The cryptocurrency market traded mostly in the green on Friday. Bitcoin Cash ABC surged forward by 2.53%, leading the way. However, Cardano’s ADA declined by 0.17%, with Stellar’s Lumen and Tezos also tumbled down by 0.54% and 0.15%, respectively.
On the other hand, major cryptos fluctuated on Thursday. Some of the majors traded in relatively bullish territory. Cardano’s ADA jumped by 3.68%, gaining the most. Monero’s XMR also added 1.34% after finding strong support.
Bitcoin Cash ABC soared by 1.27%, and Litecoin rose by 0.59%. Bitcoin Cash SV also increased by 0.30%, and EOS climbed up by 0.88%. However, Ripple’s XRP ended the session flat.
Several cryptos ended in the red. Binance Coin lowered by 0.40%, and Ethereum declined by 0.58%. Furthermore, Stellar’s Lumen slid by 0.62%, and Tezos plummeted down by 1.61%, with Tron’s TRX dropping by 0.29%.
How did Bitcoin fare?
Bitcoin climbed up by 0.19% to $9,809.0 on Friday. The crypto jumped to a high of $9,848.9 after falling to an early morning low of $9,765.3. But it left the major support and resistance levels untested.
On Thursday, Bitcoin gained 1.17%, ending the day at $9,790.7. It fluctuated during the session. The crypto hit an early morning high of $9,690.6 before dropping to a late morning intraday low of $9,461.0. Bitcoin also dropped through the first major support level at $9,504.13 after steering clear of the major resistance levels.
Despite that, Bitcoin managed to find support and recovered in the afternoon, surging to a late afternoon intraday high of $9,882.1 before pulling back. The crypto also broke through the first major resistance level at $9,744.93, as well as the second major resistance level at $9,813.27. But resistance at $9,900 pinned Bitcoin back, and it plunged through the second major resistance level to end the day at sub-$9,800 levels.
On Friday, the crypto total market cap stood at $273.47bn. The total market cap jumped to a Monday high of $285.71bn before tumbling down to a Tuesday low of $255.98bn.
- Trading Instrument