alexa certify
0

Major cryptos traded in bearish territory. What about BTC?

Bitcoin plummeted down by 0.48% to $9,355.0 on Friday. The crypto slid from an early morning high of $9,400.0 to a low of $9,333.4 after a bearish start of the day. It left the major support and resistance levels untested as well. 

 

On Wednesday and Thursday, Bitcoin traded in the red. The crypto declined by 0.64% and 0.77%, respectively. It ended Thursday’s session at $9,400.0. Before pulling back again, the crypto rebounded from an early drop to hit a late morning intraday high of $9,496.9. But after falling short of the first major resistance level at $9,606.27, it plunged to a late intraday low of $9,285.0.

 

Furthermore, Bitcoin slid through the first major support level at $9,300.27. Despite that, the crypto found late support and managed to break through the first major support level to $9,400 levels.

 

Bitcoin’s dominance stood at 66.10% on Friday. During the week, Bitcoin’s dominance hit a Monday high of 66.60% before falling to a Wednesday low of 65.87%. 

 

How did the other cryptocurrencies fare?

 

The crypto market fluctuated on Friday. Binance Coin climbed up by 0.33%. But other majors ended in bearish territory. Cardano’s ADA fell by 1.05%, losing the most. 

 

The digital coins traded in the red on Thursday as well. Cardano’s ADA plunged by 1.91%, with Litecoin, Ripple’s XRP, and Stellar’s Lumen dropping 1.45%, 1.68%, 1.47%, respectively. Meanwhile, Binance Coin tumbled down by 1.53%, and Bitcoin Cash SV lost 1.49%. 

 

Several other cryptos weren’t far behind. Bitcoin Cash ABC plummeted down by 1.21%, and EOS dropped down by 1.19%. Ethereum also decreased by 1.09%, while Tron’s TRX lowered by 1.03%.

 

On the other hand, Monero’s XMR and Tezos lost modest amounts, dropping by 0.17% and 0.51%, respectively.

 

On Friday, the crypto total market cap stood at $260.24bn. During this week, the total market cap plummeted to a Monday low of $246.94bn before hitting a Wednesday high of $266.87bn. 

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 0 (0 reviews)

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. Subscribe now and receive FREE updates on the market today!

Leave a Reply

Sending

Subscribe to Our Newsletters

Have the best of Finance Brokerage News delivered directly to your mailbox. Subscribe now to receive the latest market news.