Major cryptos ended in the red on Friday – Market’s Wrap

Major cryptos ended in the red on Friday – Market’s Wrap

The cryptocurrency market traded mostly in the red on Friday. Bitcoin Cash SV tumbled down by 0.58%. However, several of the digital coins managed to gain modestly. Binance Coin increased by 0.51%, while Monero’s XMR rose by 0.22%, and Tezos edged up by 0.01%. But other majors suffered losses during the session.

 

On the other hand, most of the cryptos traded on bullish territory on Thursday. Ethereum rallied by 5.39%, leading the way. Meanwhile, Bitcoin Cash ABC skyrocketed by 2.43%, and Bitcoin Cash SV jumped by 1.52%.

 

Litecoin gained 2.92%, and Monero’s XMR soared by 2.58%, while Stellar’s Lumen climbed up by 1.72%, all of them finding strong support.

 

Other cryptos had relatively humble growths. Binance Coin rose by 0.55%, and Cardano’s ADA soared by 0.62%. Furthermore, EOS, Ripple’s XRP, Tezos and Tron’s TRX edged up by 0.90%, 0.36%, 0.90%, and 0.32%, respectively.

 

How did Bitcoin fare during the last session?

 

Bitcoin plummeted down by 0.16% to $11,105.0 on Friday. The crypto rallied to an early morning high $11,149.3 before dropping to a low $11,100.3.

 

However, Bitcoin edged up by 0.05% on Thursday, ending the day at $11,123.0. The crypto plunged to an early afternoon intraday low $10,855.8 at the beginning. But it found support at the first major support level at $10,852 and skyrocketed to a late high of $11,186.1.

 

Despite that, Bitcoin fell short of the first major resistance level at $11,380 and lowered to sub-$11,100 levels. The crypto jumped to a final hour intraday high of $11,188 later and ended the day in the green.

 

The crypto’s near-term bullish trend remained intact during the week, supported by the latest move through to $11,000 levels. BTC’s dominance surged from a Monday low 62.43% to a Tuesday high 64.57% before tumbling back. On Friday, Bitcoin’s dominance stood at 63.58.

 

Last week, the crypto total market cap rallied from a Monday low $285.49bn to a Monday high $335.81bn. The total market cap stood at $321.79bn on Friday.

 

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