Bitcoin traded in the red over the last two days. The crypto lost 2.66% on Saturday and plummeted down by 8.55% on Sunday, ending the week down by 2.01% at $8,722.2. After a bearish start of the day, Bitcoin dropped from an intraday high of $9,559.0 to an intraday low of $8,101.0. It also fell through the day’s major support levels before partially reversing the losses from the first hour.
However, after moving back through to $8,900 levels, Bitcoin managed to break through the third major support level at $8,761.93. Despite that, the crypto dropped back to levels around $8,500 before briefly revisiting $8,800 levels during the second half of the day.
On Monday, Bitcoin gained 0.38% to $8,755.1. The crypto rose from an early morning low of $8,721.2 to a high of $8,800. However, it left the major support and resistance levels untested so far.
What about other cryptos?
Several major cryptos traded in bearish territory during the weekend as well. Bitcoin Cash ABC and Bitcoin Cash SV suffered the highest losses, tumbling down by 12.08% and 12.65%, respectively.
EOS plummeted down by 11.00%, and Ethereum fell by 10.63%, while Litecoin shaved 10.22%. Stellar’s Lumen wasn’t far off, with a 10.00% loss, and Tron’s TRX also dropped by 10.77%.
Meanwhile, some majors saw more modest losses. Binance Coin, Cardano’s ADA, and Monero’s XMR declined by 8.30%, 7.17%, and 7.02%, respectively. Furthermore, Ripple’s XRP slid down by 8.68%, and Tezos fell by 8.95%.
On Sunday, EOS led the way down, dropping by 13.83%. Binance Coin, Bitcoin Cash SV, and Ethereum tumbled down by 10.44%, 11.81%, 10.71%. Meanwhile, Litecoin decreased by 12.48%, and Ripple’s XRP lost 10.06%. Stellar’s Lumen also plummeted down by 12.28%, with Tron’s TRX falling by 10.50%.
On the other hand, Monday was a bullish day for most of the major cryptos. Bitcoin Cash ABC and Monero’s XMR rose by 1.86% and by 1.91%, respectively, leading the way.
- Trading Instrument