The crypto market traded on bearish territory on Friday. Most of the major cryptos declined. Bitcoin plummeted down by 3.09% to $9,488.6. The crypto dropped from an early morning high of $9,848.9 to a low of $9,260.0. It also fell through the first major support level at $9,391.90 before finding support. Litecoin also tumbled down by 1.91% during the day. However, others survived with slight losses.
On the other hand, on Thursday, Bitcoin skyrocketed by 5.14%, ending the day at $9,791.0. The crypto dropped to an early morning low of $9,266.2 before making a move. But it rallied to a late morning intraday high of $9,938.7 after steering clear of the first major support level at $8,938.33.
Bitcoin broke through the first and the second major resistance level at $9,564.83 and $9,781.67. After getting more support, it managed to end the day at levels around $9,790.
How did other major cryptos fare?
The crypto market fluctuated on Thursday. EOS rallied by 4.01%, gaining the most. Bitcoin Cash ABC soared by 2.08%. Bitcoin Cash SV also gained 1.49%, while Ethereum increased by 1.74%. Meanwhile, Litecoin climbed up by 1.73%, and Tron’s TRX rose by 1.45%.
Several other cryptos edged up as well, gaining moderately. Binance Coin increased by 0.86%, and Monero’s XMR rose by 0.35%, while Ripple’s XRP gained 0.96%.
However, others weren’t so fortunate. Cardano’s ADA lost 1.22%, and Stellar’s Lumen declined by 0.96%. Tezos also shaved off 0.22%.
The crypto total market cap climbed from a Monday-low, $229.41bn to a Thursday high of $265.28bn over the week. The total market cap stood at $260.67bn on Friday.24-hour trading volumes also hit an early Monday high of $206.86bn before sliding back to sub-$140bn levels. However, volumes returned to $190bn levels on Thursday.
Meanwhile, Bitcoin’s dominance fell to sub-67% levels before rebounding. On Friday, the crypto’s dominance stood at 67.5%.
- Trading Instrument