Markets News
Forex and Market News
$134.84
+0.51%
$2,302.40
+0.2%
$2,289.76
+0.31%
$3,372.01
-0.81%
$258.74
-0.77%
$302.24
-1.29%
$270.28
-0.67%
$234.78
-1.64%
$152.65
-0.42%
$162.69
+0.28%
$39.17
+0.05%
$56.48
-0.32%
$43.88
+0.09%
$225.79
-0.27%
$139.71
-0.64%

The Crypto Daily – Movers and Shakers – April 7th, 2021


A mixed start to the day saw Bitcoin rise to an early morning intraday high $59,499.0 before hitting reverse.

Falling short of the first major resistance level at $59,980, Bitcoin fell to an early afternoon intraday low $57,401.0.

Bitcoin fell through the first major support level at $57,580 before briefly revisiting $58,200 levels.

Failing to move back through to $59,000 levels, Bitcoin eased back to end the day at sub-$58,000 levels.

The near-term bullish trend remained intact supported by the recovery from sub-$55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin and Polkadot slid by 7.12% and by 3.57% to buck the trend and join Bitcoin in the red.

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

Ripple’s XRP jumped by 19.75% to lead the pack, with Binance Coin  (+9.63%), Chainlink (+7.38%), and Litecoin (+7.08%) also on the move.

Bitcoin Cash SV (+1.79%), Cardano’s ADA (+3.40%), and Ethereum (+0.26%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,815bn before rising to a Tuesday high $1,992bn. At the time of writing, the total market cap stood at $1,928bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Tuesday low 55.77%. At the time of writing, Bitcoin’s dominance stood at 56.31%.



Read More: The Crypto Daily – Movers and Shakers – April 7th, 2021

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.