BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
BTC made another attempt at moving upwards on July 8 but created another long upper wick. It has fallen slightly since, so far reaching a low of $32,530.
It has been trading relatively close to this level since June 21.
Technical indicators are undecided. The RSI is at the 50-line and the Stochastic oscillator is undecided between making a bullish or bearish cross. Similarly, the MACD has lost its strength but is still positive.
BTC is still trading inside the same range between $31,300 and $40,550. The latter target is the 0.382 Fib retracement resistance level.
The total cryptocurrency market cap is down nearly 7% today after making some headwinds earlier this week. Since June 22, the market cap has been moving in a tight range between $1.3 trillion and $1.5 trillion. It’s currently sitting near the middle of this range at $1.42 trillion.
Only a handful of altcoins in the top-100 are experiencing gains on the day. Among these, Flow (FLOW) is performing the best, adding more than 18% in value in the past 24 hours. FLOW is also one of the top gainers of the week, up nearly 60%.
On the other side of the spectrum, KuCoin Token (KCS) has lost more than 21% today. However, despite the pullback, KCS is one of the top performers in the past week, adding nearly 52% in value.
In other crypto news
- Argentina’s National Deputy for Mendoza, José Luis Ramón, has announced a new bill that would see employees in certain sectors receive salaries in cryptocurrency.
- The Reserve Bank of New Zealand has begun a consultation for revamping its cash and currency system, and this includes reviewing a potential central bank digital currency (CBDC).
- The crypto division of Robinhood expects to pay a minimum of $10 million to New York regulators for alleged violations relating to cybersecurity and anti-money laundering.
The post What Changed in Crypto Markets While You Were Sleeping — July 8 appeared first on BeInCrypto.