The Crypto Daily – Movers and Shakers – October 31, 2021

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A mixed start saw Bitcoin hit an early morning intraday high of $ 62,353.0 before reversing.

Well below the first major resistance level at $ 63,429, Bitcoin slipped to an intraday low of $ 60,755.0 in the early afternoon.

Coming within range of the first major support level at $ 60,637, Bitcoin revisited the $ 61,900 levels before slacking off.

The short-term uptrend remained intact, supported the latest return to levels of $ 66,000. For bears, Bitcoin would need a sustained decline through 62% FIB from $ 27,237 to form a short-term downtrend.

The rest of the pack

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

Ripple’s XRP reversed the trend, rising 0.34%.

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

Chainlink slipped 3.78% to lead the way.

Cardano ADA (-2.88%), Crypto.com Coin (-2.87%), Ethereum (-2.18%), Litecoin (-3.21%) and Polkadot (- 2.66%) also experienced difficulties.

Binance Coin (-0.32%) and Bitcoin Cash SV (-1.30%), however, recorded relatively modest losses.

In the current week, the total crypto market peaked at $ 2,702 billion on Tuesday before falling to a low of $ 2,385 billion on Thursday. At the time of writing, the total market cap was $ 2.619 billion.

Bitcoin’s dominance fell to a low on Wednesday at 43.62% before hitting a high on Wednesday at 45.81%. At the time of writing this article, Bitcoin’s dominance stands at 44.77%.

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