Ten Major Cryptocurrencies Ended the Last Session in Green

Ten Major Cryptocurrencies Ended the Last Session in Green

The cryptocurrencies market is surging forward. The major cryptos hit high during last week. Bitcoin Cash SV rose by 13.43%, Tezos also gained 4.85%. While EOS added 3.64%, and Litecoin is up by 3.22%.

Furthermore, Ethereum, Cardano’s ADA, and Monero’s XMR advanced significantly. While the Ethereum increased by 0.07%, Cardano’s ADA added 0.67%, and Monero’s XMR rose by 1.56%.

Bitcoin Cash SV and Binance Coin were leading with gains on Sunday, the first one rising by 8.30%, and the second one adding 6.56%. Litecoin and Tezos, on the other hand, increased by 0.73% and 0.37%, respectively.

However, some currencies experienced drawbacks while the others rallied. Bitcoin Cash ABC fell by 1.66%, while Binance Coin plummeted down by 1.00%. Stellar’s Lumen dropped by 0.94%, with Ripple’s XRP not far at 0.75% loss.

It seems China’s virus outbreak and safe-haven futures surge has had no significant influence on the crypto market. Some experts speculated that Bitcoin might become another safe-haven asset, but so far, it remains just a theory. Although, BTC continues to hit high records for now.

Here’s How Bitcoin Fared During the Last Week

Crypto began to gain steadily on Saturday. It rose 0.73%, ending the day at $9,877.2, but then fell in the early morning at $9,657.8, though not for a long time.

It rushed forward at $9,920.8 to a late intraday after hitting its first major support level at $9,706.07. Afterwards, Bitcoin managed to break through the first major resistance level at $9,882.17. The crypto hit the $9,900 for the first time since October.

However, Bitcoin hit the second major resistance level at $9,959.13 later that day, falling back to sub-$9,900. On Sunday, it increased again to $10,073.0, reaching 1.98%.

During the last three days, Bitcoin managed to break through the two major resistance levels – at $9,979.4 and $10,081.6, respectively.

Such a rally caused the crypto total market cap to surge from a Tuesday low $254.52bn to an early Sunday high $286.16bn., reaching $285.90bn on Sunday.

 

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