2021-03-15 07:00:00

The Crypto Daily – Movers and Shakers – March 15th, 2021

A mixed start to the day saw Bitcoin rise to an early morning intraday high and a new swing hi $61,699.0 before hitting reverse.

Falling short of the first major resistance level at $63,221, Bitcoin slid to an end of day intraday low $59,000.

In spite of the reversal, Bitcoin avoided the first major support level at $57,658 on the day.

The near-term bullish trend remained intact supported by Sunday’s new swing hi $61,699.0. 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 Sunday.

Polkadot rose by 1.75% to buck the trend early on.

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

Bitcoin Cash SV slid by 8.90% to lead the way down, with Litecoin ending the day down by 5.30%.

Binance Coin (-4.56%), Cardano’s ADA (-4.21%) and Chainlink (-4.02%), Crypto.com Coin (-3.60%), Ethereum (-3.79%), and Ripple’s XRP (-4.09%) also struggled.

For the week, it was also a mixed week for the majors.

Polkadot slid by 10.34% to lead the way down.

Cardano’s ADA (-6.72%), Chainlink (-0.24%), and Ripple’s XRP (-5.63%) also saw red.

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

Crypto.com Coin jumped by 18.13% to lead the way, with Litecoin rallying by 12.20%.

Binance Coin (+9.81%), Bitcoin Cash SV (+5.60%), and Ethereum (+7.00%) also made relatively solid gains.

In the week, the crypto total market fell to a Monday low $1,508bn before rising to a Saturday high $1,860bn. At the time of writing, the total market cap stood at $1,774bn.

Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Sunday high 63.36%. At the time of writing, Bitcoin’s dominance stood at 62.77%.

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