Bitcoin, Ether prices edge up; Dogecoin rebounds after heavy losses

Bitcoin, Ether prices edge up_ Dogecoin rebounds after heavy losses

Friday morning in Asia, nearly all of the top 10 non-stablecoin cryptocurrencies traded higher, including Bitcoin and Ether. Cardano, XRP, and Dogecoin were the next-largest gainers, rising by around 4.5%. BNB fell a bit.

Quick facts:

  • In the 24 hours leading up to 8 a.m. in Hong Kong, Bitcoin increased by 0.07% to US$16,829, while Ether increased by 0.36% to trade at US$1,218.
  • After suffering significant losses earlier this week following Elon Musk’s announcement that he will step down as Twitter CEO and longtime Dogecoin supporter Musk, Dogecoin saw a rise of 4.46% to trade at US$0.07696.
  • A new search function that displays Bitcoin and Ether price charts were made available by Twitter on Thursday. However, the memecoin function is still not functional. Over the last seven days, the token’s price has dropped 9.16%.
  • After declining 14.52% during the previous week, Cardano increased 1.33% to US$0.2565 today. XRP slightly increased by 1% to trade at US$0.3496 but was still down by 7.57% over the previous seven days. BNB declined by 0.06%.
  • After hearing that Sam Bankman-Fried, the creator of the defunct exchange, had been granted a US$250 million bail package on Thursday, price changes followed.
  • Due to investor concerns that there would be other failures, Bankman-exchange Fried collapsed last month amid fraud allegations, leading to a significant sell-off and withdrawal of funds from centralized crypto exchanges
  • Thursday’s trading saw a decline in U.S. stocks. The S&P 500 Index lost 1.45%, and the Dow Jones Industrial Average dropped by 1.05%. The decline in the Nasdaq Composite Index was 2.18%. The drops came after a solace surge on Wednesday following news that the U.S. consumer confidence index hit an eight-month high in December.

- Published By Team Australia News

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