Bitcoin dropped on Friday after rallying by 6.89 on Thursday

Bitcoin dropped on Friday after rallying by 6.89 on Thursday

Bitcoin tumbled down by 0.37% to $22,702.0 on Friday. After a mixed start of the day, the crypto soared to an early morning high $22,847.5 before dropping to a low $22,466.0.

 

On Thursday, Bitcoin skyrocketed by 6.89%. After surging by 9.55% on Wednesday, the crypto ended the day at $22,786.0. However, it fluctuated during the session, falling to an early morning intraday low $21,197.0 before moving.

 

Bitcoin also steered clear of the first major support level at $19,443. After that, it hit a late afternoon intraday high, as well as a new swing hi $23,630.0.

 

Furthermore, Bitcoin managed to break through the first major resistance level at $22,069, along with the second major resistance level at $22,820. But it came up short of $24,000 levels and dropped back, ending the day at sub-$23,000 levels. The pullback caused Bitcoin to plunge back through the second major resistance level at $22,820.

 

How did the other major cryptos fare?

 

Crypto market fluctuated on Friday. Litecoin and Polkadot surged forward by 1.57% and 0.35% respectively. However, the rest of the majors traded on the bearish territory. Crypto.com Coin plummeted down by 3.78%, leading the way.

 

It was another mixed day on Thursday as well. Binance Coin dropped down by 1.20%, while Cardano’s ADA tumbled down by 2.98% and Chainlink lowered by 0.39%. Furthermore, Polkadot plunged by 6.95%.

 

On the other hand, the rest of the majors traded on the bullish territory. Crypto.com Coin and Litecoin surged forward by 9.21% and by 8.86%, leading the way.

 

Bitcoin Cash SV climbed up by 0.37%, while Ethereum soared by 0.86%, and Ripple’s XRP jumped by 1.49%, all of them joining Bitcoin in the green.

 

During this week, the crypto total market cap tumbled down to a Monday low $545.05bn before soaring to a Thursday high $679.01bn. On Friday, the total market cap sat at $634.00bn.

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