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.