ISLAMABAD: Cryptocurrencies saw a mix of reds and greens across the board as most coins traded sideways on Friday amid the US debt ceiling talks, with the market cap inching up 0.3 percent to reach $1.12 trillion. As of 1300 hours GMT, Bitcoin (BTC), the world’s most valued token, increased to $26,413 with a gain of 0.1 percent in the last 24 hours. The market capitalisation of the biggest crypto reached $512 billion with this increase. Bitcoin has lost 1.9 percent of its value over the last seven days. In terms of month-to-date performance, Bitcoin has seen a decline of 9 percent. This increase can be attributed to stronger-than-expected unemployment and productivity data in the United States. Currently, Bitcoin faces immediate resistance at the $26,471 level. If the closing price approaches this level, further upward movement towards the $26,600 and $26,800 zones is possible. Ether (ETH), the world’s second-largest cryptocurrency by market capitalisation, gained 0.6 percent to reach $1,813. With this increase in price, the market capitalisation of ETH has reached $218 billion. ETH has been 0.1 percent down in the past seven days. TLTP
