It was a mixed start to the day. Bitcoin rose to an early morning high $11,709.0 before hitting reverse.

Falling short of the first major resistance level at $11,787, Bitcoin slid to a late morning intraday low $11,538.0.

Steering clear of the first major support level at $11,465, Bitcoin struck a late intraday high $11,736.

Falling short of the first major resistance level at $11,787, Bitcoin fell back to $11,650 levels before finding support.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

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

Litecoin and Stellars Lumen rose by 0.53% and by 0.60% to buck the trend on the day.

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

Cardanos ADA (-3.17%), Moneros XMR (-3.73%) and Trons TRX (-3.52%) led the way down.

Binance Coin (-1.71%), Bitcoin Cash ABC (-1.12%), Bitcoin Cash SV (-1.57%), EOS (-1.36%), Ethereum (-1.23%), and Tezos (-1.85%) also struggled.

Ripples XRP (-0.42%) saw modest losses on the day.

For the week, it was a bearish for the majors, however.

Tezos (-17.18%), EOS (-14.44%), Trons TRX (-13.82%), Bitcoin Cash SV (-13.10%), Cardanos ADA (-12.59%), and Stellars Lumen (-10.86%) led the way down.

Binance Coin (-7.18%), Bitcoin Cash ABC (-6.49%), Ethereum (-9.92%), Litecoin (-5.22%), and Ripples XRP (-6.52%) also struggled.

Moneros XMR fell by just 0.22%, however.

In the week, the crypto total market rose to a Monday high $384.00bn before sliding to a Saturday low $338.58bn. At the time of writing, the total market cap stood at $349.94bn.

Bitcoins dominance fell to a Monday low 59.97% before rising to a Wednesday high 62.00%. At the time of writing, Bitcoins dominance stood at 61.41%.

See the original post here:

The Crypto Daily Movers and Shakers August 24th, 2020 - FX Empire