Bitcoin lost 0.64% on Wednesday. And it also declined by 0.77% on Thursday, ending the day at $9,400.0. The crypto rebounded from an early dip to hit a late morning intraday high of $9,496.9 before pulling back. After falling short of the first major resistance level at $9,606.27, it tumbled down to a late intraday low of $9,285.0.
As a result, Bitcoin dropped through the first major support level at $9,300.27. However, the crypto managed to find late support and broke through the first major support level to $9,400 levels, thus limiting the loss on the day.
On Friday, Bitcoin tumbled down by 0.48% to $9,355.0. After a bearish start of the day, the crypto slid from an early morning high of $9,400.0 to a low of $9,333.4. It left the major support and resistance levels untested so far.
Bitcoin’s dominance jumped to a Monday high of 66.60% before dropping to a Wednesday low of 65.87%. On Friday, Bitcoin’s dominance stood at 66.10%.
What about the other cryptocurrencies?
The rest of the major crypto also traded in bearish territory on Thursday. Binance Coin plummeted down by 1.53%, and Bitcoin Cash SV shaved off 1.49%. Meanwhile, Cardano’s ADA declined by 1.91%, with Litecoin, Ripple’s XRP, and Stellar’s Lumen losing 1.45%, 1.68%, 1.47%, respectively.
Several other cryptos struggled as well. Bitcoin Cash ABC tumbled down by 1.21%, while EOS dropped down by 1.19%, and Ethereum fell by 1.09%. Tron’s TRX also lowered by 1.03%.
However, Monero’s XMR and Tezos lost relatively modest amounts, falling by 0.17% and 0.51%, respectively.
On the other hand, the crypto market fluctuated on Friday. Binance Coin soared by 0.33%. But others ended in the red. Cardano’s ADA decreased by 1.05%, losing the most.
During this week, the crypto total market cap plunged to a Monday low of $246.94bn before hitting a Wednesday high of $266.87bn. On Friday, the total market cap stood at $260.24bn.
- Trading Instrument