BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin (BTC) Update
Bitcoin opened the week at $55,781 but fell slightly to $55,465 shortly after.
Over the weekend, BTC regained some lost ground to reach $56,600. It appears that this move has validated the lower line of the ascending channel as resistance.
If BTC is unable to move back into the channel, it’s likely that a steeper correction could occur.
There is a strong horizontal support level between $42,000 – $43,000.
Altcoin Movers
The top-10 cryptocurrencies by market cap saw little change over the weekend.
After moving into the #9 spot last week, Theta Network is quickly closing in on the eighth-ranked Uniswap Token (UNI).
Over the past 24 hours, Harmony (ONE) is the biggest altcoin mover in the top-100. It’s currently trading for $0.212 — a 25% gain on the day.
AscendEX (BitMax) Token (BTMX) lost a whopping 30.5% in the past 24 hours. It’s fallen back to the #71 spot to trade at $2.11.
In Other Crypto News
Following the non-fungible token (NFT) and decentralized finance (DeFi) hype, the DODO exchange has launched some new features. According to the announcement, DODO’s pools will enable NFT fragmentation. This involves breaking down an artwork or a collectible into a number of smaller pieces to allow shared ownership.
In a post mortem type article from March 29, the PancakeSwap team detailed a bug in its lottery smart contract. A whitehat hacker discovered the critical vulnerability before any funds were stolen.
The Solana ecosystem scored a $20 million developmental boost from OKEx-owned Block Dream Fund and connects with AscendEX. The AscendEX exchange announced on March 26 that it launched support for operations over the Solana Program Library (SPL).