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Bitcoin and Ether Rise as BNB Leads the Top 10 Cryptocurrencies

Bitcoin and Ether Rise as BNB Leads the Top 10 Cryptocurrencies

During Wednesday trading operations in Asia, Bitcoin experienced a slight increase, trading above the $26,700 mark. Concurrently, Ether also saw a rise, successfully surpassing the $1,600 threshold once again. The performance of the other top 10 non-stablecoin cryptocurrencies varied in the last 24 hours. 

Binance’s BNB token emerged as the top performer among them. On the other hand, The Open Network’s (TON) Toncoin experienced a downturn, making it the least successful cryptocurrency during this period.

The decision on the exchange-traded fund (ETF) application submitted by 21Shares and Cathie Wood’s ARK Investment Management was postponed once again by the U.S. Securities and Exchange Commission (SEC) on Tuesday.

Green Was the Color of the Day During Trading Operations

Bitcoin experienced a modest increase of 1.89% over the past 24 hours, reaching a value of $26,702. Despite a weekly decline of 3.23%, as reported by CoinMarketCap, Bitcoin has demonstrated resilience by maintaining its value above the $26,000 support level for a consecutive 14-day period.

Green Was the Color of the Day During Trading Operations

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it will extend the review period for the proposed rule change. This extension will allow the Commission to thoroughly examine the proposal and address any issues that may arise. The SEC has set a new deadline of January 10, 2024, by which it will either approve or disapprove the proposed rule change.

The majority of the top 10 non-stablecoin cryptocurrencies experienced a decline over the past 24 hours, with Ether, BNB, and Tron being the notable exceptions. Ether saw an increase of 2.30% to $1,620.87, despite a 2.68% decrease over the past week.

Toncoin experienced the most significant drop of the day, falling 2.13% to $2.10 in 24 hours and recording a weekly loss of 16.32%. On the other hand, Binance’s BNB token led the gainers with a modest increase of 0.29% to US$212, although it also recorded a weekly loss of 1.60%.

The total market capitalization of cryptocurrencies decreased slightly by 0.16% to $1.05 trillion. Similarly, the market volume fell by 11.78% to $19.71 billion over the past 24 hours.

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