Major cryptos fell on Tuesday after gaining on Monday

Major cryptos fell on Tuesday after gaining on Monday

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.

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