Cryptocurrency Market Rallied. Which Cryptos Gained Most?

Cryptocurrency Market Rallied. Which Cryptos Gained Most?

The cryptocurrencies market rallied on Thursday. Almost all major cryptos rose after suffering significant losses earlier this month. Binance Coin and Ripple’s XRP skyrocketed by 8.20% and 8.97%, respectively.

Monero’s XMR soared by 6.90%, while Stellar’s Lumen added 5.31%. Meanwhile, Cardano’s ADA gained 5.10%, and Tron’s TRX rose by 4.95%.

While those four were leading the rally, several other cryptos weren’t far with their gains. Bitcoin Cash ABC increased by 3.22%, with Bitcoin Cash SV rising moderately by 0.50%.

Furthermore, EOS soared by 1.35%, and Ethereum increased by 1.94%. Litecoin and Tezos also added 3.31% and 2.79%, respectively.

What about Bitcoin?

Bitcoin, on the other hand, gained moderately on Thursday, rising by 0.95% and ending the day at $6,751.9. The crypto dropped down by 1.09% on Wednesday before beginning to rise again.

Major cryptocurrency rallied to an early morning intraday high $6,790.8 after the bullish start on Thursday. However, Bitcoin dropped down to an early afternoon intraday low of $6,516.0 after falling short of the first major resistance level at $6,960.73.

The crypto also steered clear of the first major support level at $6,422.93, but it found support later and closed out the day in the green.

So far, Bitcoin’s near-term bearish trend, which formed at late June’s swing hi $13,764.0, remains firmly intact, reaffirmed by the March swing lo $4,000. The crypto would need to break out from $10,000 levels for traders to form a near-term bullish trend. Despite the recent rally, Bitcoin hasn’t managed it yet.

However, after the other crypto gains, the total crypto market cap skyrocketed from a Monday low $163.00bn to a Wednesday high $191.26bn during the last week. It stood at $188.71bn at the end of the week.

The crypto market was bullish on Friday. Bitcoin soared from an early morning low $6,752.0 to a high of $6,861.4, testing the first major resistance level at $6,856.47. The crypto was up by 1.37% to $6,844.4 at last. Bitcoin Cash ABC and Litecoin also continued to rise.

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