BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin update
On April 28, BTC reached the 0.5 Fib retracement level when measuring from the all-time high price, found at $55,900.
It was promptly rejected, beginning the current downward movement.
So far, the price has reached a low of $52,330. It’s very close to touching the descending resistance line from which it broke out over prior.
Technical indicators are showing weakness. The MACD has created four successive lower momentum bars and the RSI is close to dropping below 50.
Altcoin movers
The total crypto market cap is closing in on its all-time high this morning. At the time of press, it’s sitting at a value of $2.12 trillion.
The cryptocurrency top-10 rankings have remained unchanged since yesterday, however, Bitcoin Cash (BCH) is now just $4 billion from overtaking Litecoin (LTC). The respective third and fourth-ranked Binance Coin (BNB) and XRP saw nice boosts in price in the past 24 hours. BNB is close to making a new all-time high and has a market cap just under the $100 billion mark.
Venus (XVS) is the current top altcoin gainer of the day. It’s up 30% on the day and 90% in the past week. The move was enough to propel XVS into the #92 spot and is trading at $112.
Chiliz (CHZ) is the day’s biggest lose thus far. It’s down nearly 6% on the day but in the past week CHZ has still added more than 52%.
In other crypto news
- Alex Oh, head of enforcement at the United States Securities Exchange Commission (SEC) has stepped down from her role just days after being appointed.
- Peter Schiff had many criticisms of the US government, the dollar, and bitcoin in a new interview this week.
- Decentralized finance (DeFi) protocol Notional Finance is the latest to attract big venture capital investments with the announcement of a $10 million seed round.
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