The Crypto Daily – Movers and Shakers – January 17th, 2021

The Crypto Daily – Movers and Shakers – January 17th, 2021
The Crypto Daily – Movers and Shakers – January 17th, 2021

It was a mixed start to the day. Bitcoin fell to an early morning low $35,551.0 before making a move.

Steering clear of the major support levels, Bitcoin rose to a late morning intraday high $37,997.0.

Falling short of the first major resistance level at $39,461, Bitcoin slid to a late intraday low $35,418.0.

Steering clear of the first major support level at $34,260, Bitcoin moved back through to $36,000 levels to reduce the deficit on the day.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Saturday.

Polkadot surged by 39.53% to lead the way.

Cardano’s ADA (+16.05%) and Crypto.com Coin (+15.91%) also found strong support.

Binance Coin (+5.28%) and Ethereum (+4.97%) trailed the front runners.

It was a bearish day for the rest of the pack.

Chainlink slid by -3.24% to lead the way down.

Bitcoin Cash SV (-0.21%), Litecoin (-0.17%), and Ripple’s XRP (-0.36%) saw modest losses on the day.

In the current week, the crypto total market cap fell to a Monday low $804.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,004.03bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Saturday low 66.73%. At the time of writing, Bitcoin’s dominance stood at 67.26%.

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