending resistance line. The line currently coincides with the 0.5 Fib resistance at $57,960. 

Chart By TradingView

While previously bearish, technical indicators are supporting a reversal. The MACD has given a bullish reversal signal and the RSI is increasing. 

This shows signs of a possible breakout at BTC attempts to regain ground.

Altcoin movers

The top-10 crypto market cap rankings are much the same, with most seeing percentage gains over the last 24 hours.

Celo (CELO) is the biggest altcoin mover trading at $6.01, a gain of 44.76% at the time of publishing.

Dogecoin (DOGE) received a massive boost over the last week, up 157.18% However, it was the biggest loser over the last 24 hours, with a 19.75% drop. It is currently trading at $0.3297.

This reduction also resulted in a drop to sixth place for Dogecoin, with Tether (USDT) taking back its spot at fifth.

In other crypto news

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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After working in news and lifestyle journalism, Leila decided to bring her interest in cryptocurrencies and blockchain to her day job. She now runs the Features and Opinions desk at BeinCrypto which fits perfectly with her enthusiasm for crypto's social and political impact.

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