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