Bitcoin declined by 1.43% on Sunday, ending the week down by 4.15% to $9,344.8. The crypto dropped from an early morning intraday of high $9,486.0 to a late intraday of low $9,262.0. It then slid through the first major support level at $9,396.8, as well as the second major support level at $9,312.7.
However, Bitcoin managed to find support late in the day and briefly hit a high of $9,400.1 before pulling back. While the crypto broke through the second major support level, the first major support level pinned it back.
On Monday, Bitcoin tumbled down by 0.26% to $9,320.1. The crypto dropped from an early morning high of $9,370.7 to a low of $9,290.6. But it left the major support and resistance levels untested so far.
What about the other major cryptos?
The Cryptocurrency market traded in the bearish territory on Sunday. Tezos plunged by 4.27%, while Stellar’s Lumen tumbled down by 3.72%, and Cardano’s ADA lowered by 03.34%.
Meanwhile, several other digital coins lost relatively heavy amounts. Ethereum declined by 2.87%, and Litecoin dropped down by 2.42%, with Tron’s TRX shaving off 2.64%.
On the other hand, Binance Coin, Bitcoin Cash ABC, and Bitcoin Cash SV dropped down by 1.66%, 0.58%, 1.23%, respectively. EOS slid by 1.59%, with Monero’s XMR decreasing by 1.38%, and Ripple’s XRP by 1.07%.
Overall, last week was bearish for the cryptos as well. Cardan’s ADA collapsed by 11.83% during the week, while EOS plunged by 8.62%, and Stellar’s Lumen fell by 9.98%. Tezos also tumbled down by 10.57%, and Tron’s TRX lost 10.78%.
Major cryptos traded in the red on Monday as well. Bitcoin Cash ABC declined by 0.95%, and Bitcoin Cash SV lowered by 0.88%. Cardano’s ADA also dropped by 1.06%, and Tron’s TRX lost 0.93%.
During the last week, the crypto total market cap had rebounded from a Tuesday low of $265.84bn, hitting a Wednesday high of $278.33bn before Thursday’s sell-off. But, after the sell-off, the total market cap dropped to a week low of $252.82bn. On Monday, the total market cap stood at $258.87bn.
- Trading Instrument