Bitcoin declined by 0.75% on Sunday, but it still ended the week up by 5.57% to $11,675.3. The crypto hit an early morning intraday high $11,788 before reversing course. However, then it fell short of the first major resistance level at $11,866 and dropped to a late afternoon intraday low $11,530.0.
Bitcoin plunged through the first major support level at $11,593 as well, before finding support. However, it rebounded to $11,600 levels later.
On Monday, Bitcoin gained 0.80% to $11,769.0. The crypto jumped from an early morning low $11,746.3 to a high $11,789.0. However, it left the major support and resistance levels untested.
How did the other major cryptos fare?
The crypto market fluctuated on Sunday. Stellar’s Lumen and Tezos rallied by 2.03% and 8.98%, respectively. But other cryptos ended the session in the red. Bitcoin Cash SV plunged by 3.51%, losing the most.
Bitcoin Cash ABC tumbled down by 2.36%, while Binance Coin shaved off 2.23%. Meanwhile, Ethereum and Litecoin plummeted down by 1.78% and 2.55%, respectively. Monero’s XMR also declined by 2.13%, with Ripple’s XRP falling by 2.56%.
On the other hand, several cryptos lost modest amounts. Cardano’s ADA decreased by 1.28%, while EOS slid by 1.20%, and Tron’s TRX dropped by 0.43%.
Overall, Ripple’s XRP lowered by 0.04% during the week, where other digital coins gained. Tezos skyrocketed by 27.30%.
Binance Coin surged forward by 6.82%, and Bitcoin Cash ABC soared by 6.61%. Meanwhile, Cardano’s ADA rallied by 8.36%, Monero’s XMR gained 9.69%, and Tron’s TRX jumped by 7.38%.
Bitcoin Cash SV added 1.90%, while EOS climbed up by 2.95%. Furthermore, Ethereum surged by 4.90%, Litecoin edged up by 0.30%, and Stellar’s Lumen gained 2.73%.
On Monday, the cryptos traded in the green as well. Tezos rose by 2.71%, leading the way again. But Cardano’s ADA declined by 0.16%.
Over the week, the crypto total market cap rallied from a Monday low $322.88bn to a Thursday high $355.09bn. On Monday, the total market cap stood at $349.50bn.
- Trading Instrument