Bitcoin climbed up by 0.20% to $18,852.0 on Wednesday. The cryptocurrency tumbled down to an early morning low $18,528.0 before soaring to a high $18,885.0.
On Tuesday, Bitcoin plummeted down by 4.48%. After losing some of 8.25% gains from Monday, the crypto ended the day at $18,814.0.
However, it traded on a bullish at the beginning of Tuesday’s session, rallying to a late morning intraday high and a new swing hi $19,956. Despite that, Bitcoin fell short of the first major resistance level at $20,295 and dropped to an early afternoon intraday low $18,279.0.
After the selloff, the crypto fell through the first major support level at $18,647. Later it managed to find support though and briefly rebounded to $19,500 levels before tumbling back through and ending the day at sub-$19,000 levels.
Bitcoin’s dominance also plunged to a Monday low 62.47% before jumping to a Tuesday high 63.99%. On Wednesday, Bitcoin’s dominance stood at 63.26%.
How did the other cryptos fare?
The Crypto market fluctuated on Wednesday. Binance Coin lowered by 0.10% and Crypto.com Coin shaved off 1.50%, trading in the red. However, it was a bullish day for the rest of the majors. On Wednesday, Litecoin surged forward by 1.41%, leading the way.
On Tuesday, most of the digital coins traded on the bearish territory though. Bitcoin Cash SV plunged by 7.09%, while Cardano’s ADA plummeted down by 9.62%, and Ripple’s XRP tumbled down by 8.05%, leading the way down.
Binance Coin also dropped down by 4.03%, and Chainlink shaved off 6.32%. Meanwhile, Ethereum declined by 5.02%, also suffering relatively heavy losses.
On the other hand, Crypto.com Coin lowered by 0.74%, with Litecoin decreasing by 2.87%, and Polkadot dropping by 0.91%. All of them saw relatively modest losses on the day.
Despite the bearish session, the crypto total market cap soared from a Monday low $531.50bn to a Monday high $589.74bn during the current week. On Wednesday, the total market cap sat at $552.36bn.
- Trading Instrument