Polkadot surged by 19.60% to lead the way. Across the rest of the majors, it was a bullish day on Friday. Binance Coin (+5.64%), Bitcoin Cash SV (+9.93%), Chainlink (+8.00%), Crypto.com Coin (+7.56%), and Ethereum (+9.71%) also found strong support.
The near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. A second sell-off, however, saw Bitcoin slide back through the 23.6% FIB to sub-$50,000 levels.
The Rest of the Pack While falling short of the first major resistance level at $51,855, Bitcoin broke back through the 23.6% FIB of $50,473.
Source www.fxempire.com Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Friday low 40.42%. At the time of writing, Bitcoin’s dominance stood at 40.73%.
In the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,295bn. Cardano’s ADA (+4.16%), Litecoin (+2.63%), and Ripple’s XRP (+2.98%) trailed the front runners, however.
The News Highlights
- The Crypto Daily – Movers and Shakers – May 15, 2021
- Check the latest News news updates and information about business, finance and more.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week