The Crypto Daily – Movers and Shakers – October 24, 2021

The Crypto Daily - Movers and Shakers - October 24, 2021

Steering clear of the first major support level at $59,236, Bitcoin rose to a mid-day intraday high $61,764.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $59,755.0 before making a move.

Highlights

  • Finding late support, Bitcoin broke back through to $61,000 levels to end the day in positive territory.

  • Falling well short of the first major resistance level at $62,952, however, Bitcoin fell back to sub-$61,000 levels.

The Rest of the Pack

The near-term bullish trend remained intact, supported the latest return to $66,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

Across the rest of the majors, it was a bullish day on Saturday.

Chainlink rallied by 9.58% to lead the way, with Crypto.com Coin (+2.78%), Ethereum (+4.95%) and Litecoin (+2.84%) finding strong support.

Binance Coin (+1.35%), Bitcoin Cash SV (+1.24%), Cardano’s ADA (+0.55%), Polkadot (+0.04%), and Ripple’s XRP (+0.47%) trailed the front runners, however. In the current week, the crypto total market fell to a Monday low $2,386bn before rising to a Thursday high $2,741bn. At the time of writing, the total market cap stood at $2,578bn.

Bitcoin’s dominance rose to a Wednesday high 47.72% before falling to a Saturday low 44.75%. At the time of writing, Bitcoin’s dominance stood at 44.80%. This Morning

At the time of writing, Bitcoin was down by 0.07% to $61,258.0. A mixed start to the day saw Bitcoin rise to an early morning high $61,476.0 before falling to a low $61,208.0. Bitcoin left the major support and resistance levels untested early on.

It was a bearish start for the rest of the majors, however. At the time of writing, Chainlink was down by 0.37% to lead the way down.

Crypto.com Coin (+0.89%), Litecoin (+0.26%), Polkadot (+0.29%), and Ripple’s XRP (+0.03%) avoided the red early on. Elsewhere, it was a mixed start to the day.