Cryptocurrency markets fluctuated during the weekend before beginning Monday’s rally. While Stellar’s Lumen and Tron hit high on Sunday, rallying by 3.81% and 4.73%, respectively, the other cryptos ended the day in the red.
Bitcoin Cash ABC lost 3.22%, and Bitcoin Cash SV lowered by 2.93%. Cardano’s ADA also slid by 2.04%, with Tezos falling by 2.23%.
Meanwhile, Ethereum dropped by 1.18%, while Litecoin declined by 1.08%, and Ripple’s XRP lost 1.23%. Binance Coin and EOS also lowered moderately, falling by 1.01% and 0.34%, respectively.
However, most of the cryptos skyrocketed on Friday. Binance Coin and Monero’s XMR rallied by 21.26% and by 20.89%, respectively. While Bitcoin Cash SV surged forward by 18.49%, and Cardano’s ADA added 13.81%. Ethereum also rose by 14.76%.
Stellar’s Lumen and Tezos weren’t far, rising by 15.37% and 13.63%, respectively. Ripple’s XRP also hit high by 10.15%, and Tron’s TRX jumped by 17.90%. On the other hand, Bitcoin Cash ABC surged forward by 11.98%, with EOS adding 11.02% and Litecoin rising by 8.84%.
The crypto total market cap stood at $191.05bn on Monday. Due to the recent rallies, the total market cap soared from a Monday low $168.04bn to a late Thursday high $197.15bn last week.
After a mixed Sunday session, the cryptocurrency market rallied on Monday morning. The cryptos moved into bullish territory yesterday morning. Bitcoin Cash ABC and Bitcoin Cash SV surged by 1.74% and by 1.58%.
What about Bitcoin?
Bitcoin traded up by 1.10% to $6,854.8 on Monday. It jumped from the morning low of $6,775.1 to a high $6,888.0 during the day. However, the crypto dropped by 1.46% on Sunday after gaining 2.05% on Saturday. But it still ended the week up 15.06% to $6,780.2.
Bitcoin rose to an early morning intraday high of $6,917.9 on Sunday, but it fell short of the first major resistance level at $7,042.73 and dropped down to a late afternoon intraday low of $6,690.2. Despite that, Bitcoin managed to find support at the first major support level at $6,688.73 and recovered to $6,800 levels.
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