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.
- Trading Instrument