Mon, February 06, 2023

Bitcoin declined by 2.54%. What about other cryptos?

Bitcoin declined by 2.54%. What about other cryptos?

Bitcoin tumbled down by 2.54% to $47,161.0 on Friday. After a bearish start of the day, the crypto dropped to a low $47,055.0 from an early morning high $48,389.0. It also left the major support and resistance levels untested thus far.


The other major cryptos traded in the red as well. However, if Bitcoin moves back through to $50,000, that would support a broad-based crypto rebound.


On Thursday, Bitcoin plummeted down by 4.01%. After reversing a gain of 3.91% from Wednesday, the crypto ended the day at $48,388.0. Bitcoin jumped to an early morning intraday high $51,777.0 before reversing the course.


It also fell short of the first major resistance level at $52,649 and tumbled down to a late intraday low $47,603.0. Afterward, the sell-off caused Bitcoin to slid through the first major support level at $48,175. The crypto ended the day at $48,300 levels, though.


Thus far, the near-term bullish trend remains intact despite the latest pullback. To form a near-term bearish trend, the crypto would need to fall through the 62% FIB of $24,751.


Bitcoin’s dominance dropped to a Tuesday low of 61.08% before soaring to a Tuesday high of 62.40%. On Friday, Bitcoin’s dominance sat at 61.50%.


How did other major cryptos fare? 


The Crypto market traded on bearish territory on Friday. Coin plunged by 4.97%, leading the way down. On the other hand, major cryptos fluctuated on Thursday.


Ripple’s XRP skyrocketed by 7.33%, but most of the other coins ended in the red. Cardano’s ADA and Chainlink tumbled down by 8.31% and 7.37%, respectively.


Meanwhile, Binance Coin plummeted down by 4.59%, and Bitcoin Cash SV declined by 5.76%. Litecoin also lost 3.75%.


Some other cryptos suffered relatively modest losses. Coin decreased by 1.81%, and Ethereum dropped by 1.83%, while Polkadot shaved off 1.04%.


During the last week, the crypto total market plunged to a Monday low $1,347bn before soaring to a Wednesday high $1,600bn. On Friday, the total market cap sat at $1,422bn.



Shiba Inu: What’s Happening? Even if the overall cryptocurrency market on Thursday

Oil prices and interesting details

So far, sanctions on Russian crude oil have “completely failed,” and new

SEC Probe into WhatsApp Intensifies

As part of a broader investigation into Wall Street’s use of unofficial


Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
  • Platform
  • Spreads
  • Trading Instument