Cryptocurrencies Surge Forward with Bitcoin Leading Rally

Cryptocurrencies Surge Forward with Bitcoin Leading Rally

Cryptocurrencies continue their rally amidst the coronavirus outbreak and the U.S. dollar’s surge. Bitcoin ended the session in the green along with the other ten prominent cryptos, hitting record highs. Here is the market’s wrap, displaying the cryptocurrencies’ moves during the last three days.

Bitcoin began to increase steadily on Saturday. It first gained 0.73%, ending that day at $9,877.2, but then fell in the early morning at $9,657.8, before rising again.

It hit its first major support level at $9,706.07, which resulted in surging forward at $9,920.8 to a late intraday. After that, Bitcoin managed to break through the first major resistance level at $9,882.17, reaching $9,900 for the first time since October.

However, later in the day, Bitcoin hit the second major resistance level at $9,959.13 and fell back to sub-$9,900.

Yesterday it rose again at $10,073.0, reaching 1.98%. All in all, Bitcoin broke through the two major resistance levels – first at $9,979.4 and second at $10,081.6 during the last three days.

How About the Other Cryptos? 

Meanwhile, other cryptocurrencies also hit a high. Although, some had a little rough time before surging forward.

Bitcoin Cash SV was on the top with a 13.43% rise. EOS gained 3.64%, while Tezos climbed up with 4.85%, and Litecoin increased by 3.22%.

However, Bitcoin Cash ABC dropped down by 1.66%. Binance Coin declined by 1.00%. Ripple’s XRP and Stellar’s Lumen also ended the day in the red, losing 0.75% and 0.94%, respectively.

On the other hand, Ethereum rose by 0.07%, and Cardano’s ADA added 0.67%, with Monero’s XMR also increasing by 1.56%. All three cryptos ended the day in the green.

Earlier yesterday, Bitcoin Cash SV and Binance Coin were leading with gains of 8.30% and 6.56%, respectively. Litecoin and Tezos weren’t far with the rise of 0.73% and 0.37%.

All in all, the crypto total market cap surged from a Tuesday low $254.52bn to an early Sunday high $286.16bn., reaching $285.90bn on Sunday.

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