The cryptocurrency market traded in the red on Wednesday. Most of the major cryptos suffered losses. Stellar’s Lumen and Tezos lowered by 1.64% and 1.39%, respectively.
However, Stellar’s Lumen skyrocketed by 3.39% on Tuesday. But other digital coins traded in bearish territory.
Several cryptos lost relatively modest amounts. Bitcoin Cash ABC fell by 1.22%, and Monero’s XMR dropped down by 1.78%, with Tezos losing 2.31%. Meanwhile, Bitcoin Cash SV and Cardano’s ADA tumbled down by 2.52% and 2.40%, respectively.
On the other hand, EOS plunged by 5.40%, and Litecoin declined by 4.68%. Tron’s TRX also tumbled down by 4.57%. Ethereum hasn’t fared much better, with a 4.31% loss. Furthermore, Binance Coin lowered by 3.73%, and Ripple’s XRP dropped by 3.75%.
How did Bitcoin fare?
Bitcoin traded in bearish territory on Wednesday as well. The crypto fell by 0.32% to $9,496.1. Bitcoin hit an early morning high of $9,538.1, before sliding to a low of $9,480.6. And it left the major support and resistance levels untested.
On Tuesday, Bitcoin collapsed by 6.84% and ended the day at $9,527.0. The crypto tumbled down from an early morning intraday high of $10,252.0 to an early morning low of $10,066.0.
Furthermore, Bitcoin steered clear of the first major support level at $9,632.53, but it managed to rebound to $10,200 levels before pulling back.
Afterwards, Bitcoin dropped to an early afternoon intraday low of $9,150.0. The crypto fell through the first major support level at $9,632.53 as well. It managed to find a late support by the end of the session. But despite that, Bitcoin couldn’t break through the first major support level. Resistance at $9,600 pulled the crypto back.
Bitcoin’s dominance stood at 66.02% on Wednesday. Bitcoin’s dominance hit a Monday high of 67.13% before tumbling to a Tuesday low of 65.64%.
The crypto total market cap stood at $264.36bn on Wednesday. The total market cap soared to a Monday high of $285.71bn, before dropping to a Tuesday low of $255.98bn over this week.
- Trading Instrument