ICO News

The Crypto Daily – Movers and Shakers – August 5th, 2020 – FX Empire

It was a bullish start to the day. Bitcoin rose to an early morning intraday high $11,396.0 before hitting reverse.

Falling short of the first major resistance level at $11,474, Bitcoin slid to an early afternoon intraday low $11,003.0.

Steering clear of the first major support level at $10,961, Bitcoin briefly revisited $11,260 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 Tuesday.

Tezos rallied by 6.32% to lead the way.

Binance Coin (+0.95%), Bitcoin Cash SC (+5.76%), Cardano’s ADA (+4.42%), Ethereum (+0.92%), Stellar’s Lumen (+5.51%), and Tron’s TRX (+2.35%) also found support.

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

Bitcoin Cash ABC (-2.10%), EOS (-0.53%), Litecoin (-1.54%), Monero’s XMR (-2.32%), and Ripple’s XRP (-2.90%) saw red on the day.

At the start of the week, the crypto total market cap rose from a Monday low $323.12bn to a Monday high $345.20bn. At the time of writing, the total market cap stood at $333.57bn.

Bitcoin’s dominance fell from a Monday high 62.43% to a Tuesday low 61.21%. At the time of writing, Bitcoin’s dominance stood at 61.74%.


Leave a Reply