BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
The daily chart shows a bullish outlook for BTC. It followed up a bullish engulfing candlestick on June 13 with another smaller bullish candlestick the next day. So far, it has managed to reach a local high of $41,100.
When measuring the most recent portion of the decrease, the $41,125 area is the 0.382 Fib retracement level. In addition, it’s a horizontal resistance area, increasing its significance. The next resistance level is found at $44,775. This target is the 0.5 Fib retracement level.
Technical indicators are decisively bullish. The MACD is positive and the RSI has increased above the 50-line. Furthermore, the Stochastic oscillator has already made a bullish cross (green icon). All these signs indicate that an eventual breakout is likely.
The total cryptocurrency market cap is up by 3% today to $1.74 trillion. This is now only $100 billion away from the June 3 local high of $1.84 trillion. Nearly every asset in the top-100 is up today amid a broad market recovery that saw bitcoin (BTC) briefly move above $41,000 for the first time since the end of May.
On June 14, Amp (AMP) was the top altcoin gainer, and it’s in first place once again today. AMP is up by nearly 22% in the past 24 hours and is currently trading at $0.082. AMP is now up 94% in the past seven days and has moved into the #29 position.
LEO Token (LEO) is by far the biggest loser of the day. LEO is down by over 14% in the past 24 and is trading for $2.38. For comparison, no other cryptocurrency in the top-100 is down by more than 1% at the time of press.
In other crypto news
- MicroStrategy will sell up to $1 billion worth of its stock to buy more bitcoin, according to a form published on June 14.
- Goldman Sachs is planning to offer futures and options contracts for Ethereum (ETH), according to the head of its digital asset division.
- An official with the Central Bank of Nigeria (CBN) told local news sources that the bank is hoping to launch a central bank digital currency (CBDC) “before the end of the year.”