The Crypto Daily – Movers and Shakers – December 23rd, 2020

23/12/2020 2h08

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It was another mixed start to the day. Bitcoin fell to a late morning intraday low $22,348.0 before making a move.

Steering clear of the first major support level at $21,705, Bitcoin rallied to a late intraday high $23,812.0.

Falling short of the first major resistance level at $23.898, Bitcoin eased back to end the day at $23,805 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,733 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV (-2.29%), Crypto.com Coin (-2.11%), and Ripple’s XRP (-13.20%) saw red to buck the trend on the day.

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

Litecoin rallied by 9.40% to lead the way.

Binance Coin (+4.56%), Chainlink (+3.95%), and Ethereum (+4.73%) also found strong support.

Cardano’s ADA (+2.36%), and Polkadot (+0.85%) trailed the front runners on the day.

At the start of the week, the crypto total market cap rose to a Monday high $671.47bn before sliding to a low $601.73bn. At the time of writing, the total market cap stood at $648.64bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Tuesday high of 68.36%. At the time of writing, Bitcoin’s dominance stood at 68.18%.

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