The Crypto Daily – Movers and Shakers – September 1, 2021

0

A mixed start to the day saw Bitcoin fall to an early morning intraday low of $ 46,725.0 before taking a step.

Away from the first major support level at $ 46,297, Bitcoin hit an intraday high of $ 48,244.0 early in the afternoon.

Below the first major resistance level at $ 48,319, Bitcoin fell back to below $ 47,000 before finding late support.

The short-term uptrend remained intact, supported by the latest return to $ 50,000 levels. For bears, Bitcoin would need a sustained decline through 62% FIB from $ 27,237 to form a short-term downtrend.

The rest of the pack

In the rest of the majors, it was a mixed day on Tuesday

Crypto.com Coin fell 0.89% to reverse the trend for the day.

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

Polkadot jumped 20.10% to regain the lead.

Chainlink (+ 6.91%), Ethereum (+ 6.23%), and Ripple’s XRP (+ 7.82%) also found strong support.

Binance Coin (+ 0.91%). However, Bitcoin Cash SV (+ 1.11%), Cardano’s ADA (+ 1.29%) and Litecoin (+ 2.50%) followed the lead.

For the crypto majors, it was a particularly bullish month of August.

Cardano’s ADA jumped 109.76% to lead the way.

Binance Coin (+ 39.52%), Ethereum (+ 35.38%), Polkadot (+ 64.52%), and Ripple’s XRP (+ 58.96%), also found strong support.

However, Bitcoin Cash SV (+ 14.47%), Chainlink (+ 17.76%), Crypto.com Coin (+ 20.36%), and Litecoin (+ 18.79%) followed the first.

Earlier this week, the total crypto market fell to a Monday low of $ 1.996 billion before climbing to a Tuesday high of $ 2.154 billion. At the time of writing, the total market cap was $ 2,086 billion.

Bitcoin’s dominance peaked at 44.14% on Monday before falling to a low of 42.12% on Tuesday. At the time of writing this article, Bitcoin’s dominance stands at 42.49%.


Source link

Share.

About Author

Leave A Reply