The crypto market traded on the bullish territory on Thursday. Binance Coin lowered by 1.59%, leading the way down. On the other hand, Tezos managed to recover some losses from Wednesday, gaining 1.49%.
On Wednesday, the major cryptos fluctuated. Binance Coin and Monero’s XMR rallied by 4.48% and 3.59%, respectively.
Ethereum skyrocketed by 2.94%, while Bitcoin Cash ABC surged forward by 2.71%, and Bitcoin Cash SV soared by 2.89%. Litecoin increased by 2.29%, with EOS also gaining 0.71%. Ripple’s XRP edged up by 0.38%.
Meanwhile, several other major digital coins traded on bearish territory. Tezos plunged by 4.04%, while Tron’s TRX decreased by 0.68%. Cardano’s ADA also fell by 0.99%, but Stellar’s Lumen tumbled down by 2.66%.
How did Bitcoin fare?
Bitcoin declined by 0.82% to $11,639.5 on Thursday. The crypto hit an early morning high $11,799.0 before tumbling down to a low $11,605.0. It left the major support and resistance levels untested as well.
On Wednesday, Bitcoin rallied by 4.91%, ending the day at $11,735.8. The crypto fluctuated during the session. It plummeted down to an early morning intraday low $11,085 before making a move.
Furthermore, Bitcoin surged forward to a late intraday high $11,800 after steering clear of the first major support level at $10,993. It broke through the first major resistance level at $11,386, as well as the second major resistance level at $11,587.
However, Bitcoin dropped through the second resistance level for a short time before ending the day at $11,700.
So far, the near-term bullish trend remained intact, with the latest move through to $11,000 levels supporting it. Bitcoin would need to plunge through the 62% FIB of $6,400 to form a near-term bearish trend.
Bitcoin’s dominance stood at 62.38% on Thursday. Bitcoin’s dominance fell from a Monday high 62.46% to a Tuesday low 61.24%.
During the week, the crypto total market cap jumped from a Monday low $323.88bn to a Wednesday high $352.79bn. The total market cap stood at $344.35bn on Thursday.