Across the rest of the majors, it was a mixed day on Friday. The Rest of the Pack Bitcoin Cash SV surged by 17.73% to lead the way, with Litecoin rallying by 7.89%.
In spite of the pullback, Bitcoin avoided a fall back through the second major support level late in the day. Finding afternoon support, Bitcoin broke back through the second major support level to revisit $62,000 levels before easing back.
The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. Bitcoin fell through the first major support level at $62,182 and the second major support level at $61,169.
Chainlink (-1.40%), Crypto.com Coin (-0.97%), and Polkadot (-1.84%) saw relatively modest losses on the day. In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,307bn. At the time of writing, the total market cap stood at $2,177bn. Binance Coin (-6.15%), Cardano’s ADA (-4.51%), and Ethereum (-3.59%) also struggled.
Ripple’s XRP slid by 11.92% to lead the way down It was a bearish day for the rest of the majors, however.
The News Highlights
- The Crypto Daily – Movers and Shakers – April 17, 2021
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