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The Crypto Daily – Movers and Shakers – August 30th, 2020


Falling short of the first major resistance level at $11,640, Bitcoin slid to a late morning intraday low $11,450.0.

Steering clear of the first major support level at $11,376, Bitcoin moved back through to $11,500 levels.

A bearish end to the day, however, saw Bitcoin slip back to sub-$11,500 levels and into the red.

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.

The Rest of the Pack

Across the rest of the majors, it was a mixed day for the majors on Saturday.

Binance Coin (-0.61%), Bitcoin Cash ABC (-0.47%), Bitcoin Cash SV (-0.78%), Litecoin (-0.71%), and Monero’s XMR (-2.06%) joined Bitcoin in the red.

It was a bullish day for the rest of the majors, however.

Cardano’s ADA rallied by 6.34% to lead the way.

EOS (+0.27%), Ethereum (+0.82%), Ripple’s XRP (+0.80%), Stellar’s Lumen (+0.59%), Tezos (+2.65%), and Tron’s TRX (+4.22%) also made gains on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $329.92bn. At the time of writing, the total market cap stood at $351.97bn.

Bitcoin’s dominance rose to a Tuesday high 62.13% before falling to a Saturday low 60.69%. At the time of writing, Bitcoin’s dominance stood at 61.01%.



Read More: The Crypto Daily – Movers and Shakers – August 30th, 2020

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