BeInCrypto presents our daily morning roundup of cryptocurrency news and market changes that you may have missed in your sleep.
Bitcoin update
Following the bullish engulfing candle on July 21, BTC rose slightly the next day, creating another small bullish candle.
It is still holding above the $ 31,300 horizontal support area, which has now rebounded.
Technical indicators show bullish signals. MACD has created two higher momentum bars, but it is still below 0, the RSI is rising and is almost above 50, and the slope of the Stochastic Oscillator is gradually turning bullish, but there is no bullish crossover yet.
closest resistance area is in the middle of the $ 35,900 range.
TradingView BTC chart
Altcoin Engines
total cryptocurrency market capitalization is slightly less than $ 1.38 trillion today. Most of the cryptocurrencies in the top-100 are posting slight gains throughout the day: bitcoin is up 1%, while Ethereum is up 2.2% in the last 24 hours.
Axie Infinity is once again the top winner of the day. AXS is up nearly 30% today, continuing the uptrend that started near the $ 15 price on July 20. AXS is currently trading at $ 30.75 and has entered position no. 52.
THORChain (RUNE) was down nearly 16% the day after another multi-million dollar DeFi protocol hack, the second in a week. RUNE is now trading below $ 4 and is down more than 17% for the week.
Read also Kraken tries to include Shiba Inu (SHIB) on November 2
In other crypto news
- decentralized cross-chain exchange (DEX) THORChain came under attack for the third time this year and the second time in a week. protocol stated that this time around $ 8 million was lost and that the attack was carried out by a benevolent white hat hacker who requested a 10% reward.
- US Internal Revenue Service changed a cryptocurrency tax question on Form 1040, making it clearer for taxpayers.
Disclaimer
All information on our website is published in good faith and for general information purposes only. Any action taken by the reader on the information found on our website is strictly at your own risk.
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