The cryptocurrency market fluctuated on Wednesday. Bitcoin climbed up by 0.86% to $6,932.80. Even though the crypto fell to an early morning low $6,808.0, it hit a high of $6,940.6 shortly. However, Bitcoin left the major support and resistance levels untested.
The several major cryptos also rallied throughout the day. Cardano’s ADA gained most, rising by 1.75%. Stellar’s Lumen, on the other hand, lowered by 0.40%.
The crypto market ended Tuesday’s session mostly in the green as well. Binance Coin rallied by 3.78%, while Ethereum soared by 1.21%, and Monero’s XMR added 1.88%. EOS saw moderate gains, rising by 0.57%. Tezos also climbing up by 0.26%.
However, there were losers too. Bitcoin Cash ABC shaved 1.43%, while Bitcoin Cash SV fell by 0.08%, and Cardano’s ADA declined by 0.21%.
Furthermore, Stellar’s Lumen slid by 0.16%, and Tron’s TRX dropped by 0.75%, also ending the day in the red. Litecoin and Ripple’s XRP both lowered by 0.36% and 0.89%, respectively.
What about Bitcoin?
Bitcoin ended Tuesday at $6,874.0, gaining 0.39%. While the crypto partially recovered a 0.98% loss from Monday, it fluctuated during the session. Bitcoin hit an early morning high of $6,927.9 before reversing course. But after the crypto fell short of the major resistance levels, it dropped to a late morning intraday low of $6,762.6.
After steering clear of the first major support level at $6,640.87 Bitcoin rallied to a late afternoon intraday high of $6,985.0. It came within range of the first major support level at $6,986.77 before sliding to levels below $6,900.
On Tuesday, the crypto’s total market cap hit the current week high of $198.64bn before sliding back. The total market cap dropped down from a Monday high of $198.52bn to a low of $190.67bn throughout the week. However, the total market cap stood at $197.55bn on Wednesday.
- Trading Instrument