The total crypto market cap added $13.5 billion to its value for the last seven days and now stands at $552.8 billion. The top 10 currencies showed mixed results for the same time period – Ripples (XRP) added 40 percent while Polkadot (DOT) and Litecoin (LTC) lost 5.8 and 4.6 percent respectively. By the time of writing bitcoin (BTC) is trading at $18,354, ether (ETH) moved up to $582. XRP stabilized around $0.624.
Bitcoin closed the trading day on Sunday, November 22 at $18,432 or 15 percent higher compared to the previous seven-day period. The coin made a slight pullback after almost hitting $19,000 during the previous session and temporarily dropped below the daily support at $17,700.
The leading cryptocurrency fell for a second consecutive day at the start of the new week forming a short red candle to $18,375. Still, buyers managed to keep the price floating above the $18,000 line and the overall uptrend remained intact.
On Tuesday, November 24, the BTC/USD pair climbed up to $19,160 and surpassed the next major resistance on the weekly and daily timeframes – $19,000. From a weekly chart perspective, this level is the highest ever reached by BTC. The move resulted in another 4.2 percent added to its value.
The mid-week session on Wednesday was a bad one for bulls. Bitcoin fell down to $18,730 and lost the horizontal support. The selloff was most probably triggered by the upcoming Thanksgiving holidays in the United States and was preceded by a double-top formation on the 1-hour chart.
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