Bitcoin and Ether rose in Asian trading on Tuesday afternoon. Top 10 non-stablecoin cryptocurrencies also mostly strengthened, led by gains in Dogecoin and Litecoin.
- Bitcoin rose 1.54% to US$16,465 in the 24 hours to 4.30 p.m. in Hong Kong, and Ether gained 3.05% to US$1,208, according to CoinMarketCap.
- Dogecoin increased 8.02% to US$0.103 and gained 39.16% in the last seven days. Longtime Dogecoin advocate and Twitter CEO Elon Musk tweeted on Tuesday that the “Twitter files on free speech suppression” will be released soon. Major revamp plans for Twitter might also be on the way, Musk shared in internal slides on Sunday.
- Litecoin rebounded, rising 6.1% to US$76.33, reversing its decline since Sunday. Litecoin has gained 23.52% in seven days.
- Shiba Inu rose 1.91% to US$0.000009, surpassing Tron and Solana to become the 10th largest non-stablecoin crypto by market capitalization.
- Asian stocks were mixed after Wall Street fell overnight, with the Nikkei 225 down 0.48%, the Shanghai Composite up 2.31%, and Hong Kong’s Hang Seng higher by 5.24%.
- China on Monday began to step up police presence in major cities to clamp down mass protests over the nation’s Covid-zero regulations. China’s Securities Regulatory Commission on the same day also announced the lifting of a ban on equity refinancing for listed firms to support “stable and healthy” development.
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