The Crypto Daily – Movers and Shakers -06/06/20

Fibo Quantum

Bitcoin fell by 1.74% on Friday. Reversing a 1.17% gain from Thursday, Bitcoin ended the day at $9,620.4.

It was another mixed start to the day. Bitcoin rose to a late morning intraday high $9,865.8 before hitting reverse.

Falling short of the first major resistance level at $9,961.53, Bitcoin slid to a late morning low $9,624.1.

Steering clear of the major support levels, Bitcoin recovered to $9,700 levels before falling to a final hour intraday low $9,620.4.

In spite of the late pullback, Bitcoin steered clear of the first major support level at $9,540.43.

The near-term bullish trend remained intact, in spite of Friday’s pullback.

For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day for the majors on Friday.

Binance Coin and EOS bucked the trend on the day, with gains of 0.97% and 3.43% respectively.

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

Cardano’s ADA slid by 4.12% to lead the way down.

Litecoin (-1.43%), Ethereum (-1.29%), Stellar’s Lumen (-2.75%), and Tezos (-2.10%) also struggled.

Bitcoin Cash ABC (-0.07%), Bitcoin Cash SV (-0.44%), Monero’s XMR (-0.95%), Ripple’s XRP (-0.81%) saw relatively modest losses on the day.

Through the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $268.23bn.

At the start of the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Thursday low 65.61%. At the time of writing, Bitcoin’s dominance stood at 65.77%.