The Crypto Daily – Movers and Shakers – December 2nd, 2020

02/12/2020 2h00

EnregistrerEnregistréSupprimé 0

It was a bullish start to the day. Bitcoin rallied to a late morning intraday high and a new swing hi $19,956 before hitting reverse.

Falling short of the first major resistance level at $20,295, Bitcoin slid to an early afternoon intraday low $18,279.0.

The selloff saw Bitcoin fall through the first major support level at $18,647 before finding support.

Bitcoin briefly bounced back to $19,500 levels before falling back through to end the day at sub-$19,000 levels.

The first major support level limited the downside late in the day.

The near-term bullish trend remained intact, in spite of the recent slide back to sub-$17,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Tuesday.

Bitcoin Cash SV (-7.09%), Cardano’s ADA (-9.62%), and Ripple’s XRP (-8.05%) led the way down.

Binance Coin (-4.03%), Chainlink (-6.32%), and Ethereum (-5.02%), and also saw relatively heavy losses.

Crypto.com Coin (-0.74%), Litecoin (-2.87%), and Polkadot (-0.91%) saw relatively modest losses on the day, however.

In the current week, the crypto total market cap rose from a Monday low $531.50bn to a Monday high $589.74bn. At the time of writing, the total market cap stood at $552.36bn.

Bitcoin’s dominance fell to a Monday low 62.47% before rising to a Tuesday high 63.99%. At the time of writing, Bitcoin’s dominance stood at 63.26%.

Source link

0 0 voter

Article Rating