Bitcoin lowered by 1.02% on Tuesday, ending the day at $10,932. The crypto surged forward to an early morning intraday high of $11,263 before pulling back. It fell short of the first major resistance level at $11,634 and tumbled down to a late morning intraday low of $10,590.
Furthermore, the crypto steered clear of the first major support level at $10,200, but it rebounded to $11,200 levels soon. Despite that, Bitcoin ended the day on a bearish territory, plummeting to the $11,000 levels by the end. The near-term bullish trend remained intact, though, as the latest run to $11,000 levels supported it.
On Wednesday, Bitcoin declined by 0.06% to $10,925. The crypto rallied to an early morning high of $10,994 before plummeting down to a low of $10,915.6. It also left the major support and resistance levels untested.
Bitcoin’s dominance surged from a Monday low of 62.43% to a Tuesday high of 64.57% before pulling back. On Wednesday, Bitcoin’s dominance stood at 63.88%.
How did the other cryptos fare?
The cryptocurrency market traded on the bullish territory on Wednesday. Ethereum was the exception along with Bitcoin, losing 1.49% during the last session.
On the other hand, Bitcoin Cash ABC and Cardano’s ADA rallied, gaining 7.54% and 7.83%, respectively. Bitcoin Cash SV surged forward by 3.73%, while EOS skyrocketed by 5.06%, and Litecoin soared by 4.61%. Monero’s XMR also jumped by 3.77%, and Stellar’s Lumen added 3.66%, finding strong support.
Several other cryptos gained modest amounts as well. Binance Coin climbed up by 2.27%, with Ripple’s XRP rising by 2.67%. Meanwhile, Tezos soared by 0.47%, and Tron’s TRX grew by 2.26%.
On Wednesday, the major cryptos fluctuated. Tezos edged up by 0.10%. However, most of the other digital coins traded on the bearish territory. Cardano’s ADA declined by 1.85%, leading the way down.
The crypto total market cap jumped from a Monday low of $285.49bn to a high of $335.80bn. On Wednesday, the total market cap stood at $315.11bn.