Bitcoin declined by 1.99% to $8,723.0 on Monday. The crypto fluctuated during the morning, rising to a high $8,961.8 before falling to a low $8,631.0. After steering clear of the major resistance levels, it dropped through the first major support level at $8,692.53
Bitcoin ended Sunday’s session in the red as well, decreasing by 0.92%. Despite that, the crypto ended the week up by 15.61% to $8,899.8. Before lowering, Bitcoin rallied to an early morning intraday high $9,198.0 on Sunday. It managed to break through the first major resistance level at $9,072.13, as well as the second major resistance level at $9,161.97.
However, the crypto slid to a mid-afternoon intraday low $8,738.0. It fell through the first major support level at $8,824.33.As well, before briefly recovering to $8,900 levels late in the day.
How did other cryptos fare?
The rest of the major cryptos also traded on the bearish market on Monday. Bitcoin Cash SV lost 3.91%, while EOS tumbled down by 3.88%, and Litecoin plummeted by 3.30%, ending in the red.
Before that, they traded on the bearish market on Sunday as well. Bitcoin Cash ABC dropped down by 3.75%, and Cardano’s ADA shaved 3.70%, while EOS lost 3.55%, and Monero’s XMR decreased by 3.33%. Stellar’s Lumen and Tezos also saw heavy losses, falling by 3.57% and 3.35%, respectively.
Meanwhile, others endured relatively modest losses. Binance Coin declined by 2.34%, with Bitcoin Cash SV dropping by 2.28%. Ethereum, Litecoin, and Ripple’s XRP tumbled down by 1.87%, 2.25%, and 2.00%, respectively. Tron’s TRX also slid by 2.37%.
However, some of the cryptocurrencies gained significant amounts during the last week. Stellar’s Lumen rallied by 17.05%, with Ripple’s XRP surging by 11.69% and Tron’s TRX adding 11.86%.
On the other hand, Bitcoin Cash SV rose by 5.65%, while Cardano’s ADA soared by 6.76%, Ethereum increased by 6.29%, and Litecoin skyrocketed by 7.86%.
The crypto total market cap climbed up from a Monday low $220.56bn to a Thursday high $263.29bn during the week. The total market cap stood at $244.53bn on Monday.
