During the early Asian trading hours on Tuesday, the cryptocurrency market was trading little lower. Due to the support from regulators, BNB was falling while Bitcoin and Ethereum were trading flat. Recently, American regulators have been keeping a close eye on cryptocurrency.

The largest crypto asset, Bitcoin, continued to show some weakness and trade below the $22,000 level. In the early trade, Ethereum, its biggest peer, lost another 1% and narrowly held the $1,500 barrier. Some alternative currencies were, nevertheless, facing intense pressure.

In the previous day, Bitcoin’s price fell further as market sentiment remained negative ahead of the anticipated US inflation report. On Monday, Bitcoin prices reached a multi-week low.

“Bitcoin’s immediate support is at a price of $21,650, while its immediate resistance is at a price of $21,800. Ethereum, on the other hand, also saw a one-month low. The price has been fluctuating between $1,400 and $1,500.

Except for a couple, all of the biggest top crypto tokens were trading lower on Tuesday. BNB fell by 6%, whereas Polygon, Litecoin, and Shiba Inu all increased by 3%. Tron gained more than 3%, and Solana gained 1%, among the gainers.

The market capitalization of all cryptocurrencies fell by nearly 1% on the previous day, narrowly holding the $1 trillion level. However, the overall trade volume increased by about 36%, reaching $56.46 billion.

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