The Crypto Daily – Movers and Shakers – June 25th, 2021

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Updated: Jun 25, 2021, 00:37 UTC

It's been a bullish start to the day for the majors. A Bitcoin move back through to $36,000 levels would support the broader market.

The Rest of the Pack

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

Polkadot fell by 0.26% to buck the trend on the day.

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

Cardano’s ADA rallied by 8.74% to lead the way, with Bitcoin Cash SV (+6.08) close behind.

Binance Coin (+4.16%), Chainlink (+3.41%), Crypto.com Coin (+5.37%), Litecoin (+4.11%), and Ripple’s XRP (+4.65%) also made solid gains.

Ethereum trailed the pack, however, rising by a more modest 1.04% on the day.

In the current week, the crypto total market rose to a Monday high $1,488bn before falling to a Tuesday low $1,129bn. At the time of writing, the total market cap stood at $1,381bn.

Bitcoin’s dominance fell to a Monday low 45.03% before rising to a Wednesday high 48.28%. At the time of writing, Bitcoin’s dominance stood at 47.17%.

This Morning

At the time of writing, Bitcoin was up by 0.30% to $34,768.0. A bullish start to the day saw Bitcoin rise from an early morning low $34,652.0 to a high $34,927.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bullish start to the day.

At the time of writing, Crypto.com Coin was up by 2.96% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $34,099 pivot to bring the first major resistance level at $35,856 into play.

Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $35,290.0 levels.

Barring a broad-based crypto rebound, the first major resistance level and resistance at $36,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $38,000 before any pullback. The second major resistance level sits at $37,046.

A fall through the $34,099 pivot would bring the first major support level at $32,909 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $31,152.

About the Author

Bob Masonauthor

With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.