The Crypto Daily – Movers and Shakers – September 26th, 2020 – FX Empire


It was a bearish start to the day. Bitcoin fell from an early morning intraday high $10,774.0 to an early afternoon intraday low $10,580.0.

Steering clear of the first major support level at $10,370, Bitcoin recovered to match the intraday high $10,774.

Falling short of the first major resistance level at $10,990, however, Bitcoin eased back to sub-$10,750 and into the red.

The near-term bullish trend remained intact, in spite of the latest pullback. 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 a mixed day on Friday.

Cardano’s ADA led the way, surging by 17.41%.

Chainlink and Ripple’s XRP also found strong support, with the pair rising by 8.67% and by 3.73% respectively.

Binance Coin (+0.41%), Bitcoin Cash ABC (+0.79%), Crypto.com Coin (+1.59%), Ethereum (+0.85%), Litecoin (+2.38%), and Polkadot (+1.23%) also found support.

Bitcoin Cash SV joined Bitcoin in the red, however, falling by 1.96%.

In the current week, the crypto total market rose to a Monday high $334.04bn before sliding to a Wednesday low $300.97bn. At the time of writing, the total market cap stood at $323.67bn.

Bitcoin’s dominance fell to a Monday low 60.89% before rising to a Wednesday high 62.31%. At the time of writing, Bitcoin’s dominance stood at 61.07%.



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