Cryptocurrencies

Crypto market traded in the red on Friday. What about BTC?

Stellar’s Lumen surged forward on Friday, rising by 0.67%. However, other major cryptos traded in bearish territory. Binance Coin and Tezos plummeted down by 0.64% and by 0.66%, respectively, leading the way down.

The Crypto market fluctuated on Thursday. Stellar’s Lumen rallied by 8.65%. However, the rest of the majors traded in the red. Cardano’s ADA tumbled down by 3.50%, while Monero’s XMR dropped by 4.02%, and Tezos lost 3.53%.

Furthermore, Binance Coin decreased by 2.61%, and Bitcoin Cash SV plunged by 2.84%. Ethereum and Litecoin wavered as well, lowering by 2.07% and 2.80%, respectively.

However, several other digital coins saw relatively modest losses. Bitcoin Cash ABC dropped by 1.28%, and EOS shaved off 1.18%. Meanwhile, Ripple’s XRP fell by 1.58%, and Tron’s TRX lost 1.90%.

 

How did Bitcoin fare?

Bitcoin lowered by 0.10% to $9,140.5 on Friday. After starting the session in the red, Bitcoin plummeted down from an early morning high of $9,150.8 to a low of $9,137.4. It also left the major support and resistance levels untested.

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On Thursday, the crypto fell by 0.66%, ending the day at $9,149.6. It hit an early morning intraday high of $9,227.2 before reversing course.

Furthermore, Bitcoin fell short of the first major resistance level at $9,267.06, tumbling to a late morning intraday low of $9,026.6.

Then it plunged through the first major support level at $9,166.07, as well as the second major resistance level at $9,122.03.

However, the crypto found support at the third major support level at $9,021.03 and returned to $9,160 levels.

Bitcoin’s dominance plunged to a Monday low of 63.09% before soaring to a Thursday high of 64.28%. On Friday, Bitcoin’s dominance stood at 63.72%.

The crypto total market cap stood at $263.90bn on Friday. Over this week, the total market cap rallied to a Monday high of $273.18bn before dropping to a Thursday low of $258.89bn.

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