The Crypto Daily – Movers and Shakers – June 10th, 2020

Fibo Quantum

Bitcoin fell by 0.13% on Tuesday. Following a 0.35% gain on Monday, Bitcoin ended the day at $9,771.9.

It was a particularly choppy start to the day. Bitcoin rallied to an early morning intraday high $9,876.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $9,840.57 before sliding to an intraday low $9,577.9.

The sell-off saw Bitcoin fall through the first major support level at $9,687.67 and second major support level at $9,590.93.

Finding support through the afternoon, Bitcoin rallied to a high $9,835.8 before easing back into the red.

The first major resistance level at $9,840.57 pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by last week’s gain.

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 bearish day on Tuesday.

Cardan’s ADA slid by 4.05% to lead the way down.

EOS (-1.41%), Ethereum (-1.02%), Litecoin (-1.23%), Ripple’s XRP (-1.49%), Stellar’s Lumen (-1.76%), Tezos (-1.36%), and Tron’s TRX (-2.34%) also saw relatively heavy losses.

Binance Coin (-0.34%), Bitcoin Cash ABC (-0.54%), Bitcoin Cash SV (-0.96%), and Monero’s XMR (-0.70%) saw relatively modest losses on the day.

Through the start of the week, the crypto total market cap rose to an early Tuesday high $275.84bn before sliding to a Tuesday low $265.84bn. At the time of writing, the total market cap stood at $273.04bn.

Early in the week, Bitcoin fell to a Monday low 65.79% before rising to a Tuesday high 66.21%. At the time of writing, Bitcoin’s dominance stood at 66.04%.