The Crypto Daily – Movers and Shakers – November 1st, 2021

0
8


Falling short of the first major resistance level at $62,570, Bitcoin slid to an early afternoon intraday low $60,005.0.

Bitcoin fell through the first major support level at $60,972 and the second major support level at $60,065.

Steering clear of sub-$60,000, however, Bitcoin broke back through the major support levels to end the day at $61,000 levels.

The near-term bullish trend remained intact, supported the latest return to $66,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 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.

Binance Coin  (-0.67%), Crypto.com Coin (-3.73%), and Ethereum (-0.82%) joined Bitcoin in the red to buck the broader market trend.

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

Ripple’s XRP rose by 2.75% to lead the way.

Bitcoin Cash SV (+0.82%), Cardano’s ADA (+0.50%), Chainlink (+0.76%), Litecoin (+0.88%), and Polkadot (+0.98%) saw modest gains, however.

In the week, the crypto total market fell to a Thursday low $2,385bn before rising to a Sunday high $2,708bn. At the time of writing, the total market cap stood at $2,635bn.

Bitcoin’s dominance rose to a Wednesday high 45.81% before falling to a Sunday low 43.50%. At the time of writing, Bitcoin’s dominance stood at 44.10%.



Source link

Leave a reply