What Changed in Crypto Markets While You Were Sleeping — June 1

What Changed in Crypto Markets While You Were Sleeping — June 1
фото показано с : beincrypto.com

2021-6-1 11:24

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.

Bitcoin update

The month of May was bearish for BTC, recording a loss of 35.59%. This was the second-highest monthly decrease ever recorded, only trailing that of November 2018, when the price decreased by 37%.

Technical indicators provide mixed readings. 

In the two previous bull cycles, the RSI made two tops in the overbought territory prior to the end of the bull run. In the current phase, it has only made one top. 

However, an RSI cross below 70 marked an end to the bull cycle in both 2013 and 2017 (red icons). Currently, the monthly RSI has just crossed below 70. 

BTC Chart By TradingView Altcoin movers

The total crypto market cap has regained 5% to $1.64 trillion today amid a slight recovery. At the time of press, every cryptocurrency in the top-50 is in the green on the day. The fifth-ranked Binance Coin (BNB) is less than $800 million from overtaking the #4 spot from Cardano (ADA).

Today’s biggest altcoin gainer is Kusama (KSM). The altcoin is trading up 14% on the day is up by 10% over the past week.

Helium (HNT) is the biggest altcoin loser, though it’s only down by 1.7%. At the time of press, HNT was only one of four cryptocurrencies in the top-100 that were experiencing a loss on the day.

In other crypto news The 0x platform has expanded into the Polygon ecosystem to bring Layer 2 scaling to decentralized exchange liquidity aggregation. Matter Labs has launched a testnet for the second iteration of its zkSync scaling solution, which has taken another step towards solving the Ethereum blockchain trilemma. South Korea’s first crypto exchange is bringing another first for the country with the launch of its non-fungible token (NFT) marketplace.

The post What Changed in Crypto Markets While You Were Sleeping — June 1 appeared first on BeInCrypto.

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Operations Resume after ‘Risk Warning’ to World’s Second Largest Crypto Exchange Binance

Cryptocurrency exchange Binance has resumed trading a day after suspending activities due to system upgrade, followed by a warning from their risk management system, a statement confirms June 27. Trading at Binance, which usually ranks within the top three exchanges in the world by daily trading volume, ground to a halt Tuesday following a planned

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Hong Kong Securities Controller Guarantees to Keep ‘Close Watch’ on Crypto Sector

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Bahamas to Introduce Own Crypto, Aims to Digitize Government, Financial Services

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Bear Market Back In Full Swing, Bitcoin Will Dip Past $6,000.00 Today

After seeing a few days of positive movements within the markets, the same old ‘June doom and gloom’ is back, with a vengeance by the looks of it. As the bears grip on the market tightens once more, cryptocurrencies are falling, some of which are dropping at an astonishing rate, as a result of this, we are sure to see some new lows breached through the day.

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US Federal Economic Database Adds Crypto Data, Brings More Legitimacy to the Market

The Federal Reserve Economic Data (FRED) database, a governmental database, is reported to have added four cryptocurrencies to it. FRED Introduces Coinbase Data to Its Database On June 19th, a FRED publication noted that cryptocurrency data compiled from Coinbase, with data originating from 2014 to the current day, will be added to the U.

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Crypto Exchanges Respond to Orders for Improvement

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Head of Swiss Department of Economic Affairs Conveys Optimistic Vision on Blockchain Technology

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