Bitcoin inches up, Ether slips; top 10 cryptos mixed – Crypto News – Crypto News
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Bitcoin inches up, Ether slips; top 10 cryptos mixed – Crypto News

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Bitcoin rose and Ether fell during Tuesday afternoon trading in Hong Kong, while most of the top 10 non-stablecoin cryptocurrencies by market capitalization closed mixed. Bitcoin touched US$27,000 briefly but slipped as crypto investor appetite remained weak.

See related articles: Weekly Market Wrap: Crypto lawsuits, Hinman and a rare rate hike pause

Bitcoin up, Ether down, top 10 cryptos mixed

Bitcoin inched up 0.01% from 7 am to 4:30 pm in Hong Kong to US$26,770. Ether fell 0.46% in the same timeframe, to US$1,726.

Bitcoin, the world’s largest cryptocurrency, briefly rose to US$27,053 in afternoon trade before falling below US$27,000.

Solana’s SOL token was the day’s biggest gainer in the top 10, rising 2.8% to US$15.90, followed by Polygon’s Matic token that strengthened 1.32% to US$0.6063.

Crypto investor appetite remained weighed down by the US Securities and Exchange Commission’s lawsuits against Binance and Coinbasewhich were filed two weeks ago.

“Many associate the future growth in Bitcoin’s value with the halving event scheduled for April 2024,” Karlen Danielian, investor and founder of play-to-earn game 2040 worldwrote in a statement shared with To install Forecast.

“I believe that we are currently replicating the historical cycle of 2015-2017, and we will likely see growth starting from the fall of 2023. By April 2024, we should be around the US$50,000 mark for Bitcoin, followed by an increase until mid -summer or fall 2025.”

The total crypto market capitalization over the past 24 hours rose 0.64% to US$1.07 trillion and market volume increased 44.64% to US$28.82 billion, according to CoinMarketCap,

Bitcoin NFT sales gain for second consecutive day as Ethereum NFT sales rise

The Forex 500 NFT index fell 0.59% to 2,861.58 points in the 24 hours to 4:30 pm in Hong Kong and declined 3.41% during the week.

Bitcoin’s 24-hour non-fungible token (NFT) sales rose for a second consecutive day, rising 62.87% to US$3.1 million, as sales for Uncategorized Ordinals increased 4.43% to US$1.3 million, according to CryptoSlam data.

Ethereum‘s 24-hour NFT sales rose 9.39% to US$13.57 million, after a weak Monday. Sales for the largest Ethereum-native collection, the Bored Ape Yacht Clubrose 4.43% to US$1.7 million, while Mutant Ape Yacht Club sales also gained 2.05%, generating US$1.08 million for the network.

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