Bitcoin fell by 0.68% on Sunday. Reversing a 0.57% gain from Saturday, Bitcoin ended the week down by 0.45% to $9,084.3.<\/p>\n
It was a mixed start to the day for Bitcoin. Bitcoin rose to an early morning intraday high $9,152.3 before hitting reverse.<\/p>\n
Falling well short of the first major resistance level at $9,214.47, Bitcoin slid to a late intraday low $8,918.0.<\/p>\n
Bitcoin fell through the first major support level at $9,070.47 and the second major support level at $8,993.23.<\/p>\n
Steering clear of the 23.6% FIB of $8,900, Bitcoin broke back through the support levels to wrap up the day at $9,080 levels.<\/p>\n
The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.<\/p>\n
Across the rest of the majors, it was a bearish day on Sunday.<\/p>\n
Cardanos ADA and EOS led the way down, sliding by 2.76% and by 2.10% respectively.<\/p>\n
Bitcoin Cash SV (-1.53%), Litecoin (-1.31%), Moneros XMR (-1.22%), and Tezos (-1.77%) werent far behind.<\/p>\n
Binance Coin (-0.51%), Bitcoin Cash ABC (-0.90%), Ethereum (-0.73%), Ripples XRP (-0.49%), Stellars Lumen (-0.95%), and Trons TRX (-0.79%) saw relatively modest losses.<\/p>\n
For the week, it was a mixed bag for the majors.<\/p>\n
Cardanos ADA surged by 22.38% to lead the way.<\/p>\n
Stellars Lumen (+4.40%) and Trons TRX (+7.56%) also found strong support.<\/p>\n
Binance Coin (+0.72%), Bitcoin Cash ABC (+0.16%), EOS (+1.82%), Ethereum (+1.21%), Litecoin (+0.60%), Moneros XMR (+0.14%), and Ripples XRP (+0.17%) saw modest gains.<\/p>\n
Bitcoin Cash SV (-3.81%) and Tezos (-3.33%) bucked the trend for the week.<\/p>\n
Through the week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.45bn. At the time of writing, the total market cap stood at $255.26bn.<\/p>\n
Bitcoins dominance rose to a Monday high 66.29% before falling to a Sunday low 65.25%. At the time of writing, Bitcoins dominance stood at 65.44%.<\/p>\n
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The Crypto Daily - The Movers and Shakers - July 6th, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin fell by 0.68% on Sunday. Continue reading