Bitcoin fell by 0.67% to $8,959.4 on Wednesday. After a bearish start of the day, the crypto fell from an early morning high of $9,036.0 to a low of $8.913.6. It left the major support and resistance levels untested so far.
The other major cryptos traded on the bearish territory as well. Bitcoin Cash SV and Monero’s XMR shaved the most, falling by 1.11% and 1.03%, respectively.
However, Bitcoin jumped by 1.72% on Tuesday, ending the day at $9,020.1. This is the first time Bitcoin held onto levels around $9,000 since March 6. After a mixed start of the day, the crypto rallied to a mid-morning intraday high of $9,124.8 before reversing the course. It also managed to break through the first major resistance level at $9,046.07 before falling to a late morning intraday low of $8,758.6.
Bitcoin rebounded through the afternoon to wrap up the day at $9,000 levels, after steering clear of the first major support level at $8,601.27. Despite the rebound, the crypto failed to break back through the first major resistance level.
What about other major cryptocurrencies?
The cryptocurrency market fluctuated on Tuesday. Bitcoin Cash SV ended the day in the green, gaining 1.86%, while Cardano’s ADA and EOS were flat at the end of the session.
However, for the rest of the majors it was a bearish day. Tron’s TRX plummeted down by 2.56%, losing the most. Litecoin also declined by 1.04%, while Monero’s XMR lowered by 1.24%, and Stellar’s Lumen fell by 1.89%.
Meanwhile, Tezos tumbled down by 1.12%, and Binance Coin dropped by 0.76%. Bitcoin Cash ABC, Ethereum, and Ripple’s XRP saw relatively modest losses, falling by 0.76%, 0.77%, 0.55%, respectively.
The crypto total market cap climbed up from a Monday low of $240.56bn to a Tuesday high of $252.06bn. The total market cap stood at $248.97bn on Wednesday.
Bitcoin’s dominance held onto levels around 65% after Monday’s modest loss, but it reached levels around 66% on Tuesday. However, Bitcoin’s dominance stood at 66.2% on Wednesday.
- Trading Instrument