The Crypto Daily Movers and Shakers September 4th, 2020 – FX Empire

It was a mixed start to the day. Bitcoin recovered from an early dip to strike a late morning intraday high $11,461.0 before hitting reverse.

Falling well short of the first major resistance level at $11,861.0, Bitcoin slid to a mid-afternoon low $10,510.0.

Bitcoin fell through the first major support level at $11,069 and the second major support level at $10,730.

Finding late morning support, Bitcoin moved back through the second major support level before a 2nd sell-off. The sell-off saw Bitcoin fall to a late intraday low $9,990.9.

Bitcoin fell back through the second major support level to sub-$10,000 before wrapping up the day at $10,170 levels.

The near-term bullish trend remained intact, in spite of the latest pullback. 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 Thursday.

Trons TRX bucked the trend, surging by 15.94%.

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

Binance Coin (-17.53%), Bitcoin Cash ABC (-18.73%), Bitcoin Cash SV (-18.37%), Cardanos ADA (-17.64%), and Tezos (-18.54%) led the way down.

EOS (-15.65%), Ethereum (-12.98%), Litecoin (-13.85%), Moneros XMR (-14.71%), and Ripples XRP (-11.35%) also saw heavy losses.

Stellars Lumen saw a relatively modest 7.73% loss on the day.

In the current week, the crypto total market rose to a Tuesday high $379.05bn before sliding to a Thursday low $320.1bn. At the time of writing, the total market cap stood at $317.90bn.

Bitcoins dominance rose to a Monday high 60.44% before falling to a Wednesday low 58.79%. At the time of writing, Bitcoins dominance stood at 60.07%.

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The Crypto Daily Movers and Shakers September 4th, 2020 - FX Empire

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