The Crypto Daily – Movers and Shakers -07/06/20 – FX Empire


Bitcoin rose by 0.50% on Saturday. Partially reversing a 1.74% fall from Friday, Bitcoin ended the day at $9,668.4.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $9,552.6 before making a move.

Steering clear of the first major support level at $9,538.6, Bitcoin rallied to a midday intraday high $9,742.3 before hitting reverse.

Falling short of the first major resistance level at $9,784.0, Bitcoin slid back to sub-$9,600 levels before briefly revisiting $9,700 levels.

Resistance at $9,700 ultimately pinned Bitcoin back late in the day to limit the upside on the day.

The near-term bullish trend remained intact, in spite of the mixed week.

For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day for the majors on Saturday.

Stellar’s Lumen rose by 1.64% to lead the way on the day.

Cardano’s ADA (+0.40%), Ethereum (+0.81%), Monero’s XMR (+0.79%), Ripple’s XRP (+0.57%), and Tron’s TRX (+0.94%) also avoided the red.

It was a bearish day for the rest of the majors. Bitcoin Cash ABC fell by 1.32% to lead the way down.

Binance Coin (-0.74%), Bitcoin Cash SV (-0.28%), EOS (-0.53%), and Tezos (-0.24%) also saw red, while Litecoin ended the day flat.

Through the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $270.22bn.

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In the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Thursday low 65.58%. At the time of writing, Bitcoin’s dominance stood at 65.81%.



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