The Crypto Daily – Movers and Shakers – October 14th, 2021

A mixed start to the day saw Bitcoin fall to a late morning intraday low $54,302.0 before making a move.

Steering clear of the first major support level at $53,944, Bitcoin rallied to a late intraday high $57,775.0.

Falling short of the first major resistance level at $57,867, Bitcoin eased back to end the day at sub-$57,500 levels.

The near-term bullish trend remained intact, supported the latest return to $57,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Wednesday.

Polkadot surged by 15.69% to lead the way, with Binance Coin rallying by 5.92%.

Cardano’s ADA (+3.37%), Chainlink (+4.50%), and Ethereum (+3.38%) also found relatively strong support.

Bitcoin Cash SV (+1.47%), Coin (+0.98%), Litecoin (+2.89%), and Ripple’s XRP (+2.54%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $2,438bn before falling to a Tuesday low $2,210bn. At the time of writing, the total market cap stood at $2,398bn.

Bitcoin’s dominance fell to a Monday low 44.54% before rising to a Tuesday high 45.99%. At the time of writing, Bitcoin’s dominance stood at 45.17%.