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Bitcoin and Ether prices rose in trading in Asia on Tuesday morning, with all top 10 non-stablecoins rising. Litecoin led the rise, with XRP, Dogecoin and Polygon also registering his 2% to 3% rise.
See related articles: Hong Kong financial services provider gears up for retail crypto traders
quick facts
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According to CoinMarketCap, Bitcoin rose 0.4% to $16,686 in Hong Kong in the 24 hours to 08:00 a.m. while Ethereum rose 1.2% to trade at $1,214.
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Litecoin was created by the Litecoin Foundation, the organization behind the cryptocurrency. announced on sunday It shows that the network recorded over 39 million transactions in 2022. The token is up about 6% over the last calendar week.
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Polygon’s Matic token rose 2.8% to trade at US$0.78. This is because, according to data from WhaleStats, a cryptocurrency whale tracker, the token was found to be one of the top 10 coins purchased by the 500 largest he Ether whales. New year holiday seasonHowever, Matic is still down about 3.7% for the week. WhaleStats’ list included the memecoin Shiba Inu token and the Web3 sports-based token Chiliz.
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Dogecoin gained 1.7% and traded at US$0.071. The gain follows the announcement by the Dogecoin Foundation, the group responsible for developing the network, to allocate his 5 million Doge (US$358,000) to a fund for Dogecoin’s core developers. Coins are still around 5% off for the week, so there’s room to make up.
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Solana added 12.8% to trade at US$11.26. These profits, which sit just outside of CoinMarketCap’s top 10 list, come from Ethereum co-founder Vitalik Buterin. tweeted support For Friday’s Network, he said, “I hope[s] Communities have a fair chance to thrive. ” The token has made up most of the losses over the past seven days.
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US stock markets will resume trading on Tuesday after being closed on Monday for the holiday season. Investors await the release of the minutes of his December meeting of the US Federal Reserve for further guidance on the Fed’s views on inflation and interest rate policy.
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The Fed delivered an expected 50 basis point rate hike in December, raising the benchmark rate to 4.25% to 4.5%. This is the highest level in 15 years. It also made tackling inflation a priority and warned of further rate hikes in 2023. Inflation rose 7.1% in November compared to last year, but fell to 7.7% in October, from 8.2% in September, according to the latest US Consumer Price Index.
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The US stock and bond markets have their worst year ever in 2022, with the S&P 500 down 19.4% as the Fed hikes interest rates to keep the pace of inflation in check.
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