The Crypto Daily – Movers and Shakers – February 17th, 2021

Crypto News

The Crypto Daily – Movers and Shakers – February 17th, 2021


A mixed start to the day saw Bitcoin slide to an early morning intraday low $47,0460 before making a move.

Steering clear of the first major support level at $46,105, Bitcoin rallied to a mid-day intraday high and a new swing hi $50,490.0.

Bitcoin broke through the first major resistance level at $49,333 to visit $50,000 levels for the first time.

Coming up short of the second major resistance level at $50,760, Bitcoin fell back to sub-$48,000 levels and into the red.

Finding late support, however, Bitcoin moved back through to $49,000 levels to deliver the upside on the day.

The first major resistance level at $49,333 pinned Bitcoin back late on.

The near-term bullish trend remained intact, supported by the Tuesday’s new swing hi $50,490.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,759 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Bitcoin Cash SV (-3.75%), Chainlink (-1.62%), Crypto.com Coin (-1.38%), and Ripple’s XRP (-5.35%) saw red.

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

Polkadot rallied by 5.49% to lead the way.

Binance Coin (+0.03%), Cardano’s ADA (+1.13%), Ethereum (+0.08%), and Litecoin (+0.99%) also joined Bitcoin in positive territory.

In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Tuesday high $1,537.78bn. At the time of writing, the total market cap stood at $1,476.39bn.

Bitcoin’s dominance jumped to a Monday high 63.36% before falling to a Monday low 60.67%. At the time of writing, Bitcoin’s dominance stood at 62.44%.



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