The Crypto Daily – Movers and Shakers – May 15th, 2021

A mixed start to the day saw Bitcoin fell to an early morning intraday low $48,877.0 before making a move.

Steering clear of the first major support level at $47,123, Bitcoin rallied to a mid-afternoon intraday high $51,512.0.

While falling short of the first major resistance level at $51,855, Bitcoin broke back through the 23.6% FIB of $50,473.

A second sell-off, however, saw Bitcoin slide back through the 23.6% FIB to sub-$50,000 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 levels. For the bears, Bitcoin would need to slide 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 Friday.

Polkadot surged by 19.60% to lead the way.

Binance Coin (+5.64%),  Bitcoin Cash SV (+9.93%), Chainlink (+8.00%), Coin (+7.56%), and Ethereum (+9.71%) also found strong support.

Cardano’s ADA (+4.16%), Litecoin (+2.63%), and Ripple’s XRP (+2.98%) trailed the front runners, however.

In the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,295bn.

Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Friday low 40.42%. At the time of writing, Bitcoin’s dominance stood at 40.73%.

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