Bitcoin soared by 0.33% to $36,018.0 on Monday. After a mixed start of the day, the crypto dropped to an early morning low $35,630.0 before hitting a high $36,071.0. It also left the major support and resistance levels untested thus far.
On Sunday, Bitcoin tumbled down by 0.38%. After losing a 1.91% on Saturday, the crypto ended the week lower by 6.02% to $35,900.0. It fluctuated during the session though, rising to an early morning intraday high $36,928.0 before dropping back.
The crypto also fell short of the first major resistance level at $37,553 and plunged to a late morning intraday low $33,868.0. Furthermore, it slid through the first major support level at $34,974, as well as the second major support level at $33,906.
Despite that, Bitcoin steered clear of the 23.6% FIB of $33,008 and rebounded to $36,900 levels before plunging back to sub-$36,000 levels.
How did other cryptos fare?
The cryptocurrency market fluctuated on Monday. Bitcoin Cash SV declined by 0.28%, and Chainlink dropped by 0.21%. Ripple’s XRP also lowered by 0.03%. But the rest of the major digital coins traded on the bullish territory. Cardano’s ADA surged forward by 3.08%, while Binance Coin gained 2.07%.
On Sunday, Chainlink soared by 15.8%, with Binance Coin and Cardano’s ADA skyrocketing by 6.38% and 8.64%, respectively. Ethereum also increased by a modest 0.43%.
On the other hand, the rest of the digital coins traded in the red. Bitcoin Cash SV and Polkadot plunged by 3.42% and 4.67%, respectively. Crypto.com Coin also lowered by 0.63%, while Litecoin shaved off 0.54%, and Ripple’s XRP declined by 0.68%.
During the last week, Polkadot rallied by 95.6%, and Chainlink soared by 46.2%. Cardano’s ADA also managed to find strong support, skyrocketing by 26.3% and Binance Coin jumped by 7.99%.
However, Bitcoin Cash SV tumbled down by 21.9%. Litecoin and Ripple’s XRP struggled, dropping by 16.1% and by 12.0% respectively.
During the last week, the crypto total market cap plunged to a Monday low $803.97bn before surging to a Thursday high $1,083.27bn. On Monday, the total market cap sat at $1,002.00bn.
- Trading Instrument