Bitcoin and Ether rose in Asian trading on Monday afternoon. Most other top 10 non-stablecoin cryptocurrencies strengthened, led by gains in Litecoin.
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- Bitcoin gained 1.98% over the past 24 hours and was trading at US$17,355 by 4:30 p.m. in Hong Kong, and Ether rose 3.29% to US$1,301, according to CoinMarketCap.
- Litecoin increased 9.5% to US$83.72, gaining 16.46% in the last seven days. The hashrate of Litecoin reached an all-time high on Saturday.
- Shiba Inu gained 5.02% to US$0.000009787. Shiba Inu’s sister coin Bone – the governance token of Shiba Inu’s decentralized exchange Shiba Swap – was listed on New York-based crypto exchange Uphold and Indian-based SunCrypto last week.
- Cardano rose 2.67%, Polygon gained 3.32%, and Polkadot increased 2.56%. Other top 10 non-stablecoin cryptocurrencies also saw gains.
- Asian markets strengthened from last Friday. The Nikkei 225 rose 0.15%, the Shanghai Composite Index gained 1.76%, and Hong Kong’s Hang Seng Index increased 4.51%.
- Major U.S. investment firm Morgan Stanley is getting upbeat over Chinese stocks after more Chinese cities over the weekend announced easing Covid-19 restrictions.
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