During Tuesday’s trading operations in Asia, Bitcoin was trading flat below $26,300 while Ether went up a bit but remained below the $1,600 support level. Most other top 10 non-stablecoin cryptocurrencies registered minimal gains in the past 24 hours but logged losses for the week. Cardano’s ADA emerged as the winner among the top 10 non-stablecoin cryptocurrencies.
Crypto Market Traded Flat During Today’s Operations
In the last 24 hours, Bitcoin has seen a slight increase of 0.24%, bringing its value to $26,260, as per data from CoinMarketCap. However, over the course of the previous week, it has experienced a 2.26% decrease.
This downward trend can be attributed to falling global stock markets and a robust dollar, which have put risk assets under strain. CoinShares, a European firm specializing in cryptocurrency investments, reported minor outflows from Bitcoin for the third week in a row, amounting to $6 million last week.
Ether has remained relatively stable, experiencing a slight increase of 0.35%, bringing its value to $1,586.87. However, over the past week, it has seen a decrease of 3.06%. Early Tuesday morning, Ether reached a peak of $1,595.84, but it was unable to break through the resistance level of $1,600.
Ethereum has been on a downward trend, with withdrawals occurring for the sixth week in a row, amounting to $2.2 million. Multi-asset investment products have not been spared either, experiencing a consistent, albeit small, outflow that has accumulated to $32 million for the year to date.
BNB, Binance’s native token saw the highest increase among its peers, with a 1.41% rise to $212 in the last 24 hours. However, it did register a weekly loss of 2.13%. The majority of the top 10 non-stablecoin cryptocurrencies also reported gains over the past day. Leading the pack was Cardano’s ADA, which increased by 1.10% to $0.2453, despite a weekly loss of 2.49%.
The total market capitalization has seen a slight increase of 0.32%, reaching $1.05 trillion. However, the market volume has experienced a minor decrease of 0.1%, falling to $22.25 billion in the past 24 hours.