BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
BTC has been moving downwards since April 14. The drop accelerated on April 18, causing a fall to a low of $50,931.
However, this created a very long lower wick, validating the $51,000 area as support.
Nevertheless, it’s bounced significantly since the lows and is attempting to create a higher low.
The trend can be considered bullish as long as the price is trading above the $51,000 support area.
The top-10 crypto market cap rankings haven’t changed since yesterday, though many have seen double-digit percentage losses.
Dogecoin (DOGE) is continuing to shrug off the market decline and is up nearly 20% in the past 24 hours and 466% in the past week. It remains in fifth place but is less than $5 billion from overtaking XRP.
DOGE is also the days biggest altcoin mover, though Stacks (STX) is close behind. STX has added nearly 19% on the day and is trading for $2.43, moving it up to rank 49.
Nano (NANO) is the day’s biggest loser so far. Although it’s up by more than 55% this week, it’s lost almost 21% on the day in a fall back to $8.79.