The Crypto Daily – Movers and Shakers – November 11, 2020

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It was a limited start to the day. Bitcoin rose to a morning intraday high of $ 15,474.0 before reversing.

Falling well below the first major resistance level at $ 15,839, Bitcoin slipped to a mid-afternoon intraday low of $ 15,077.0.

Avoiding the first major support level at $ 14,836, Bitcoin revisited $ 15,400 levels before returning to the red.

The short-term bullish trend remained intact, supported by the latest move up to the $ 15,000 levels. For bears, Bitcoin is expected to slide through the 62% FIB of $ 6,400 to form a short-term bearish trend.

The rest of the pack

In the rest of the majors, Tuesday was a mixed day.

Bitcoin Cash ABC (-2.49%), Bitcoin Cash SV (-1.94%), Crypto.com Coin (-0.86%) and Litecoin (-2.23%) saw the red reverse trend in the course of the day.

However, it was a bullish day for the rest of the majors.

Chainlink rallied 4.24% to lead the way.

Ethereum (+ 1.36%), Polkadot (+ 1.83%) and Ripple’s XRP (+ 1.41%) also found relatively strong support.

Binance Coin (+ 0.51%) and Cardano’s ADA (+ 0.31%) posted modest gains throughout the day.

For the current week, the total market cap of cryptocurrencies rose to a high of $ 454.30 billion on Monday before falling to a low of $ 421.37 billion on Monday. At the time of writing, the total market capitalization was $ 443.16 billion.

Bitcoin’s dominance rose to a Monday high of 65.22% before dropping to a Tuesday low of 64.25%. At the time of writing, Bitcoin’s dominance was 64.53%.

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