Bitcoin and Ether declined in Asian trading on Tuesday afternoon. All other top 10 non-stablecoin cryptocurrencies retreated, with the largest decline seen in Polkadot.
See related article: Bankman-Fried alleges new FTX CEO’s testimony is “false”
Fast facts
- Bitcoin dropped 1.92% over the past 24 hours and was trading at US$17,021 by 4:30 p.m. in Hong Kong, and Ether decreased 2.97% to US$1,262, according to CoinMarketCap.
- Polkadot declined 3.98% to US$5.49. European digital asset investment firm CoinShares reported on Monday that Polkadot-focused investment products saw outflows of US$400,000 last week.
- Polygon decreased 3.12% to US$0.9121. The decline occurred even after the blockchain platform completed an upgrade at the start of December to speed up transactions.
- Solana inched up 0.9% to US$14.15, and gained 3.21% in the past seven days. Some US$200,000 moved into Solana-centric investment products last week, the second consecutive week of positive movement, according to CoinShares.
- Asia equity markets were mixed following Wall Street’s losses overnight. The Nikkei 225 rose 0.24%, the Shanghai Composite Index inched up 0.022%, and Hong Kong’s Hang Seng Index dropped 0.4%.
- Monthly net foreign inflows into Asian stock markets rose to a two-year high in November, on hopes that the U.S. Federal Reserve might slow its interest rate hikes, according to Reuters.
See related article: Bitcoin mining difficulty drops more than 7% as cash crisis looms for miners
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- decentralized
- DeFi
- Digital Assets
- ethereum
- Forkast
- machine learning
- Markets
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- W3
- zephyrnet
More from Forkast
SEC warns Coinbase of potential legal action over staking, separately targets Tron founder Sun
Source Node: 2025605
Time Stamp: Mar 22, 2023
Philippine President Marcos Jr pushes tax on digital services
Source Node: 1594368
Time Stamp: Jul 26, 2022
After U.S. court rules Ripple XRP not security, industry remains cautious
Source Node: 2171535
Time Stamp: Jul 14, 2023
Bitcoin, Ether, rise; most top 10 cryptos fall as SEC lawsuit weighs on investor sentiment
Source Node: 2139552
Time Stamp: Jun 19, 2023
MicroStrategy boosts Bitcoin bet with US$700 million debt offering
Source Node: 2510461
Time Stamp: Mar 7, 2024
Fidelity considers Bitcoin trading on brokerage platform: WSJ
Source Node: 1662425
Time Stamp: Sep 12, 2022
Crypto is second most owned asset class for women after cash: report
Source Node: 1907770
Time Stamp: Jan 20, 2023
Bitcoin and Ethereum: Two titans battle for NFT supremacy
Source Node: 2110935
Time Stamp: May 27, 2023
Bitcoin, Ether slip as long term holders continue to accumulate BTC
Source Node: 2201356
Time Stamp: Aug 8, 2023
SEC subpoenas linked to Ethereum Foundation stir security classification speculation: Fortune
Source Node: 2525100
Time Stamp: Mar 20, 2024
SEC’s Gensler says proof-of-stake cryptocurrencies may be securities
Source Node: 1669189
Time Stamp: Sep 16, 2022