The Crypto Daily – Movers and Shakers – July 9th, 2021

A mixed start to the day saw Bitcoin rise to an early morning intraday high $33,939.0 before hitting reverse.

Falling well short of the first major resistance level at $34,713, Bitcoin tumbled to a late morning intraday low $32,063.0.

The extended sell-off saw Bitcoin fall through the first major support level at $33,437 and the second major support level at $32,986.

Steering clear of sub-$32,000 support, levels, Bitcoin revisited $33,100 levels before a fall back to sub-$33,000 levels.

The brief return to $33,000 levels had seen Bitcoin move back through the second major support level before sliding back.

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 Thursday.

Bitcoin Cash SV rose by 1.46% to buck the trend on the day.

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

Chainlink and Ethereum slid by 7.13% and by 8.66% respectively to lead the way down.

Binance Coin (-5.38%), Cardano’s ADA (-5.45%), Coin (-6.49%), Litecoin (-3.91%), Polkadot (-6.44%), and Ripple’s XRP (-4.32%) also saw heavy losses.

In the week, the crypto total market rose to a Wednesday high $1,476bn before falling to a Thursday low $1,323bn. At the time of writing, the total market cap stood at $1,342bn.

Bitcoin’s dominance rose to a Monday high 45.73% before falling to a Wednesday low 44.55%. At the time of writing, Bitcoin’s dominance stood at 45.64%.