The Crypto Daily – Movers and Shakers – July 22nd, 2020

It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $9,174.4 to an early afternoon intraday high $9,457.2.

Bitcoin broke through the major resistance levels before falling back to $9,340 levels.

The pullback saw Bitcoin fall through the third major resistance level at $9,358.03 before returning to $9,400 levels.

Resistance at $9,400 capped the upside late in the day.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. 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 bullish day on Tuesday.

Tezos led the way, rallying by 9.29%.

Bitcoin Cash SV (+5.60%), Cardano’s ADA (+4.66%), Ethereum (+4.13%), Litecoin (+4.53%), also found strong support.

Binance Coin (+1.43%), Bitcoin Cash ABC (+2.60%), EOS (+2.32%), Monero’s XMR (+0.68%), Ripple’s XRP (+2.53%), Stellar’s Lumen (+2.59%), and Tron’s TRX (+2.42%) trailed the front runners.

At the start of the week, the crypto total market cap fell to a Monday low $262.70bn before striking a Tuesday high $274.62bn. At the time of writing, the total market cap stood at $270.71bn.

Bitcoin’s dominance fell to a Monday low 63.20% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoin’s dominance stood at 63.76%.