It was a mixed start to the day. Bitcoin rose to an early morning high $11,709.0 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $11,787, Bitcoin slid to a late morning intraday low $11,538.0.<\/p>\n
Steering clear of the first major support level at $11,465, Bitcoin struck a late intraday high $11,736.<\/p>\n
Falling short of the first major resistance level at $11,787, Bitcoin fell back to $11,650 levels before finding support.<\/p>\n
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.<\/p>\n
Across the rest of the majors, it was a mixed day for the majors on Sunday.<\/p>\n
Litecoin and Stellars Lumen rose by 0.53% and by 0.60% to buck the trend on the day.<\/p>\n
It was a bearish day for the rest of the majors.<\/p>\n
Cardanos ADA (-3.17%), Moneros XMR (-3.73%) and Trons TRX (-3.52%) led the way down.<\/p>\n
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.<\/p>\n
Ripples XRP (-0.42%) saw modest losses on the day.<\/p>\n
For the week, it was a bearish for the majors, however.<\/p>\n
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.<\/p>\n
Binance Coin (-7.18%), Bitcoin Cash ABC (-6.49%), Ethereum (-9.92%), Litecoin (-5.22%), and Ripples XRP (-6.52%) also struggled.<\/p>\n
Moneros XMR fell by just 0.22%, however.<\/p>\n
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.<\/p>\n
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%.<\/p>\n
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See the original post here: <\/p>\n
The Crypto Daily Movers and Shakers August 24th, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" It was a mixed start to the day. Continue reading