The Crypto Daily – Movers and Shakers – September 5th, 2020

It was a mixed start to the day. Bitcoin fell to an early morning low $10,095 before making a move.

Steering clear of the first major support level at $9,620, Bitcoin rallied to a late intraday high $10,644.0.

Falling well short of the first major resistance level at $11,090, Bitcoin eased back to sub-$10,500 levels.

The near-term bullish trend remained intact, in spite of the latest 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 a mixed day for the majors on Friday.

Tron’s TRX bucked the trend once more, sliding by 11.42% to partially reverse Thursday’s 15.94% breakout.

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

EOS led the way, rallying by 14.50%.

Bitcoin Cash ABC (+6.93%), Cardano’s ADA (+7.45%), Monero’s XMR (+5.53%), and Tezos (+7.20%) also found strong support.

Binance Coin (+3.04%), Bitcoin Cash SV (+3.58%), Ethereum (+1.50%), Litecoin (+1.22% Ripple’s XRP (+3.82%), and Stellar’s Lumen (+1.83%) trailed the front runners.

In the current week, the crypto total market rose to a Tuesday high $379.05bn before sliding to a Thursday low $303.72bn. At the time of writing, the total market cap stood at $322.50bn.

Bitcoin’s dominance fell to a Wednesday low 58.79% before rising to a Thursday high 60.77%. At the time of writing, Bitcoin’s dominance stood at 59.75%.