Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117.<\/p>\n
It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.<\/p>\n
Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.<\/p>\n
Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.<\/p>\n
The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.<\/p>\n
The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 mixed day on Wednesday.<\/p>\n
Cardanos ADA slid by 6.46% to lead the way down.<\/p>\n
Bitcoin Cash SV (-2.54%), Moneros XMR (-2.76%), and Stellars Lumen (-2.36%) also saw relatively heavy losses.<\/p>\n
Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Trons TRX (-0.12%) saw more modest losses on the day.<\/p>\n
It was a bullish day for the rest of the majors, however.<\/p>\n
Ripples XRP rallied by 5.57% to lead the way.<\/p>\n
EOS (+0.79%) and Ethereum (+0.20%) also found support.<\/p>\n
In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.<\/p>\n
Bitcoins dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoins dominance stood at 64.14.<\/p>\n
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The Crypto Daily - The Movers and Shakers - July 30th, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117. It was another mixed start to the day. Continue reading