The cryptocurrency market traded on bearish territory on Tuesday. Most of the major cryptos declined. Tron’s TRX suffered the most, declining by 2.80%. Bitcoin fell by 1.11% to $7,692.3 after a bearish start of the day. The crypto tumbled down from an early morning high $7,777.7 to a low $7,679.7.
Furthermore, Bitcoin left the major support and resistance levels untested and fell through the 38.2% FIB of $7,730 yesterday morning. On the other hand, Stellar’s Lumen rose by 0.20%.
After the last week’s rally, the crypto market fluctuated on Monday. Stellar’s Lumen surged forward by 7.86%, gaining the most. Cardano’s ADA soared by 1.18%, while Monero’s XMR increased by 1.47%, and Tron’s TRX edged up by 1.39%.
Meanwhile, several cryptos saw modest gains. Binance Coin added 0.24%, and EOS inched up by 0.12%. Ripple’s XRP also rose by 0.67%.
There were losers too, with Bitcoin Cash ABC leading the way. It fell by 1.57%, while Bitcoin Cash SV declined by 0.81%. Ethereum also dropped down by 0.52%, and Litecoin lost 0.25%, with Tezos tumbling down by 0.88%.
What about Bitcoin?
Bitcoin rallied on Sunday, gaining a 2.11%. Moreover, the crypto soared by 1.04% on Monday as well, ending the day at $7,777.6. After the bullish start of Monday, Bitcoin hit an early morning high $7,771.5 before declining again. But it slid to an early afternoon intraday low $7,613.4 shortly after falling short of the first major resistance level at $7,772.7.
The crypto fell through the 38.2% FIB of $7,730 after steering clear of the first major support level at $7,548.3. But it found support later and hit a late intraday high $7,777.7.
The crypto total market cap reached $222.31bn on Tuesday. After the last day’s gains, the total market cap rose from a low $220.56bn to a high $223.60bn on Monday. Meanwhile, Bitcoin’s dominance recovered to 64% levels on Monday, after hovering at sub-64% during the last week.
- Trading Instrument