See More

What Changed in Crypto Markets While You Were Sleeping — April 7

1 min
Updated by Kyle Baird
Join our Trading Community on Telegram

In Brief

  • Bitcoin was rejected by the $59,500 resistance area on April 6.
  • XRP is up 80% in the past two days.
  • Former BitMEX CEO Arthur Hayes has turned himself over to U.S. authorities.
  • promo

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 moving downwards since getting rejected by the $59,500 resistance area on April 6.

The decrease has been gradual, but technical indicators are still bearish. 

The MACD has crossed into negative territory and the RSI is at risk of falling below 50. 

The next closest support levels are found at $56,500 and $55,300.

BTC Six-Hour
BTC/USD Chart By TradingView

Altcoin movers

Altcoins have been on a roller coaster ride of price movements in the past 24 hours.

After an 80% gain over the past two days, XRP has jumped back into the fourth spot in terms of market cap. It’s currently trading for $0.97 with a $1.5 billion lead over the #5-ranked Tether (USDT).

Bitcoin Gold (BTG) has been the biggest altcoin gainer in the top-100. It’s trading at $106 after a 71% gain in the past 24 hours. BTG is up a grand total of 163% in the past week alone.

Although it was yesterday’s top gainer, Stacks (STX) is down 30% in the past 24 hours. It’s dropped back to the #67 position and is trading for $1.63.

In other crypto news

  • Arthur Hayes, co-founder and former CEO of the BitMEX exchange, has surrendered and will face charges relating to the failure to implement money laundering measures. A resident of Singapore, Hayes turned himself over to U.S. authorities. Following his surrender, he appeared in court in Honolulu, Hawaii.
  • Less than a week after its launch, the controversial Fei Protocol has already found a vulnerability in its code. The team was quick with a fix but it did not prevent the stablecoin from losing 20% off its peg.
  • The latest decentralized finance protocol to launch its own token is crypto wallet provider Instadapp. The project is also one step closer to its next big upgrade to Layer 2.
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Kyle-Baird.png
Kyle Baird
Kyle migrated from the East Coast USA to South-East Asia after graduating from Pennsylvania's East Stroudsburg University with a Bachelor of Science degree in 2010. Following in the footsteps of his grandfather, Kyle got his start buying stocks and precious metals in his teens. This sparked his interest in learning and writing about cryptocurrencies. He started as a copywriter for Bitcoinist in 2016 before taking on an editor's role at BeInCrypto at the beginning of 2018.
READ FULL BIO
Sponsored
Sponsored