The market-leading cryptocurrency rose as the Luna Foundation Guard purchased another 2,508 coins yesterday.
The total cryptocurrency market is up 1.25% today. BTC អ is green after rising 1.25%, with សាកលវិទ្យាល័យ ETH up by more than 1%. អេវ៉ាអេច finally picked up a bit of steam and is up nearly 4%.
The Luna Foundation Guard added another 2,508 BTC to its កាបូប yesterday, bringing the total amount to 42,410 BTC. Though sellers have mostly absorbed large buys from the group in the past week, BTC bounced back up above 40,000 USDT. Crypto markets saw an additional bolstering as investment firm BlackRock says it is studying digital assets. Many traders hope the worst macroeconomic news is behind the markets for now — and are hoping crypto can shake off its previous weakness.
DeFi Digest: Circle announces $400M capital raise
Circle, the crypto payments company behind stablecoin USDC, បានប្រកាស a $400 million funding round. Investors include BlackRock, Fidelity Management and Research, and Fin Capital. Additionally, as the primary asset manager of USDC cash reserves,
BlackRock will enter into a broader strategic partnership with Circle focusing on capital markets applications for the stablecoin.
Jeremy Allaire, cofounder and CEO of Circle, stated, “Dollar digital currencies like USDC are fueling a global economic transformation, and Circle’s technology infrastructure sits at the center of that change.” On BlackRock’s involvement, Allaire went on to say, “It’s particularly gratifying to add BlackRock as a strategic investor in the company. We look forward to developing our partnership.”
Metaverse company Infinite Reality លម្អិត plans to acquire esports startup ReKTGlobal for $470 million in an all-stock deal. Infinite Reality, which focuses on providing metaverse services to brands, individual creators and governments, will integrate ReKT’s esports franchises, partnerships, talent management and technology products.
ReKT is home to popular esports groups Team Rogue and the London Royal Ravens, which dominate the League of Legends and Call of Duty competitive scenes, respectively. Infinite Reality plans to use these assets to build on existing audiences for metaverse applications.
Top altcoin gainers and losers: NFT tokens among top performers
- BCH/USDT +9.29%
- APE/USDT +8.44%
- LOOKS/USDT +7.91%
- ASTR/USDT -2.07%
- CEL/USDT -3.32%
- WAVES / USDT -5.42%
Many altcoins bounced after forming temporary lows yesterday. So far, nonfungible token related coins APE និង មើល have led the pack — up 8.44% and 7.91%, respectively.
ទន្ទឹមនឹងនេះដែរ WAVES continues to take a beating — adding to losses from last week.
BTC technical analysis: Bouncing for now
BTC seems to have found some type of temporary lows after a bloody week. The market leader fell as low as 39,100 USDT yesterday, putting in a similar bottom today. BTC is green on the day so far, with buyers trying to build steady support around 40,000 USDT.
ETH technical analysis: Relief after red
Like BTC, ETH is finding similar relief after a monster red candle to open the week. The token bottomed around 2,950 USDT yesterday — now finding some momentum above 3,000 USDT. The 3,200 USDT level will mark the next area of resistance. Sellers have so far dominated ETH recently, so some upward movement is expected.
Altcoin technical analysis: LOOKS makes a higher low
The token from OpenSea competitor LooksRare has seen some momentum since mid-March. LOOKS saw massive popularity on launch in January, putting in large upward spikes as nonfungible token traders migrated to the platform. However, the token had been beaten down tremendously by the nature of emissions.
Recently, LOOKS has surged from a bottom at just under 1 USDT, forming what looks to be a higher low around 1.35 USDT. For now, bulls will want to see this trend continue if they want to breach previous highs.
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Source: https://www.okx.com/academy/en/btc-up-with-luna-foundation-guard-buying-another-100-million-crypto-market-daily