Home›Crypto›Market Structure›Bitcoin trades near $78,800 as BNB Chain tokens rally

Bitcoin trades near $78,800 as BNB Chain tokens rally

Ether was roughly flat near $2,490, while several BNB Chain and DeFi names led gains even as many CoinDesk 100 tokens fell.

Reported · Written up by our desk · Market Structure

Bitcoin was trading around $78,800, down 0.42% since midnight UTC and down 0.75% over the past 24 hours, according to CoinDesk data. The move left BTC about 4.2% below last week’s $82,320 high it failed to clear.

CoinDesk reported mixed performance across its indexes, with the CoinDesk 20 up 0.2% and the CoinDesk Memecoin Index up 0.41%. In contrast, the bitcoin-heavy CoinDesk 5 was down 0.47%, while 42 of the 100 tokens in the CoinDesk 100 were in the red.

BNB and BNB Chain assets stood out as exceptions, with BNB up 2% since midnight UTC to about $754. CoinDesk noted that PancakeSwap (CAKE) and Syrup (SYRUP) climbed 6.4% and 4.9%, respectively, alongside gains in other BNB-linked names.

Ether held up better than bitcoin, losing about 0.02% to around $2,490, while solana (SOL) was down 0.06% near $103.77. On the broader market, Crypto Markets Today highlighted Bittensor and Kaspa as laggards, with Kaspa down 4.7% as it unwound a Monday surge and Bittensor easing 1.5% after earlier strength.

Latest closeBitcoin $78,261.43 ▼1.1%|Solana $102.83 ▼1.0%|BNB $748.78 ▲1.2%

More like this

Sources