The Crypto Daily – Movers and Shakers – July 12th, 2021

A mixed start to the day saw Bitcoin fell to an early morning intraday low $33,316.0 before making a move.

Steering clear of the first major support level at $32,930, Bitcoin rallied to a late intraday high $34,590.0.

Bitcoin broke through the first major resistance level at $34,161 to end the day at $34,200 levels.

The near-term bullish trend remained intact, in spite of the latest return to $32,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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


Bitcoin Cash SV and Polkadot bucked the trend, falling by 0.26% and by 0.89% respectively.

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

Crypto.com Coin rallied by 7.02% to lead the way.

Binance Coin (+1.81%), Ethereum (+1.43%), and Ripple’s XRP (+1.43%) weren’t far behind.

Cardano’s ADA (+0.90%), Chainlink (+0.83%), and Litecoin (+0.17%) trailed the front runners, however.

It was also a mixed week for the majors.

Binance Coin and Crypto.com Coin rose by 2.60% and by 4.61% respectively to buck the trend.

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

Ripple’s XRP slid by 8.75% to lead the way down.

Bitcoin Cash SV (-6.74%), Cardano’s ADA (-7.74%), Chainlink (-4.66%), Ethereum (-7.85%), and Litecoin (-7.37%) also struggled.

Polkadot fell by a modest 0.20%, however.

In the week, the crypto total market rose to a Wednesday high $1,476bn before falling to a Friday low $1,313bn. At the time of writing, the total market cap stood at $1,369bn.

Bitcoin’s dominance fell to a Thursday low 44.48% before rising to a Sunday high 46.22%. At the time of writing, Bitcoin’s dominance stood at 45.96%.