The Crypto Daily – Movers and Shakers – January 25th, 2021 – FX Empire

It was a mixed start to the day. Bitcoin fell to an early morning low $31,709.0 before making a move.

Steering clear of the first major support level at $31,174, Bitcoin rose to a mid-morning intraday high $33,174.0.

Bitcoin broke back through the 23.6% FIB of $33,008 before hitting reverse.

Falling short of the first major resistance level at $33,289, Bitcoin slid to a late intraday low $31,011.0.

Bitcoin fell through the first major support level at $31,174 before recovering to close out the day in the green.

The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Polkadot (-4.65%) saw red to buck the trend on the day.

It was a bullish day for the rest of the majors.

Ethereum rallied by 12.92% to lead the way.

Binance Coin  (+2.28%), Bitcoin Cash SV (+1.59%), Cardano’s ADA (+2.21%), Coin (+1.40%), and Litecoin (+2.43%) also found strong support.

Chainlink (+0.01%) and Ripple’s XRP (+0.62%) trailed the front runners on the day.

For the week, it was also a mixed week for the majors.

Polkadot rallied by 16.97% to lead the way.

Chainlink (+6.47%) and Ethereum (+13.09%) also found support to buck the trend in the week.

It was a bearish week for the rest of the majors.

Bitcoin Cash SV slid by 22.52% to lead the way down.

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Binance Coin (-8.64%), Cardano’s ADA (-7.06%), Coin (-7.98%), Litecoin (-1.14%), and Ripple’s XRP (-11.96%) also joined Bitcoin in the red.

In the week, the crypto total market cap rose to a Tuesday high $1,080.72bn before sliding to an early Saturday low $812.79bn. At the time of writing, the total market cap stood at $971.22bn.

Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Sunday low 62.84%. At the time of writing, Bitcoin’s dominance stood at 62.75%.



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