Major cryptocurrencies traded on the bearish territory on Wednesday. Bitcoin Cash ABC declined by 0.62%, with Cardano’s ADA, Ethereum, and Tron’s TRX falling by 0.30%, 0.09%, and 1.22%, respectively. All of them ended the session in the red.
However, Bitcoin Cash SV soared by 1.28%. Several other majors also saw some gains, but the mood was still subdued.
The market fluctuated on Tuesday as well. Some cryptos surged forward, while others declined. Cardano’s ADA, Binance Coin, and Tezos hit high, gaining 4.75%, 3.61%, and by 3.19%, respectively.
Tron’s TRX also jumped by 2.29%. On the other hand, Bitcoin Cash ABC saw modest gains, rising by 0.18%, while Litecoin gained 0.97%.
Meanwhile, several digital coins ended the day in the red. Ripple’s XRP lowered by 0.19%, while Stellar’s Lumen struggled.
How did Bitcoin fare?
Bitcoin fluctuated on Wednesday. It dropped to an early morning low of $9,753.5 before hitting a high of $9,791.3. The crypto was trading lower by 0.01% to $9,768.6 at last notice. But it left the major support and resistance levels untested.
On the other hand, Bitcoin gained 0.56% on Tuesday. The crypto traded at $9,769.4 at the end of the day. After Monday’s bearish session, Bitcoin started the day in the bearish territory, falling to an early morning intraday low of $9,457.8.
Furthermore, it slid through the first major support level at $9,461.87, before jumping to a late morning intraday high of $9,878.0.
Bitcoin dropped back to $9,550 levels after falling short of the first major resistance level at $9,955.87. But it managed to find support late in the day and broke through to levels around $9,700.
Bitcoin’s dominance soared from a Monday low of 67.61% to a Tuesday high of 67.96% before lowering again. On Wednesday, Bitcoin’s dominance fell to 67.89%.
The crypto total market cap also tumbled down from Monday’s $268.43bn to a Tuesday low of $257.06bn. The total market cap stood at $264.80bn on Wednesday.
- Trading Instrument