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Falling short of the first major resistance level at $45,384, however, Bitcoin slid to a late intraday low $43,300.0. A bullish start to the day saw Bitcoin rally to a mid-morning intraday high $45,250.0 before hitting reverse.
The near-term bullish trend remained intact, supported by the latest return to $45,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
Steering clear of the first major support level at $43,066, Bitcoin briefly moved back through to $44,000 levels before easing back.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Sunday.
Crypto.com Coin rose by 0.51% to buck the trend on the day.
It was a bearish day for the rest of the majors, however.
Binance Coin (-4.05%), Cardano’s ADA (-3.24%), Ethereum (-4.71%), Litecoin (-3.96%), Polkadot (-4.70%), and Ripple’s XRP (-4.62%) also struggled.
Bitcoin Cash SV and Chainlink slid by 7.07% and by 6.71% respectively to lead the way down.
While it was a bearish end to the week, it was a mixed week for the crypto majors.
Polkadot bucked the trend in the week, falling by 2.89%.
It was a bullish week for the rest of the pack, however.
Ethereum rallied by 17.95% to lead the way. Cardano’s ADA (+8.50%), Crypto.com Coin (+6.64%), Litecoin (+6.84%), and Ripple’s XRP (+7.47%) also found strong support.
Binance Coin (+2.85%), Bitcoin Cash SV (+1.96%), and Chainlink (+4.24%) trailed the front runners, however.
In the week, the crypto total market fell to a Tuesday low $1,502bn before rising to a Sunday high $1,837bn. At the time of writing, the total market cap stood at $1,736bn.
This Morning
Bitcoin’s dominance fell to a Wednesday low 45.78% before rising to a Sunday high $47.39%. At the time of writing, Bitcoin’s dominance stood at 47.16%.
Story continues
At the time of writing, Bitcoin was down by 0.59% to $43,534.6. A mixed start to the day saw Bitcoin rise to an early morning high $43,930.0 before falling to a low $43,532.0.
News Highlights Business
- The Crypto Daily – Movers and Shakers – August 9, 2021
- Check all news and articles from the Business news updates.
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