The Crypto Daily Movers and Shakers -07/03/20 – FX Empire

Bitcoin rose by 1.00% on Friday. Following on from a 3.44% rally on Thursday, Bitcoin ended the day at $9,180.6.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,011.3 before finding support.

Steering clear of the first major support level at $8,857.43, Bitcoin rallied to a late morning intraday high $9,199.70.

Falling short of the first major resistance level at $9,255.33, Bitcoin fell back to sub-$9,100 levels.

Finding late support, however, Bitcoin bounced back to close out the day in positive territory.

The near-term bearish trend, formed at late Junes swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors.

Ethereum led the way, rallying by 7.42%.

Binance Coin (+2.99%), Bitcoin Cash ABC (+3.42%), Bitcoin Cash SV (+2.60%), Litecoin (+2.09%), Ripples XRP (+2.43%), Stellars Lumen (+2.78%), Tezos (+3.03%), and Trons TRX (+2.41%) also saw solid gains.

Cardans ADA (+1.34%), EOS (+1.92%), and Moneros XMR (+0.72%) trailed the pack.

Through the current week, the crypto total market cap rose to a Friday high $263.56bn from a Monday low $243.1. At the time of writing, the total market cap stood at $263.18bn.

Bitcoins dominance fell back from 64% levels in the week as the broader market found support. At the time of writing, Bitcoins dominance stood at 63.2%.

Trading volumes hit an early Tuesday high $187.15bn before falling back to sub-$130bn levels. At the time of writing, 24-hr volumes stood at $137.34bn.

Continue reading here:

The Crypto Daily Movers and Shakers -07/03/20 - FX Empire

Related Posts

Comments are closed.