U.S. markets open in 11 minutes
  • S&P Futures

    4,536.25
    -5.50 (-0.12%)
     
  • Dow Futures

    35,477.00
    -3.00 (-0.01%)
     
  • Nasdaq Futures

    15,424.25
    -54.50 (-0.35%)
     
  • Russell 2000 Futures

    2,291.30
    -2.80 (-0.12%)
     
  • Crude Oil

    83.12
    +0.62 (+0.75%)
     
  • Gold

    1,807.40
    +25.50 (+1.43%)
     
  • Silver

    24.55
    +0.38 (+1.57%)
     
  • EUR/USD

    1.1640
    +0.0009 (+0.08%)
     
  • 10-Yr Bond

    1.6710
    -0.0050 (-0.30%)
     
  • Vix

    15.18
    -0.31 (-2.00%)
     
  • GBP/USD

    1.3784
    -0.0011 (-0.08%)
     
  • USD/JPY

    113.7790
    -0.2090 (-0.18%)
     
  • BTC-USD

    63,328.22
    -1,828.02 (-2.81%)
     
  • CMC Crypto 200

    1,503.96
    -30.69 (-2.00%)
     
  • FTSE 100

    7,221.58
    +31.28 (+0.44%)
     
  • Nikkei 225

    28,804.85
    +96.27 (+0.34%)
     

The Crypto Daily – Movers and Shakers – September 27th, 2021

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Bitcoin, BTC to USD, rose by 1.11% on Sunday. Reversing a 0.34% decline from Saturday, Bitcoin ended the week down by 8.57% to $43,190.0.

A bearish start to the day saw Bitcoin slide to a late morning intraday low $40,800.0 before making a move.

Bitcoin fell through the first major support level at $41,966 and the second major support level at $41,218.

The sell-off also saw Bitcoin fall through the 38.2% FIB of $41,592.

Steering clear of sub-$40,000 support levels, however, Bitcoin rallied to a late intraday high $43,963.0.

Bitcoin broke through the first major resistance level at $43,225 and the second major resistance level at $43,735.

Falling short of $44,000 levels, however, Bitcoin fell back through the major resistance levels before ending the day at sub-$43,200 levels.

The near-term bullish trend remained intact, in spite of the latest return to sub-$40,000 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 mixed day on Sunday.

Ethereum rallied by 4.68%, with Chainlink (+0.27%), Crypto.com Coin (+0.85%), and Ripple’s XRP (+0.52%) also finding support.

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

Cardano’s ADA and Polkadot slid by 4.07% and by 4.41% respectively to lead the way down, with Bitcoin Cash SV (-3.91%) also struggling.

Binance Coin (-1.59%) and Litecoin (-0.18%) saw relatively modest losses on the day.

While it was a mixed end to the week, it was a bearish week for the majors.

Bitcoin Cash SV slid by 16.26%, with Binance Coin (-15.71%), Crypto.com Coin (-14.94%), and Litecoin (-14.24%) close behind.

Chainlink (-10.14%), Ethereum (-8.05%), and Ripple’s XRP (-9.89%) also struggled.

Cardano’s ADA (-3.24%) and Polkadot (-6.74%) saw relatively modest losses, however.

In the week, the crypto total market rose to a Monday high $2,136bn before sliding to a Tuesday low $1,744bn. At the time of writing, the total market cap stood at $1,936bn.

Bitcoin’s dominance rose to a Monday high 42.73% before falling to a Friday low 40.98%. At the time of writing, Bitcoin’s dominance stood at 41.89%.

This Morning

At the time of writing, Bitcoin was down by 0.34% to $43,045.0. A mixed start to the day saw Bitcoin rise to an early morning high $43,233.9 before falling to a low $43,045.0.

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

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 1.60% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $42,651 pivot to bring the first major resistance level at $44,502 into play.

Support from the broader market would be needed for Bitcoin to break back through to $44,000 levels.

Barring a broad-based crypto rally, the first major resistance level would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $47,000 levels before any pullback. The second major resistance level sits at $45,814.

A fall through the $42,651 pivot would bring the 38.2% FIB of $41,592 and the first major support level at $41,339 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$40,000. The second major support level sits at $39,488.

This article was originally posted on FX Empire

More From FXEMPIRE: