Filecoin Sees Surge in Dev Activity; LayerZero Raises 135 Million
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Chart of the Day
On Wednesday, most major altcoins continued their winning streaks, whilst BTC and ETH both took a breather from their recent rally. As of the time of writing, BTC is stabilizing above the $47k handle after posting a marginal loss of 0.64% in the past 24 hours. Despite this slight setback, a key breakout pattern with resistance near the $47.6k level is forming on BTC's hourly chart, with the largest cryptocurrency by market cap likely to rediscover its rallying momentum of the past few days once said level is overturned. Additionally, the $46.8k to $47k zone should also offer some key support should BTC's price actions head southward. Within the capital markets, Grayscale's Bitcoin Fund has seen its discount narrowed on the back of stronger demand, something that could possibly trigger a turning of the tides for Grayscale's flagship fund.