The cryptocurrency market traded on the bearish territory on Monday. Most of the major cryptos ended the day in the red. Bitcoin Cash SV tumbled down by 3.91%, while EOS plummeted by 3.88%, and Litecoin fell by 3.30%.
The cryptos suffered losses on Sunday as well. Stellar’s Lumen and Tezos saw heavy losses, falling by 3.57% and 3.35%, respectively. Bitcoin Cash ABC declined by 3.75%, and Cardano’s ADA fell 3.70%. EOS also lost 3.55%, and Monero’s XMR decreased by 3.33%.
Other majors saw relatively modest losses. Binance Coin shaved 2.34%, with Bitcoin Cash SV falling by 2.28%. Tron’s TRX also dropped down by 2.37%. Meanwhile, Ethereum, Litecoin, and Ripple’s XRP slid by 1.87%, 2.25%, and 2.00%, respectively.
Despite Sunday’s bearish market, some of the cryptocurrencies profited well over the last week. Stellar’s Lumen gained most, rallying by 17.05%, while Ripple’s XRP surged forward by 11.69%, and Tron’s TRX grew by 11.86%.
Furthermore, Cardano’s ADA soared by 6.76%, and Bitcoin Cash SV rose by 5.65%. Litecoin also skyrocketed by 7.86%, and Ethereum rose by 6.29%.
How did Bitcoin fare?
Bitcoin fell by 1.99% to $8,723.0 on Monday, along with other majors. The crypto rose to a high $8,961.8 in the early morning trading, before falling to a low $8,631.0. After steering clear of the major resistance levels, it fell through the first major support level at $8,692.53.
Bitcoin lost 0.92% during Sunday’s session as well. Before lowering, the crypto rallied to an early morning intraday high $9,198.0. It also managed to break through the first major resistance level at $9,072.13, as well as the second major resistance level at $9,161.97. After that, the crypto slid to a mid-afternoon intraday low $8,738.0.
Bitcoin dropped through the first major support level at $8,824.33 before briefly recovering to $8,900 levels. However, it ended the day in the red. Despite that, the crypto gained 15.61%, rising to $8,899.8 over the last week.
The crypto total market cap stood at $244.53bn on Monday. The total market cap climbed up from a Monday low $220.56bn to a Thursday high $263.29bn during the week.
- Trading Instrument