The cryptocurrency market rallied on Monday morning. Bitcoin was last traded up by 1.10% to $6,854.8. It soared from the morning low of $6,775.1 to a high $6,888.0 during the day. However, the crypto left the major support and resistance levels untested so far.
The other cryptos also moved to bullish territory this morning. Bitcoin Cash ABC and Bitcoin Cash SV rallied by 1.74% and by 1.58%.
However, cryptocurrencies fluctuated during the weekend. Bitcoin dropped by 1.46% on Sunday after gaining 2.05% on Saturday. Nonetheless, it ended the week up 15.06% to $6,780.2.
The crypto rose to an early morning intraday high $6,917.9 on Sunday before hitting reverse. After that, it fell short of the first major resistance level at $7,042.73 and tumbled down to a late afternoon intraday low $6,690.2.
Still, Bitcoin managed to find support at the first major support level at $6,688.73 and recovered to $6,800 levels before sliding again.
Stellar’s Lumen and Tron gained the most, rallying by 3.81% and 4.73%, respectively. But it was the bearish Sunday for the other cryptos. Bitcoin Cash ABC lost 3.22%, while Bitcoin Cash SV lowered by 2.93%. Cardano’s ADA also shaved 2.04%, and Tezos fell by 2.23%.
Binance Coin and EOS saw relatively modest losses, falling by 1.01% and 0.34%, respectively. Meanwhile, Ethereum dropped by 1.18%, while Litecoin declined by 1.08%, and Ripple’s XRP lost 1.23%.
Before lowering, most of the cryptos soared on Friday. Binance Coin and Monero’s XMR skyrocketed by 21.26% and by 20.89%, respectively.
Bitcoin Cash SV surged forward by 18.49%, while Cardano’s ADA added 13.81%, and Ethereum rose by 14.76%. Stellar’s Lumen and Tezos also saw significant gains, rising by 15.37% and 13.63%, respectively. Tron’s TRX also jumped by17.90%.
The other major cryptos profited too. Bitcoin Cash ABC skyrocketed by 11.98%, with EOSadding 11.02% and Litecoin rising by 8.84%. Ripple’s XRP also hit high by 10.15%.
As a result, the crypto total market cap jumped from a Monday low $168.04bn to a late Thursday high $197.15bn last week. The total market cap stood at $191.05bn today.
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