The Crypto Daily – Movers and Shakers -26/03/20

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Bitcoin rose by 0.95% on Thursday. Reversing a 1.09% fall from Wednesday, Bitcoin ended the day at $6,751.9

A bullish start to the day saw Bitcoin rally to an early morning intraday high $6,790.8 before hitting reverse.

Falling short of the first major resistance level at $6,960.73, Bitcoin slid to an early afternoon intraday low $6,516.0.

Steering clear of the first major support level at $6,422.93, Bitcoin found support to close out the day in the green.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.

For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the majors.

Binance Coin and Ripple’s XRP led the way, rallying by 8.20% and 8.97% respectively.

Cardano’s ADA (+5.10%), Monero’s XMR (+6.90%), Stellar’s Lumen (+5.31%), and Tron’s TRX (+4.95%) also saw solid gains.

Bitcoin Cash ABC (+3.22%), Bitcoin Cash SV (+0.50%), EOS (+1.35%), Ethereum (+1.94%), Litecoin (+3.31%), and Tezos (+2.79%) trailed the leaders.

Through the current week, the crypto total market cap rose from a Monday low $163.00bn to a Wednesday high $191.26bn. At the time of writing, the total market cap stood at $188.71bn.

Bitcoin’s dominance hit 66% levels on Monday before falling to 62% levels. Bitcoin saw its dominance recover, however, to hover at around the 66% mark. At the time of writing, Bitcoin’s dominance stood at 65.6%.

Trading volumes jumped from $130bn levels on Monday to $168.2bn levels on Tuesday before easing back to sub-$110bn levels on Thursday. At the time of writing, 24-hr volumes stood at $112.69bn.



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