Cryptocurrencies Declined on Wednesday – The Market’s Wrap

Cryptocurrencies Declined on Wednesday – The Market’s Wrap

The major cryptocurrencies moved between ups and downs during the last few days. Bitcoin rallied by 8.74% on Monday, then it added 0.31% on Tuesday, ending the day at $6,427.7.

The crypto fluctuated on Tuesday. It rose to an early morning intraday high $6,536.0 before reversing the course. After it fell short of the first major resistance level at $6,735.43, Bitcoin dropped down to a mid-day intraday low $6,349.7.

Even though Bitcoin steered clear of the first major support level at $5,980.33, the crypto found support later in the afternoon and recovered to $6,400 levels, ending the day in the green.

All in all, Bitcoin declined by 10.83% during the last quarter. It fell by 24.9% in March, losing some of the gains from the start of the year. However, the global equity markets suffered more losses in the quarter.

What About the Other Cryptos? 

The other cryptocurrencies fluctuated during the last days as well. Some of them experienced bullish trading. Binance Coin gained 3.2%, with Cardano’s ADA soaring by 2.56% and Monero’s XMR adding 3.43%.

Stellar’s Lumen, Ripple’s XRP, and Tron’s TRX gained modestly, rising by 1.90%, 1.49%, and 1.08%, respectively. Meanwhile, Ethereum increased by 0.59%, and Litecoin rose by 0.41%. Tezos also climbed up by 0.07%.

On the other hand, Bitcoin Cash ABC, Bitcoin Cash SV, and EOS declined, losing 0.18%, 0.78%, and 0.62% respectively on Tuesday.

The crypto total market cap skyrocketed from a Monday low $168.04bn to a Tuesday high $182.28bn during the week. However, the total market cap stood at $178.54bn on Wednesday.

Bitcoin’s dominance lowered to sub-65% levels after Bitcoin gained modestly on Tuesday. The crypto’s dominance stood at 64.9% today. The crypto dropped by 1.46% to $6,334.0 this morning.

Other cryptos also started Wednesday’s session in the bearish territory. Monero’s XMR, Stellar’s Lumen, and Tezos declined by 2.53%, by 1.97%, and by 1.92%, respectively. While Cardano’s ADA, EOS and Ripple’s XRP were flat today.

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