Bitcoin gained 0.56% on Tuesday. The crypto traded at $9,769.4 at the end of the day. However, after Monday’s bearish session, the crypto started the day in the red, falling to an early morning intraday low of $9,457.8. It slid through the first major support level at $9,461.87 as well, before hitting a late morning intraday high of $9,878.0.
Bitcoin fell short of the first major resistance level at $9,955.87 and dropped back to $9,550 levels. However, it found support late in the day and broke through to levels around $9,700, ending the day in the green.
The crypto fluctuated on Wednesday. It fell to an early morning low of $9,753.5 before rallying to a high of $9,791.3. Bitcoin was trading lower by 0.01% to $9,768.6 at last notice. So far, the crypto has left the major support and resistance levels untested.
Bitcoin’s dominance increased from a Monday low of 67.61% to a Tuesday high of 67.96% before sliding back. On Wednesday, Bitcoin’s dominance lowered to 67.89%.
What about other cryptos?
It has been a mixed session for the major cryptos as well. Some of them skyrocketed, while others plummeted down. Binance Coin, Cardano’s ADA, and Tezos gained the most, rallying by 3.61%, 4.75%, and by 3.19%, respectively.
Several digital coins saw modest gains. Bitcoin Cash ABC gained 0.18%, while Litecoin rose by 0.97%, and Tron’s TRX increased by 2.29%.
However, Bitcoin Cash SV lost 1.59%, and EOS declined by 0.28%. Monero’s XMR also shaved off 0.10%, while Ripples XRP fell by 0.19%. Stellar’s Lumen struggled along with them.
The bearish trend continued on Wednesday too. Bitcoin Cash ABC dropped by 0.62%, with Cardano’s ADA, Ethereum, and Tron’s TRX declining by 0.30%, 0.09%, and 1.22%. All of them ended the session in the red. On the other hand, Bitcoin Cash SV rose by 1.28%, and other majors saw some gains as well.
The crypto total market cap dropped from Monday’s $268.43bn to a Tuesday low of $257.06bn. The total market cap stood at $264.80bn on Wednesday.
- Trading Instrument