Crypto.com Coin tumbled by 15.93%, with Bitcoin Cash SV (-0.29%) and Polkadot (-0.09%) also seeing red on the day Across the rest of the majors, it was a mixed day on Thursday. It was a bullish day for the rest of the majors, however.
The near-term bullish trend remained intact, in spite of the latest pullback to sub-$56,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend. A late pullback saw Bitcoin briefly fall back through the second major resistance level before wrapping up the day at $59,100 levels.
The Rest of the Pack Bitcoin broke through the first major resistance level at $57,987 and the second major resistance level at $58,808.
Bitcoin’s dominance rose to a Monday high 43.18% before falling to a Thursday low 41.81%. At the time of writing, Bitcoin’s dominance stood at 42.26%. In the current week, the crypto total market fell to a Tuesday low $2,426bn before rising to a Thursday high $2,685bn. At the time of writing, the total market cap stood at $2,644bn.
Cardano’s ADA (+0.48%), Chainlink (+2.98%), and Ripple’s XRP (+1.00%) trailed the front runners, however. Binance Coin rallied by 8.15% to lead the way, with Ethereum (+5.97%) and Litecoin (+5.11%) close behind.
The News Highlights
- The Crypto Daily – Movers and Shakers – November 26, 2021
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