Markets: Bitcoin, Ether prices little changed; Polkadot gains as Solana gives up ground – Crypto News – Crypto News
Connect with us
Two Bitoins sitting on a grey background. Two Bitoins sitting on a grey background.

Cryptocurrency

Markets: Bitcoin, Ether prices little changed; Polkadot gains as Solana gives up ground – Crypto News

Published

3 years ago

on

Bitcoin and Ether were little changed in a muted morning of trading on Wednesday in Asia, as few top 10 non-stablecoin cryptocurrencies moved by more than 1% in either direction. Polkadot was the one standout in the positive, while Solana saw the biggest loss after posting the biggest gains in the list on Tuesday.

See related articles: China’s digital yuan used in securities trade for the first time

Fast facts

  • Bitcoin rose less than 0.1% to US$21,168 in the 24 hours to 8 am in Hong Kong, an increase of 21.3% over the past calendar week. Ether edged up 0.4% to US$1,568 to bring its gains for the week to 17.3%, according to data from CoinMarketCap,
  • Polkadot rose 2.7% to trade at US$5.96, a gain of 21.2% in the past week. Wednesday’s rise comes as the network upgraded its XCM “cross-consensus messaging” format to version 3which reportedly improves cross-chain communication and lays the groundwork for non-fungible tokens (NFTs) on the network.
  • Litecoin rose 1.5% to US$87.12, an increase of 7.7% over the past seven days. Solana fell by 2.9% to US$22.90, but was still trading up 41.4% over the past week.
  • The total crypto market capitalization over the 24 hours rose less than 0.1% to US$991.9 billion, while trading volume fell 11.4% to US$48 billion.
  • US equities also had a mixed day on Tuesday, the first day of trading for the week after Monday’s Martin Luther King Jr. public holiday. The Dow Jones Industrial Average fell 1.1%, the S&P 500 Index dropped 0.2% and the Nasdaq Composite Index closed up 0.1%.
  • The Dow’s losses came amid poor earnings results on tuesday from US banking giant Goldman Sachs Group Inc., which helped end a four-day winning streak for the Dow as the bank’s shares dropped more than 6%. Goldman’s Q4 profits fell to US$1.19 billion, down 66% from US$3.81 billion a year ago and well below estimates.
  • Other banks posted better-than-expected results, with Morgan Stanley & Co, LLC’s fourth-quarter revenue coming in at US$12.75 billion to beat expectations of US$12.54 billion. The shares rose almost 6%.

See related articles: North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending