Across the rest of the majors, it was a mixed day on Saturday. The Rest of the Pack Bitcoin Cash SV fell by 1.60% to lead the way down, with Litecoin (-0.81%) and Ripple’s XRP (-0.89%) also joining Bitcoin in the red.
Steering clear of sub-$41,000 levels, Bitcoin briefly broke back through the 38.2% FIB of $41,592 before a late slide back to sub-$41,500 levels. While steering clear of the first majors support level at $39,605, Bitcoin fell through the 38.2% FIB of $41,592.
The near-term bullish trend remained intact, supported by the latest return to $42,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend. Falling well short of the first major resistance level at $43,562, Bitcoin fell to a late afternoon intraday low $41,051.0.
Cardano’s ADA (+0.71%) trailed the front runners, however. In the current the week, the crypto total market fell to a Monday low $1,379bn before rising to a Saturday high $1,646bn. At the time of writing, the total market cap stood at $1,605bn. Binance Coin (+3.12%), Chainlink (+1.92%), and Ethereum (+2.84%) also found strong support.
Polkadot and Crypto.com Coin rallied by 8.05% and by 5.10% respectively to lead the way. It was a bullish day for the rest of the majors, however.
The News Highlights
- The Crypto Daily – Movers and Shakers – August 1, 2021
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