The major cryptos fluctuated on Wednesday. Tezos gained 0.10%. However, most of the other cryptocurrencies traded in bearish territory. Cardano’s ADA plunged by 1.85%, leading the way down.
The cryptocurrency market traded in the green on Tuesday. Cardano’s ADA rallied, surging by 7.83%. Bitcoin Cash ABC wasn’t far off, with a 7.54% gain.
Bitcoin Cash SV skyrocketed by 3.73%, while EOS and Litecoin soared by 5.06% and 4.61%, respectively. Monero’s XMR also added 3.77%, and Stellar’s Lumen jumped by 3.66%. All of them managed to find strong support.
Meanwhile, several other digital coins gained modestly. Ripple’s XRP climbed up by 2.67%, with Binance Coin increasing by 2.27%. Tezos rose by 0.47%, and Tron’s TRX soared by 2.26%.
On the other hand, Ethereum ended in the red along with Bitcoin, losing 1.49% during Wednesday’s session.
How did Bitcoin fare?
Bitcoin lowered by 0.06% to $10,925 on Wednesday. The crypto skyrocketed to an early morning high of 10,994 before tumbling down to a low of $10,915.6. It left the major support and resistance levels untested as well.
On Tuesday, Bitcoin plummeted down by 1.02%, ending the day at $10,932. The crypto soared to an early morning intraday high of $11,263 before dropping back. It fell short of the first major resistance level at $11,634 and plunged to a late morning intraday low of $10,590.
Afterward, the crypto steered clear of the first major support level at $10,200, but it returned to $11,200 levels soon. However, Bitcoin ended the day on a bearish territory, dropping to levels around $11,000 at last.
Nonetheless, the near-term bullish trend remained intact as the latest run at $11,000 levels supported it. Bitcoin’s dominance rallied to a Tuesday high of 64.57% from a Monday low of 62.43% before pulling back. Bitcoin’s dominance stood at 63.88% on Wednesday.
On Wednesday, the crypto total market cap stood at $315.11bn. The total market cap surged from a Monday low of $285.49bn to a high of $335.80bn.
