It was a bearish day for the rest of the majors, however. Bitcoin Cash SV and Crypto.com Coin rose by 3.58% and by 2.79% respectively to buck the trend on the day. Polkadot fell by 4.80% to lead the way down, with Chainlink and Ripple’s XRP (-X%) ending the day down by 4.40% and by 4.46% respectively.
The Rest of the Pack The near-term bullish trend remained intact in spite of the latest slide back to $35,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
Across the rest of the majors, it was a mixed day on Saturday. Falling well short of the first major resistance level at $37,640, Bitcoin slipped back to $35,500 levels and into the red.
Bitcoin’s dominance rose to a Wednesday high 46.26% before falling to a Saturday low 45.05%. At the time of writing, Bitcoin’s dominance stood at 45.61%. In the current week, the crypto total market rose to a Tuesday high $1,708bn before falling to a Friday low $1,435bn. At the time of writing, the total market cap stood at $1,454bn.
Binance Coin saw a more modest 0.97% loss. Cardano’s ADA (-2.27%), Ethereum (-3.14%), and Litecoin (-2.50%) also struggled.
The News Highlights
- The Crypto Daily – Movers and Shakers – June 20, 2021
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