Bitcoin dropped down by 0.32% to $9,496.1 on Wednesday. After a mixed start of the day, the crypto hit an early morning high of $9,538.1, before tumbling to a low of $9,480.6. It also left the major support and resistance levels untested so far.
The crypto traded in bearish territory on Tuesday, as well. It plunged by 6.84% and partially reversed an 8.2% gain from Monday, ending the day at $9,527.0.
Furthermore, Bitcoin plummeted down from an early morning intraday high of $10,252.0 to an early morning low of $10,066.0. The crypto steered clear of the first major support level at $9,632.53, but it managed to recover to $10,200 levels before reversing course.
After that, Bitcoin dropped to an early afternoon intraday low of $9,150.0 before finding support.The crypto also slid through the first major support level at $9,632.53. Despite finding late support, it failed to break through the first major support level. Resistance at $9,600 pulled Bitcoin back.
Bitcoin’s dominance hit a Monday high of 67.13% before dropping to a Tuesday low of 65.64%. On Wednesday, Bitcoin’s dominance stood at 66.02%.
Majors cryptos struggled on Wednesday’s session. Stellar’s Lumen and Tezos suffered the most, losing 1.64% and 1.39%.
On the other hand, the cryptocurrency market fluctuated on Tuesday. Stellar’s Lumen skyrocketed by 3.39%, gaining the most. However, others ended the session in the red.
EOS collapsed by 5.40%, while Litecoin lost 4.68%, and Tron’s TRX plunged by 4.57%. Binance Coin also plummeted down by 3.73%, while Ethereum shaved off 4.31%, with Ripple’s XRP falling by 3.75%.
Several other digital coins saw relatively modest losses. Bitcoin Cash SV and Cardano’s ADA declined by 2.52% and 2.40%, respectively. Meanwhile, Bitcoin Cash ABC dropped by 1.22%, and Monero’s XMR tumbled down by 1.78%, with Tezos losing 2.31%.
The crypto total market cap soared to a Monday high of $285.71bn, before falling to a Tuesday low of $255.98bn over this week. On Wednesday, the total market cap stood at $264.36bn.
Key Points: AUD/JPY broke below a rising wedge, signalling possible bearish momentum, with immediate resistance at 103.00 and support at…
Key Points EUR/JPY Rises to 168.25: Strengthened by robust Eurozone economy and steady ECB policy. Eurozone GDP Grew by 0.3%…
Key Points: Nio's shares hit 44.20 HKD, up 20%, with electric vehicle deliveries up 134.6% year-on-year to 15,620. BYD leads…
Key Points: Ethereum fell sharply from $3,355 to a low of $2,813, reflecting high volatility and sensitivity to market dynamics.…
Key Points Nikkei 225 slightly fell by 0.1%, while the Hang Seng index surged by 2.4%. USD/JPY increased slightly, highlighting…
Key Points: Gold prices rose on MCX India to ₹71,278/10 gm and COMEX US to $2,328/oz. The US Dollar Index…
This website uses cookies.