Bitcoin Hit High Along with Several other Major Cryptos

Bitcoin Hit High Along with Several other Major Cryptos

Cryptocurrencies rallied on Wednesday after the mixed trading session on Tuesday. Bitcoin Cash ABC and Bitcoin Cash SV gained the most, skyrocketing by 8.92% and 15.73%, respectively.

Bitcoin surged forward by 2.07% to $7,351.9. It left the major support and resistance levels untested. But after a bullish start of the day, the crypto rose from an early morning low of $7,151.6 to a high of $7,393.1.

However, most of the major cryptos ended Tuesday’s session in the red. Monero’s XMR lost 5.85%, EOS shaved 4.66%, and Ethereum fell by 4.07%. However, Cardano’s ADA slid by 1.82%, and Litecoin lost only 0.71% during the day.

Meanwhile, Bitcoin Cash SV, tumbled down by 3.75%, with Ripple’s XRP falling by 2.57%. Binance Coin, on the other hand, dropped by 3.16%, and Bitcoin Cash ABC lowered by 3.03%.

Stellar’s Lumen and Tron’s TRX also saw heavy losses, plummeting down by 2.73% and 3.60%, respectively. On the other hand, Tezos rose by 2.21%.

What about Bitcoin?

Bitcoin dropped down by 1.87% on Tuesday, along with other cryptos. But after an 8.25% gain on Monday, the crypto ended yesterday’s session at $7,203.0.

Bitcoin experienced many ups and down’s during the day. It rose to an early morning intraday high of $7,454.3 before sliding back. The crypto dropped to a morning low of $7,237.4 after it fell short of the first major resistance level at $7,544.7.

Despite that, Bitcoin recovered soon, reaching levels at $7,400 before tumbling to a late intraday low of $7,088. After that, the crypto rose to $7,200 at the end of Tuesday’s session.

Bitcoin’s dominance was standing at 64.1% at the very end after easing back from the 65% last seen on Monday.

The crypto total market cap increased from a Monday low of $190.55bn to a Tuesday high of $211.57bn during the week. The total market cap stood at $208.58bn on Wednesday.

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