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.
- Trading Instrument