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.

Related Post

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.

Recent Posts

Gold Price Hits $2,388.10, Edges Up by 0.1%

Key Points: Market expert predicts a potential rise to $2,400 for gold, dependent on economic cues like Federal Reserve decisions.…

2 hours ago

EUR/USD Reaches 1.0900, Gains for Fourth Week

Key Points: EUR/USD Ascension: The currency pair approaches a crucial level of 1.0900, highlighting its fourth weekly gain and the…

2 hours ago

GBP/USD Adjusts to 1.2688 Amid Key Economic Update

Key Points: Fed speakers and reports awaited: Comments from Fed officials and upcoming economic reports could impact GBP/USD volatility. US…

2 hours ago

NZD/USD Hits 0.6120, Reflecting Economic Signals

Key Points: NZD/USD Reaches 0.6120: Early gains reflect shifting trader sentiment based on US and NZ economic cues. RBNZ's Firm…

2 hours ago

Tactical Sector Rotation Strategies for Investors

Sector rotation is a crucial strategy in the arsenal of seasoned investors and traders, representing the tactical reallocation of capital…

20 hours ago

Stock Market Pauses as April CPI Rises by 0.4%

Key Points: Stock Market's Stance: Dow edged up 19 points; S&P 500 and Nasdaq nearly unchanged, showing caution before CPI…

21 hours ago

This website uses cookies.