The Crypto Daily – Movers and Shakers – September 26, 2021

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A mixed start to the day saw Bitcoin hit an early morning intraday high of $ 42,986.9 before reversing.

Below the first major resistance level at $ 45,095, Bitcoin slipped to an intraday low of $ 41,728.0 late in the morning.

Away from the 38.2% FIB at $ 41,592 and the first major support level at $ 40,686, Bitcoin revisited the $ 42,900 levels before falling back into the red.

The short-term uptrend has remained intact, despite the latest return to levels below $ 40,000. For bears, Bitcoin would need a sustained decline through the 62% FIB of $ 27,237 to form a short-term downtrend.

The rest of the pack

In the rest of the majors, Saturday was a mixed day.

Chainlink led the way, advancing 5.43%, with Bitcoin Cash SV (0.64%), Cardano’s ADA (+ 1.00%) and Crypto.com Coin (+ 2.01%) also finding support that day.

It was however a bearish day for the rest of the majors.

Polkadot fell 2.84% to lead the way on the downside.

Binance Coin (-1.52%), Ethereum (-0.22%), Litecoin (-0.83%), and Ripple’s XRP (-0.53%) also joined Bitcoin in the red.

During the current week, the total crypto market peaked at $ 2.136 billion on Monday before dropping to a low on Tuesday of $ 1.744 billion. At the time of writing, the total market capitalization was $ 1.910 billion.

Bitcoin’s dominance peaked at 42.97% on Monday before falling to a low of 40.99% on Friday. At the time of writing this article, Bitcoin’s dominance stands at 41.91%.


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