Bitcoin edged up in Monday afternoon trading in Asia, but it still traded below the US$20,000 resistance line, a level it has now fluctuated around since late August. Ether rose, along with Solana and Polkadot. Cardano reversed morning gains to trade lower.
See related article: Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10
Fast facts
- Bitcoin was changing hands at US$19,745, up 0.15% in the past 24 hours as of 4 p.m. in Hong Kong. Ether gained 0.91% to trade at US$1,562, according to data from CoinMarketCap.
- Cardano lost 1.06% in the prior 24 hours to US$0.488, though it rose 12.62% over the past seven days — the only coin among the top 10 by market capitalization posting a double-digit seven-day increase. That came after online brokerage Robinhood on Thursday announced the listing of Cardano on its platform ahead of the blockchain’s Vasil hard fork.
- Polkadot traded up 2.89% in the past 24 hours to US$7.47, the biggest mover among CoinMarketCap’s top 10. Solana gained 1.32%.
- Asia equity markets were lower to little changed. The Hong Kong Hang Seng index fell 1.16% to 19,225.70, the lowest level since mid-March. The Shanghai Composite index closed up 0.42%, while the Nikkei 225 index edged down 0.11%.
- China is extending its Covid-19 lockdowns in most parts of the southwestern metropolis of Chengdu and will continue mass testing through Wednesday, pointing to more sluggishness in the economy. The authorities put the city under lockdown on Thursday. Meanwhile, Shenzhen said it would adopt tiered anti-virus restriction measures starting on Monday.
- Investors seem unimpressed by the Friday U.S. jobs report that showed hiring slowed in August in the U.S., with the unemployment rate rising to 3.7% in August from 3.5% in July. While this suggests a possible slowing of inflation, the consensus seems to be it will not change the U.S. Fed’s aggressive policy to raise interest rates.
See related article: Cardano’s Vasil hard fork upgrade confirmed for Sept. 22
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- BTC - Bitcoin
- Cardano
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- decentralized
- DeFi
- Digital Assets
- ETH - Ethereum
- 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
Transak streamlines crypto conversions with Visa Direct integration
Source Node: 2462542
Time Stamp: Jan 30, 2024
Markets: Bitcoin, Ether weaken; Litecoin leads declines across top 10 cryptos
Source Node: 1772849
Time Stamp: Dec 16, 2022
Binance resumes Bitcoin withdrawals after halting transactions twice in 12 hours
Source Node: 2086282
Time Stamp: May 8, 2023
Institutional finance, role of regulators in focus at TOKEN2049 crypto conference
Source Node: 1704892
Time Stamp: Sep 29, 2022
Ripple to be valued at US$11.3 bln following share repurchase
Source Node: 2439527
Time Stamp: Jan 10, 2024
Ledger cuts 12% of workforce, citing macroeconomic conditions
Source Node: 2313342
Time Stamp: Oct 6, 2023
Bitcoin extends drop, stays below US$28,000; Solana, Polygon leads losers in top 10 cryptos
Source Node: 2070360
Time Stamp: Apr 24, 2023
Bitcoin holds ground amid Binance lawsuit, XRP continues run up, U.S. equities dip
Source Node: 2036931
Time Stamp: Mar 28, 2023
World Economic Forum launches coalition to use web3, blockchain for positive climate action
Source Node: 1681942
Time Stamp: Sep 23, 2022
Bitcoin miner TeraWulf reports 146% revenue growth, expanded mining capacity
Source Node: 2043415
Time Stamp: Mar 31, 2023