The Crypto Daily – Movers and Shakers – October 25th, 2021

A mixed start to the day saw Bitcoin rise to an early morning intraday high $61,476.0 before hitting reverse.

Falling short of the first major resistance level at $62,126, Bitcoin slid to a late afternoon intraday low $59,533.0.

Bitcoin fell through the first major support level at $60.117 before a partial recovery to end the day at $61,800 levels.

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.

The Rest of the Pack

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

Chainlink slid by 5.32% to lead the way down.

Binance Coin (-2.02%), Cardano’s ADA (-2.22%), Ethereum (-2.53%), Litecoin (-2.99%) and Polkadot (-3.08%) also struggled.

Bitcoin Cash SV (-0.37%), Coin (-0.71%), and Ripple’s XRP (-1.04%) saw relatively modest losses, however.

While it was a bearish end to the week, it was a mixed week for the majors in the week ending 24th October.

Cardano’s ADA (-1.80%) and Ripple’s XRP (-0.86%) saw red to buck the broader market trend.

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

Chainlink rallied by 12.17% to lead the way, with Ethereum (+6.12%) and Litecoin (+3.67%) also finding strong support.

Binance Coin (+1.03%), Bitcoin Cash SV (+1.68%), Coin (+0.97%), and Polkadot (+1.55%)

In the 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 $2,549bn.

Bitcoin’s dominance rose to a Wednesday high 47.72% before falling to a Sunday low 44.39%. At the time of writing, Bitcoin’s dominance stood at 44.98%.