Bitcoin holds $79,000 as traders bank gains and ether, solana slip

Bitcoin eased to around $79,000 in Asian morning trading on Wednesday, down almost 1% on the day. Traders took profits after Bitcoin gained 23% over the previous week. Ether fell over 1% to just under $2,465. Solana dropped over 3% to just under $97. XRP fell over 4% to just above $1.44 and retained an almost 45% weekly gain. Zcash dropped almost 6% to just above $783 and retained a 55% weekly gain. A dedicated spot Zcash ETF went live in the US. Dogecoin fell almost 5% to just under 9 cents. Tron fell almost 3% to nearly 34 cents. BNB fell almost 2% to just over $695. Hyperliquid's HYPE rose almost 3% to just over $81 and gained almost 40% on the week. Bitcoin, ether and BNB retained weekly gains of 23%, almost 29% and almost 16%, respectively. CryptoQuant's Bull Score rose from 30 to 80 over the week. The score tracks 10 market and onchain indicators. The score reached its highest level since Oct. 6, 2025, when bitcoin traded near $124,000. Eight of the 10 indicators are now bullish. Asian stocks rose after lower oil prices eased inflation concerns. Investors awaited US economic data, Nvidia's earnings and Federal Reserve Chair Kevin Warsh's Jackson Hole address.