BeInCrypto presents our daily morning roundup of cryptocurrency news and market changes that you may have missed in your sleep.
Bitcoin update
BTC has moved higher since July 20. After creating eight consecutive bullish candles, he finally created a doji candle with a slightly bearish close on July 29.
This was the third failed breakout attempt above the $ 40,500 horizontal resistance area, which is also the 0.382 Fibonacci Retracement Resistance Level.
Despite the rejection, technical indicators on the daily time frame remain bullish. Stochastic Oscillator has made a bullish crossover, the RSI has moved above 70, and the MACD is almost positive.
next resistance area is at $ 47,800. This is the 0.618 Fibonacci Retracement Resistance Level.
TradingView BTC chart
Altcoin Engines
Total cryptocurrency market capitalization fell 1% to the $ 1.59 trillion level. While bitcoin fell 4.2% over the course of the day, Ethereum actually added 1.2% in the last 24 hours. top 100 cryptocurrencies list is a mixed bag today, although most altcoins are suffering losses.
Bitcoin Cash ABC (BCHA) is the biggest winner of the day so far. BCHA is up 30% on the day and is trading at $ 36.32. Over the past week, BCHA has added over 42% in value and is now back in the top 100 by market capitalization.
Read also How to transfer from Binance to Coinbase?
SafeMoon (SAFEMOON) is the biggest loser of the day, down 19.4% in the last 24 hours. SAFEMOON fell to the level of $ 0.0000021, a three-month low price for the token.
In other crypto news
- US Congressman Don Beyer has presented a new bill that seeks to regulate the cryptocurrency market, with the aim of protecting investors and encouraging innovation.
- Iran recently encountered problems with blackouts and power outages that have been attributed to new bitcoin mines in the region.
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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