The Crypto Daily – Movers and Shakers – July 18th, 2020

Bitcoin, BTC to USD, rose by 0.19% on Friday. Partially reversing a 0.66% fall from Thursday, Bitcoin ended the day at $9,167.3.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,102.1 before making a move.

Steering clear of the first major support level at $9,041.73, Bitcoin rose to a mid-day intraday high $9,194.0.

Falling short of the first major resistance level at $9,242.33, Bitcoin fell back to $9,141 levels before finding support.

Bitcoin briefly revisited $9,190 levels before easing back.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. 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 yet another mixed day on Friday.

Stellar’s Lumen and Tezos rose by 2.22% and by 2.34% to lead the way.

Tron’s TRX (+0.19%) also joined Bitcoin in the green.

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

Cardano’s ADA led the way down, falling by 2.95%.

Binance Coin (-0.58%), Bitcoin Cash ABC (-0.24%), Bitcoin Cash SV (-0.43%), EOS (-0.19%), Ethereum (-0.33%), Litecoin (-0.45%), Monero’s XMR (-0.13%), and Ripple’s XRP (-0.03%) also saw red.

In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $264.46bn.

Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.80%.