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.
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.
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