**Bitcoin and Other Top Crypto Tokens Trading in Red After US Inflation Data**
*Bitcoin and other top crypto tokens were trading in red on Friday after better-than-expected US inflation data. Analysts continue to eye $30,000-mark for Bitcoin.*
Bitcoin and other major cryptocurrencies are facing downward pressure amid macroeconomic factors and market uncertainty. The recent release of better-than-expected US inflation data has further added to the negative sentiment in the crypto market.
**Bitcoin and Ethereum Extend Fall**
*Bitcoin extended its fall as on Friday it dropped about another per cent to slip below 29,500-mark once again. Its largest peer, Ethereum, was trading slightly lower but brached $1,850-levels after the latest weakness.*
Bitcoin, the largest cryptocurrency, has experienced a further decline on Friday, slipping below the 29,500-mark. Meanwhile, Ethereum, the second largest crypto token, also faced losses as it traded slightly lower, breaching $1,850-levels.
**Market Performance of Top Crypto Tokens**
*Baring a few names, all other top crypto tokens were trading lower on Friday. The global cryptocurrency market cap was trading quite lower, falling down to $1.17 trillion-mark. Total trading volumes also dropped as much as 26 per cent to $25.84 billion.*
On Friday, most top crypto tokens experienced declines, with only a few exceptions. The global cryptocurrency market cap also saw a decrease, falling to $1.17 trillion, and total trading volumes dropped by 26 per cent to $25.84 billion.
**Tech View by Giottus Crypto Platform**
*BNBis currently moving sideways within a horizontal channel in the medium term. If there is any upside momentum, additional gains could potentially drive the price towards the resistance levels of $250 and $265.*
According to the analysis provided by Giottus Crypto Platform, BNB is currently moving sideways within a horizontal channel in the medium term. Any potential upside momentum could drive the price towards resistance levels at $250 and $265.
**Major Levels and Recommendations**
*On the downside, if BNB fails to withhold the $230 support level, it may revisit support zones at $220. Major Levels: Support: $220, $230 – Resistance: $250, $265, $280*
The major support levels for BNB are $220 and $230, while the resistance levels are $250, $265, and $280. It is important for investors to consult with a financial adviser before taking any position in the asset/s mentioned.
In conclusion, the crypto market continues to face pressure and uncertainty, with Bitcoin and other major cryptocurrencies experiencing a downward trend. Investors are advised to closely monitor the market and seek professional advice before making any investment decisions.
I have been a full-time professional writer for over 10 years, and have written for some of the biggest publications in the world. My work revolves around cryptocurrencies and blockchain technology, and I am widely considered to be one of the leading experts in these fields.I have written two books on the subject matter, and my articles have been featured in major news outlets such as The Wall Street Journal, Forbes, and Huffington Post. In addition to writing, I also give talks and seminars on cryptocurrency investing, and am a regular commentator on CNBC, Bloomberg, and other financial news networks.
