Bitcoin tumbled down by 0.39% to $23,651.0 on Friday. After a mixed start of the day, the crypto jumped to an early morning high $23,831.0 before dropping to a low $23,567.0. It also left the major support and resistance levels untested thus far.
On Thursday, Bitcoin surged forward by 2.31%. After partially rebounding from Wednesday’s 2.50% fall, the crypto ended the day at $23,743.5. However, it fluctuated during the session. Bitcoin plummeted down to an early morning intraday low $22,701.0 before moving.
It also steered clear of the first major support level at $22,527 and soared to a final hour intraday high $23,790.0. Despite that, Bitcoin fell short of the first major resistance level at $24,016. As a result, the crypto lowered again, ending the day at $23,740 levels.
Bitcoin’s dominance increased from a Monday low 66.74% to a Wednesday high of 71.14%. On Friday, Bitcoin’s dominance sat at 69.01%.
How did the other major digital coins fare?
The cryptocurrency market fluctuated on Friday. Bitcoin Cash SV soared by 0.67%, while Cardano’s ADA added 0.94%. Furthermore, Crypto.com Coin surged forward by 3.96%, and Polkadot rose by 0.42%, finding early support.
On the other hand, the rest of the majors traded on the bearish territory. Ripple’s XRP plummeted by 0.72%, leading the way down.
Thursday was a mixed day for the digital coins, as well. Crypto.com Coin plunged by 5.12%, but other cryptos traded in the green.
Ripple’s XRP skyrocketed by 29.65%, leading the way. Cardano’s ADA also surged forward by 11.78%, and Litecoin rallied by 8.53%, also finding strong support.
Meanwhile, Binance Coin jumped by 4.15%, and Bitcoin Cash SV added 3.85%. Chainlink also soared by 5.17%, with Ethereum gaining 4.60%, and Polkadot surging by 6.11%.
Over the current week, the crypto total market cap jumped to a Monday high $671.50bn before dropping to a Wednesday low $590.85bn. On Friday, the total market cap sat at $635.77bn.
- Trading Instrument