Bitcoin and other major cryptos declined on Tuesday

Bitcoin and other major cryptos declined on Tuesday

Bitcoin declined by 1.11% to $7,692.3 on Tuesday. After a bearish start of the day, Bitcoin dropped down from an early morning high of $7,777.7 to a low of $7,679.7. The crypto left the major support and resistance levels untested and fell through the 38.2% FIB of $7,730 this morning.

Other major currencies had a bearish start on Tuesday’s session as well. Tron’s TRX suffered the most, declining by 2.80%. Stellar’s Lumen was an exception, rising by 0.20%.

Bitcoin gained 1.04% on Monday, ending the day at $7,777.6. The crypto rallied on Sunday, gaining 2.11%. A bullish start on Monday saw Bitcoin rise to an early morning high of $7,771.5 before reversing course. However, it slid to an early afternoon intraday low of $7,613.4 after falling short of the first major resistance level at $7,772.7.

The crypto steered clear of the first major support level at $7,548.3 and fell through the 38.2% FIB of $7,730. But it managed to find support later and rallied to a late intraday high of $7,777.7.

What about the other major cryptos?

The crypto market fluctuated on Monday. Stellar’s Lumen gained the most, skyrocketing by 7.86%. Cardano’s ADA rose by 1.18%, while Monero’s XMR gained 1.47%, and Tron’s TRX increased by 1.39%.

Several other cryptos rose slightly. Binance Coin edged up by 0.24%, and EOS climbed by 0.12%. Ripple’s XRP also gained 0.67%.

On the other hand, Bitcoin Cash ABC lowered by 1.57%, and Bitcoin Cash SV dropped down by 0.81%. Ethereum also declined by 0.52%, while Litecoin lost 0.25%, and Tezos tumbled down by 0.88%. All of them ended the day in the red.

The crypto total market cap stood at $222.31bn on Tuesday. The total market cap climbed up from a Monday low of $220.56bn to a late Monday high of $223.60bn. Meanwhile, Bitcoin’s dominance rebounded to levels around 64% on Monday, after hovering sub-64% during the previous week.

 

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