Binance Coin and Bitcoin Cash SV rallied by 8.29% and by 8.85% to lead the way. Crypto.com Coin (+5.11%) also found support to buck the broader trend on the day. Across the rest of the majors, it was a mixed day on Friday. It was a bearish day for the rest of the majors, however.
The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. Finding late support, however, Bitcoin broke back through to $58,000 levels to end the day flat.
The Rest of the Pack Falling short of the first major resistance level at $58,939, Bitcoin eased back to sub-$58,000 levels.
Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 56.46%. Source www.fxempire.com In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,782bn. At the time of writing, the total market cap stood at $1,916bn.
Cardano’s ADA (-1.45%), Ethereum (-0.73%), and Litecoin (-2.25%), and Polkadot (-1.41%) also struggled, however. Chainlink (-3.65%) and Ripple’s XRP (-3.66%) led the way down.
The News Highlights
- The Crypto Daily – Movers and Shakers – April 10, 2021
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