The crypto market traded in red on Friday. What about BTC?
Bitcoin declined by 0.16% to $11,105.0 on Friday. The crypto skyrocketed to an early morning high $11,149.3 before dropping to a low $11,100.3. It left the major support and resistance levels untested as well.
On Thursday, Bitcoin edged up by 0.05%, ending the day at $11,123.0. After starting the day on the bearish territory, Bitcoin plummeted down to an early afternoon intraday low $10,855.8. Despite that, it managed to find support at the first major support level at $10,852 and hit a late high of $11,186.1.
Later, the crypto fell short of the first major resistance level at $11,380, tumbling back to sub-$11,100 levels. But Bitcoin hit a final hour intraday high $11,188 and ended the day in the green.
Bitcoin’s dominance surged from a Monday low 62.43% to a Tuesday high 64.57% before lowering again. On Friday, Bitcoin’s dominance stood at 63.58. Thus far, the near-term bullish trend remained intact, supported by the latest move through to $11,000 levels.
How did other cryptos fare?
Binance Coin increased by 0.51% on Friday, while Monero’s XMR rose by 0.22%, and Tezos edged up by 0.01%. But most of the other digital coins traded in the red. Bitcoin Cash SV tumbled down by 0.58%, losing the most.
On Thursday, most of the major cryptos traded on the bullish territory. Several of them gained modestly. Binance Coin rose by 0.55%, and Cardano’s ADA increased by 0.62%. Meanwhile, EOS, Ripple’s XRP, Tezos and Tron’s TRX added 0.90%, 0.36%, 0.90%, and 0.32%, respectively.
On the other hand, Ethereum rallied by 5.39%, leading the way. Bitcoin Cash ABC skyrocketed by 2.43%, and Bitcoin Cash SV jumped by 1.52%. Litecoin soared by 2.92%, while Monero’s XMR surged forward by 2.58%, and Stellar’s Lumen gained 1.72%, all of them finding strong support.
The crypto total market cap surged from a Monday low $285.49bn to a Monday high $335.81bn. The total market cap stood at $321.79bn on Friday.
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