Bitcoin and Ether fell amid a mixed performance from the rest of the tokens in the top 10 by market capitalization on Wednesday morning in Asia. Leading memecoin Dogecoin outpaced the rest on the list, continuing its recent price run-up that took it back into the top 10.
See related article: Markets: Bitcoin, Ether fall in Asia trade amid growing concern about China’s economy
Fast facts
- Bitcoin dipped 1.8% over the past 24 hours to trade at US$23,884 as of 8 a.m. in Hong Kong. Ether fell 1.4% to change hands at US$1,878, according to data from CoinMarketCap. Bitcoin is still up 3.6% over the past week, while Ether has gained 11%.
- Dogecoin rose 13.5% to US$0.087 after earlier touching US$0.088, the highest for the memecoin since early June. It’s up 25.8% over the past 7 days.
- Cardano was the second-biggest mover, gaining 1.2% to US$0.55, while Solana lost 1.5% to US$43.16.
- Ethereum Classic (ETC) fell 5.1% to US$39.94, reflecting recent price volatility for the token ahead of September’s “Merge” for the main Ethereum network.
- U.S. equity markets had a mixed day. The Nasdaq Composite Index closed down 0.2% while the Dow Jones Industrial Average finished up 0.7% and the S&P 500 Index gained 0.2%.
- Investors await the U.S. Federal Open Market Committee minutes on Wednesday for insights into how the U.S. Federal Reserve views inflation, and likely interest rate moves at its next meeting in September. They are also eyeing developments in China as a slump in the real estate market and industrial output point to a worsening slowdown in the world’s second-biggest economy.
See related article: Crypto exchanges’ race to the bottom on fees scalps Eqonex
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- BTC - Bitcoin
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- decentralized
- DeFi
- Digital Assets
- DOGE - Dogecoin
- ETH - Ethereum
- ethereum
- Forkast
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- W3
- zephyrnet
More from Forkast
Markets: XRP only gainer among top 10 cryptos as US rates decision looms
Source Node: 1673458
Time Stamp: Sep 21, 2022
Unfazed by FTX fiasco, Goldman Sachs eyes investments in crypto market
Source Node: 1767853
Time Stamp: Dec 6, 2022
Philippine central bank sees stablecoins as key to make payments more efficient
Source Node: 1677202
Time Stamp: Sep 22, 2022
Markets: Bitcoin, Ether inch up, XRP leads gains in top 10 cryptos
Source Node: 1862784
Time Stamp: Jan 3, 2023
Binance tells Indian crypto exchange WazirX to remove funds from its platform as feud escalates
Source Node: 1936977
Time Stamp: Feb 3, 2023
SBF denies FTX Ventures merger with Alameda’s crypto VC
Source Node: 1641824
Time Stamp: Aug 26, 2022
Weekly Market Wrap: Bitcoin rebounds above US$18,000, Ether gains over 13%
Source Node: 1895941
Time Stamp: Jan 13, 2023
Bitcoin drops 3% as U.S. inflation rises 0.4% in September
Source Node: 1722991
Time Stamp: Oct 13, 2022