The Crypto Daily – Movers and Shakers – November 26, 2021

The Crypto Daily - Movers and Shakers - November 26, 2021

Bitcoin broke through the first major resistance level at $57,987 and the second major resistance level at $58,808.

Steering clear of the first major support level at $56,120, Bitcoin rallied to a late afternoon intraday high $59,423.

Highlights

  • The near-term bullish trend remained intact, in spite of the latest pullback to sub-$56,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

  • A late pullback saw Bitcoin briefly fall back through the second major resistance level before wrapping up the day at $59,100 levels.

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

The Rest of the Pack

Crypto.com Coin tumbled by 15.93%, with Bitcoin Cash SV (-0.29%) and Polkadot (-0.09%) also seeing red on the day

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

Binance Coin rallied by 8.15% to lead the way, with Ethereum (+5.97%) and Litecoin (+5.11%) close behind. Cardano’s ADA (+0.48%), Chainlink (+2.98%), and Ripple’s XRP (+1.00%) trailed the front runners, however.

In the current week, the crypto total market fell to a Tuesday low $2,426bn before rising to a Thursday high $2,685bn. At the time of writing, the total market cap stood at $2,644bn. Bitcoin’s dominance rose to a Monday high 43.18% before falling to a Thursday low 41.81%. At the time of writing, Bitcoin’s dominance stood at 42.26%.