The Crypto Daily – Movers and Shakers – October 31st, 2021

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A mixed start saw Bitcoin rise to an early morning intraday high $62,353.0 before hitting reverse.

Falling well short of the first major resistance level at $63,429, Bitcoin slid to an early afternoon intraday low $60,755.0.

Coming within range of the first major support level at $60,637, Bitcoin revisited $61,900 levels before easing back.

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 Saturday.

Ripple’s XRP bucked the trend, rising by 0.34%.

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

Chainlink slid by 3.78% to lead the way.

Cardano’s ADA (-2.88%), Crypto.com Coin (-2.87%), Ethereum (-2.18%), Litecoin (-3.21%), and Polkadot (-2.66%) also struggled.

Binance Coin  (-0.32%) and Bitcoin Cash SV (-1.30%) saw relatively modest losses, however.

In the current week, the crypto total market rose to a Tuesday high $2,702bn before falling to a Thursday low $2,385bn. At the time of writing, the total market cap stood at $2,619bn.

Bitcoin’s dominance fell to a Wednesday low 43.62% before rising to a Wednesday high 45.81%. At the time of writing, Bitcoin’s dominance stood at 44.77%.



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