The cryptocurrency market fluctuated on Friday. Majority of digital coins traded in the green. EOS gained the most in the early session, jumping by 1.49%. On the other hand, Cardano’s ADA tumbled down along with Bitcoin, losing 0.46%.
Major cryptos skyrocketed on Thursday as well, as most of the digital currencies gained. Cardano’s ADA surged forward by 17.71%.
Ethereum jumped by 5.77%, Monero’s XMR gained 4.28%, and Stellar’s Lumen soared by 4.92%. Meanwhile, Tezos and Tron’s TRX increased by 4.37% and 3.12%, respectively, after finding strong support. Binance Coin also climbed up 3.64%, while Bitcoin Cash ABC gained 3.34%.
It was a profitable session for several other cryptos as well. Litecoin soared by 2.05%, while Bitcoin Cash SV grew by 1.17%, and EOS gained 1.67%. However, Ripple’s XRP trailed behind the front-runners, with a 1.37% gain.
Bitcoin lowered by 0.57% to $9,535.0 on Friday. The crypto jumped to an early morning high of $9,618.8 before tumbling down to a low of $9,483.5.
However, Bitcoin surged forward by 4.11% on Thursday. It dropped down to a mid-morning intraday low of $9,118.2 before making a move.
Despite that, Bitcoin skyrocketed to a final hour intraday high of $9,630.3 after steering clear of the first major support level at $8,946.67. The crypto broke through the first major resistance level at $9,349.47, as well as the second major resistance level at $9,488.63, before falling back. The crypto ended the day at $9,589.3.
Bitcoin’s dominance plunged to a Monday low of 66.38% before reaching a high of 69.54% on Thursday. Bitcoin’s dominance stood at 66.99% by the end of the session. However, the near-term bearish trend, which started in late June 2019’s swing high of $13,764.0, is still firmly intact. It was reaffirmed by the March swing low of $4,000.
The total crypto market cap plummeted down to an early Monday low of $238.04bn before jumping to a Friday high of $263.53bn during the week. The total market cap stood at $261.58bn by the end.
Key Points: AUD/JPY broke below a rising wedge, signalling possible bearish momentum, with immediate resistance at 103.00 and support at…
Key Points EUR/JPY Rises to 168.25: Strengthened by robust Eurozone economy and steady ECB policy. Eurozone GDP Grew by 0.3%…
Key Points: Nio's shares hit 44.20 HKD, up 20%, with electric vehicle deliveries up 134.6% year-on-year to 15,620. BYD leads…
Key Points: Ethereum fell sharply from $3,355 to a low of $2,813, reflecting high volatility and sensitivity to market dynamics.…
Key Points Nikkei 225 slightly fell by 0.1%, while the Hang Seng index surged by 2.4%. USD/JPY increased slightly, highlighting…
Key Points: Gold prices rose on MCX India to ₹71,278/10 gm and COMEX US to $2,328/oz. The US Dollar Index…
This website uses cookies.