Bitcoin and Ether fell in Asian trading on Friday afternoon, with Litecoin leading declines across the top 10 non-stablecoin cryptocurrencies.
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Fast facts
- Bitcoin dropped 1.09% over the past 24 hours and was trading at US$17,482 by 4:30 p.m. in Hong Kong, and Ether decreased 0.97% to US$1,275, according to CoinMarketCap.
- Litecoin slumped 2.33% to US$73.05, down by 6.17% over the last seven days. Litecoin on Thursday retweeted a post from “litecoincomputer”, suggesting that the Litecoin network may be loaded with smart contracts.
- Polygon declined 1.31% to US$0.8862. Non-fungible token (NFT) platform Magic Eden on Thursday said that its launchpad and marketplace businesses support NFT minting and trading on the Polygon network.
- BNB inched down 0.48% to US$263.15. Changpeng Zhao, CEO of Binance – backer of the BNB token – in an interview dismissed concerns that his firm could claw back US$2.1 billion from FTX.
- Asia equity markets retreated following Wall Street’s losses overnight. Japan’s Nikkei 225 dropped 1.87%, the Shanghai Composite Index inched down 0.025%, and Hong Kong’s Hang Seng Index slumped 3.22%.
- The Biden administration on Thursday added Chinese memory chip maker Yangtze Memory and 21 other companies in the artificial intelligence chip industry to a trade blacklist, expanding its crackdown on China’s chip industry.
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