Cryptocurrency market rebounded on Friday. What about BTC?

Cryptocurrency market rebounded on Friday. What about BTC?

The major cryptocurrencies recovered on Friday, trading in the green. Tezos surged forward by 2.33%, leading the way. Binance Coin also jumped 1.29%, and Cardano’s ADA rose by 1.13%.

However, the cryptocurrency market traded on bearish territory on Thursday. Stellar’s Lumen, Tron’s TRX, and Cardano’s ADA lost the highest amounts, plunging by 10.45%, 10.42%, and 10.36%. Tezos also tumbled down by 9.73%.

Several other major cryptos lowered significantly as well. Both Monero’s XMR and EOS plummeted down by 8.86%. Meanwhile, Bitcoin Cash ABC tumbled down by 8.68%, with Litecoin dropping by 7.54%.

Ripple’s XRP also dropped by 7.44%, while Bitcoin Cash SV and Ethereum plummeted down by 7.38% and 7.22%, respectively. And Binance Coin lost 6.84%.

How did Bitcoin fare?

Bitcoin soared by 0.61% to $9,328.6 on Friday. After a mixed start of the day, the crypto tumbled down to an early morning low of $9,246.0 before striking a high of $9,330.0. But it left the major support and resistance levels untested.

On the other hand, Bitcoin collapsed by 6.33% on Thursday, ending the day at $9,272.2. After a bullish start of the day, the crypto hit an early morning intraday high of $9,972.8 before pulling back.

Furthermore, Bitcoin fell short of the first major resistance level of $10,053.33 and dropped to a late afternoon intraday low of $9,084.0.

Bitcoin slid through the day’s major support levels after pulling back. Despite that, it found support from the broader market later. Thanks to a partial rebound to levels around $9,270, Bitcoin moved back through the third major support level at $9,156.67.

Bitcoin’s dominance stood at 66.15% on Friday. It hit a current week high of 66.36% and a low of 65.70% in Thursday’s sell-off.

Meanwhile, the crypto total market cap stood at $259.01bn on Friday. During the last week, the total market cap had rebounded from a Tuesday low of $265.84bn. The market cap jumped to a Wednesday high of $278.33bn before falling to a current week low of $252.82bn.

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