Bitcoin, Ether rally continues in Friday afternoon trading in Asia

Time Stamp: July 29, 2022 5:40 AM
Source Node: 1598849

The cryptocurrency market continued its rally in afternoon trading in Asia on Friday, with Bitcoin and Ethereum up 4.4% and 5.7%, respectively, over the past 24 hours.

See related article: Crypto continues tear while Vitalik Buterin says Eth2 ‘not priced in’

Fast facts

  • Bitcoin was at one point changing hands above the US$24,000 mark in early afternoon at a new high since July 20, and was trading at US$23,957 at 4:30 p.m. on Friday HKT, according to data from CoinMarketCap.
  • The price of Ethereum stood at US$1,716, slightly down from early morning’s US$1,771 — the highest since early June, the data showed.
  • Solana remained the biggest mover throughout the day among the 10 most traded coins, up 8.8% in 24 hours.
  • This comes as Hong Kong’s Hang Seng Index dropped by 2.26% at close on Friday, with Shanghai Composite down 0.89% and Nikkei 225 down 0.05%.

See related article: Amid Ripple XRP, Coinbase wrangles, Gary Gensler flexes SEC muscle

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