Bitcoin fell by 1.43% on Sunday. Reversing a 0.14% gain from Saturday, Bitcoin ended the week down by 4.15% to $9,344.8.
It was a bearish start to the day. Bitcoin fell from an early morning intraday high $9,486.0 to a late intraday low $9,262.0.
Bitcoin fell through the first major support level at $9,396.8 and the second major support level at $9,312.7.
Finding support late in the day, Bitcoin briefly hit a high $9,400.1 before easing back.
While breaking back through the second major support level, the first major support level pinned Bitcoin back.
The near-term bullish trend remained intact in spite of last week’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900.
For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was also a bearish day on Sunday.
Cardano’s ADA (-03.34%), Stellar’s Lumen (-3.72%), and Tezos (-4.27%) led the way down.
Ethereum (-2.87%), Litecoin (-2.42%), and Tron’s TRX (-2.64%) also saw relatively heavy losses.
Binance Coin (-1.66%), Bitcoin Cash ABC (-0.58%), Bitcoin Cash SV (-1.23%), EOS (-1.59%), Monero’s XMR (-1.38%), and Ripple’s XRP (-1.07%) saw more modest losses.
For the week, it was also a bearish week ending 14th June.
Cardan’s ADA (-11.83%), EOS (-8.62%), Stellar’s Lumen (-9.98%), Tezos (-10.57%), and Tron’s TRX (-10.78%) led the way down.
Binance Coin (-5.16%), Bitcoin Cash ABC (-6.66%), Bitcoin Cash SV (-6.45%), Litecoin (-5.68%), and Ripple’s XRP (-6.41%) also struggled.
Monero’s XMR saw a modest 1.41% loss relative to the rest of the pack.
Through the week, the crypto total market cap had recovered from a Tuesday low $265.84bn, rising to a Wednesday high $278.33bn before Thursday’s sell-off. The sell-off saw the total market cap slide to a week low $252.82bn. At the time of writing, the total market cap stood at $258.87bn.
In the week, Bitcoin’s dominance slid to a week low 65.7% before hitting a week high 66.39% in Thursday’s sell-off. At the time of writing, Bitcoin’s dominance stood at 66.15%.