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Bitcoin and Ether Trade Flat as BNB Leads Gains Among Top Cryptos

Bitcoin and Ether Trade Flat as BNB Leads Gains Among Top Cryptos

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.

Crypto Market Traded Flat During Today's Operations

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.

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