The Crypto Daily – Movers and Shakers – August 6, 2021

Bitcoin fell through the first major support level at $38,187 before rallying to a late intraday high $41,352.0. A bearish start to the day saw Bitcoin fall to a mid-day intraday low $37,318.0 before making a move.

The near-term bullish trend remained intact, supported by the latest return to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

Bitcoin broke through the first major resistance level at $40,632 to end the day at $40,800 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Polkadot slid by 2.85%, with Chainlink and Crypto.com Coin falling by 0.49% and by 0.69% respectively to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Binance Coin (+0.99%), Cardano’s ADA (+0.76%), Litecoin (+0.74%), and Ripple’s XRP (+0.31%) trailed the front runners, however.

Bitcoin Cash SV led the way, rallying by 4.68%, with Ethereum gaining 3.84%.

In the current week, the crypto total market fell to a Tuesday low $1,502bn before rising to a Thursday high $1,695bn. At the time of writing, the total market cap stood at $1,654bn.

Bitcoin’s dominance rose to a Monday high 47.27% before falling to a Wednesday low 45.78%. At the time of writing, Bitcoin’s dominance stood at 46.30%.

This Morning

At the time of writing, Bitcoin was down by 0.19% to $40,809.0. A mixed start to the day saw Bitcoin rise to an early morning high $41,034.1 before falling to a low $40,702.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

It was a bullish start for the rest of the majors, however.

Bitcoin Cash SV (-0.16%), Chainlink (-0.49%), Litecoin (-0.27%), Polkadot (-0.31%), and Ripple’s XRP (-0.09%) also joined Bitcoin in the red.

At the time of writing, Crypto.com Coin was up by 4.51% to lead the way.

Story continues

News Highlights Business

  • The Crypto Daily – Movers and Shakers – August 6, 2021
  • Check all news and articles from the Business news updates.

Disclaimer: If you need to update/edit this news or article then please visit our help center.

This news is republished from another source. You can check the original article here.

Be the first to comment

Leave a Reply

Your email address will not be published.


*