BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
The daily time frame continues to provide a bullish outlook for BTC, mostly due to technical indicator readings.
The MACD is increasing and has given a bullish reversal signal and the RSI has completed a failure swing bottom. In addition, it’s generating a bullish divergence alongside an ascending support line (blue). Finally, the Stochastic oscillator is moving upwards and is relatively close to generating a bullish cross.
Therefore, the outlook from the daily time frame is bullish.
The total cryptocurrency market cap is still trending mostly sideways today in a move to $1.66 trillion. This is only slightly down from yesterday’s high of $1.67 trillion.
Apart from a few deviations, the altcoin market is doing well today. Binance Coin (BNB) is up 8% and has usurped Cardano (ADA) to claim the fourth rank. #6-ranked Dogecoin (DOGE) is up by over 20% on the day to send its market cap back over $50 billion.
Curve DAO Token (CRV), however, is the biggest altcoin gainer of the day so far. It’s up nearly 25% and is trading for $2.27 at the time of press. Internet Computer (ICP) has fallen out of the top-10 by market cap in a 3.3% loss on the day. ICP is now down by almost 26% in the past week.
In other crypto news
- Following a $6.2 million dollar flash loan exploit over the weekend, decentralize finance (DeFi) protocol Belt Finance has unveiled a compensation plan for the victims.
- India-based crypto exchange WazirX launched the first NFT marketplace in the country. The exchange, owned by Binance, will run on the Binance Smart Chain.
- The DeFiYield protocol unveiled a web archive of smart contract audits in what it claims is a world first.