Bitcoin rallied by 3.01% on Sunday. Following on from a 0.86% gain on Saturday, Bitcoin ended the week up by 10.86% to $9,668.2.<\/p>\n
It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $9,329.7 to a mid-afternoon intraday high $9,883.5 before hitting reverse.<\/p>\n
Bitcoin broke through the first major resistance level at $9,571.33 and the second major resistance level at $9,754.67.<\/p>\n
A late pullback saw Bitcoin fall through the second major resistance level to $9,601.9 before finding support.<\/p>\n
The near-term bearish trend, formed at late June 2019s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.<\/p>\n
For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.<\/p>\n
Across the rest of the majors, it was a mixed end to the week.<\/p>\n
Ethereum led the rest of the pack, rallying by 3.27%.<\/p>\n
Binance Coin (+1.31), Bitcoin Cash ABC (+0.90%), Bitcoin Cash SV (+1.12%), Cardanos ADA (+0.41%), Litecoin (+1.11%), Ripples XRP (+0.79%), Stellars Lumen (+1.51%), and Trons TRX (+0.34%) also saw green.<\/p>\n
Moneros XMR (-0.14%) and Tezos (-0.49%) bucked the trend on the day, with relatively minor losses.<\/p>\n
It was a bullish week for the majors, however. Ethereum and Moneros XMR rallied by 10.34% and by 10.58% to lead the way.<\/p>\n
Binance Coin (+5.79%), Cardanos ADA (+7.33%), EOS (+6.99%), Stellars Lumen (+6.23%) also found strong support.<\/p>\n
Bitcoin Cash ABC (+2.44%), Bitcoin Cash SV (+3.48%), Litecoin (+3.78%), Ripples XRP (+2.07%), Tezos (+2.45%), and Trons TRX (+4.93%) trailed the front runners.<\/p>\n
Through the week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $265.59bn.<\/p>\n
Bitcoins dominance visited sub-67% levels before recovering. At the time of writing, Bitcoins dominance stood at 67.5%.<\/p>\n
24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes revisiting $190bn levels before easing back. At the time of writing, 24-hr volumes stood at $129.67bn.<\/p>\n
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The Crypto Daily Movers and Shakers -18\/05\/20 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin rallied by 3.01% on Sunday. Following on from a 0.86% gain on Saturday, Bitcoin ended the week up by 10.86% to $9,668.2 Continue reading