Bitcoin declined by 0.57% to $9,535.0 on Friday. After a mixed start of the day, the crypto hit an early morning high of $9,618.8 before dropping to a low of $9,483.5.
On the other hand, Bitcoin skyrocketed by 4.11% on Thursday. The crypto then ended the day at $9,589.3. It tumbled down to a mid-morning intraday low of $9,118.2 before making a move.
Bitcoin rallied to a final hour intraday high of $9,630.3 after steering clear of the first major support level at $8,946.67. The crypto managed to break through the first major resistance level at $9,349.47, as well as the second major resistance level at $9,488.63, before sliding back.
Bitcoin’s dominance plummeted to a Monday low of 66.38% before hitting a high of 69.54% on Thursday. Bitcoin’s dominance stood at 66.99% by the end. However, the near-term bearish trend, which formed at late June 2019’s swing high of $13,764.0, is still firmly intact, reaffirmed by the March swing low of $4,000.
What about other cryptocurrencies?
The major cryptos fluctuated on Friday. Cardano’s ADA ended in the red together with Bitcoin, suffering a 0.46% loss. However, others traded on the bullish territory. EOS gained the most so far, rallying by 1.49%.
The crypto market soared on Thursday as well, as most of the digital currencies gained. Cardano’s ADA skyrocketed by 17.71%.
Binance Coin soared by 3.64%, while Bitcoin Cash ABC surged forward by 3.34 and Ethereum jumped by 5.77%. Meanwhile, Monero’s XMR gained 4.28%, and Stellar’s Lumen added 4.92%. Tezos and Tron’s TRX also increased by 4.37% and 3.12%, respectively, finding strong support.
Several other cryptos rose modestly. Bitcoin Cash SV climbed up by 1.17%, and EOS gained 1.67%, with Litecoin soaring up by 2.05%. Ripple’s XRP trailed behind the front-runners, with a 1.37% gain.
The total crypto market cap tumbled down to an early Monday low of $238.04bn before hitting Friday high of $263.53bn during the week. The total market cap stood at $261.58bn by the end.
- Trading Instrument