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HomeCrypto NewsWhat Changed in Crypto Markets While You Were Sleeping — July 23

What Changed in Crypto Markets While You Were Sleeping — July 23

BeInCrypto presents our each day morning roundup of crypto information and market adjustments that you just might need missed when you have been asleep.

Bitcoin replace

After the bullish engulfing candlestick on July 21, BTC elevated barely the subsequent day, creating one other small bullish candlestick.

It’s nonetheless holding on above the $31,300 horizontal help space, which has now been reclaimed.

Technical indicators are exhibiting bullish indicators. The MACD has created two greater momentum bars however continues to be beneath 0, the RSI is rising and is nearly above 50, and the slope of the stochastic oscillator is progressively turning bullish, however there isn’t a bullish cross in place but.

The closest resistance space is the center of the vary at $35,900.

BTC range
BTC Chart By TradingView

Altcoin movers

The full cryptocurrency market cap is just below $1.38 trillion immediately. Most cryptocurrencies within the top-100 are seeing slight positive factors on the day — bitcoin is up 1% whereas Ethereum has added on 2.2% up to now 24 hours.

Axie Infinity is as soon as once more the highest gainer of the day. AXS is up by practically 30% immediately, persevering with the bullish pattern that started near the $15 worth level on July 20. AXS is at present buying and selling for $30.75 and has moved into the #52 place.

THORChain (RUNE) is down by practically 16% on the day within the aftermath of one other multi-million greenback hack on the DeFi protocol — the second in every week. RUNE is now buying and selling underneath $4 and is down by over 17% on the week.

In different crypto information

  • Cross-chain decentralized change (DEX) THORChain has been attacked for the third time this yr and the second time inside every week. The protocol stated that this time the determine misplaced was round $8 million and that the attack was carried out by a benevolent white-hat hacker that has requested a ten% bounty.
  • The U.S. Inside Income Service has amended a query associated to crypto taxes on the 1040 kind, making it clearer for taxpayers.


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