Major cryptos declined on Wednesday, trading in red. Bitcoin Cash SV and Monero’s XMR suffered the highest losses, falling by 1.11% and 1.03%, respectively. Bitcoin also dropped down by 0.67% to $8,959.4. The crypto fell from an early morning high $9,036.0 to a low $8.913.6 after a bearish start of the day.
However, Tuesday was a mixed day for digital coins. Cardano’s ADA and EOS were flat at the end of the session, but Bitcoin Cash SV gained 1.86%, trading in the bullish territory.
On the other hand, the rest of the majors ended the day in the red. Tron’s TRX tumbled down by 2.56%, losing the most. Stellar’s Lumen also fell by 1.89, and Monero’s XMR lowered by 1.24%, while Litecoin declined by 1.04%.
Meanwhile, Bitcoin Cash ABC, Ethereum, and Ripple’s XRP saw relatively modest losses, falling by 0.76%, 0.77%, 0.55%, respectively. And Tezos tumbled down by 1.12%, with Binance Coin dropping by 0.76%.
How did Bitcoin fare during the previous session?
Bitcoin soared by 1.72%, trading at last at $9,020.1 on Tuesday. That is the first time the crypto held onto $9,000 levels since March 6. Bitcoin skyrocketed to a mid-morning intraday high $9,124.8 after a mixed start of the day, before reversing the course.
The crypto managed to break through the first major resistance level at $9,046.07 before falling to a late morning intraday low $8,758.6. But it rebounded through the afternoon to wrap up the day at $9,000 levels, after steering clear of the first major support level at $8,601.27.
Despite the rebound, Bitcoin couldn’t break back through the first major resistance level. The crypto’s dominance held onto 65% levels after Monday’s modest loss, but it reached 66% levels on Tuesday. Furthermore, Bitcoin’s dominance stood at 66.2% on Wednesday.
Meanwhile, the crypto total market cap stood at $248.97bn on Wednesday. Before that, the total market cap climbed up from a Monday low $240.56bn to a Tuesday high $252.06bn.
- Trading Instrument