Bitcoin and Ether fell in Asian trading on Monday afternoon, with XRP leading declines across the top 10 non-stablecoin cryptocurrencies.
- Bitcoin decreased 0.07% over the past 24 hours and was trading at US$16,743 by 4:30 p.m. in Hong Kong, and Ether inched down 0.4% to US$1,183, according to CoinMarketCap.
- XRP declined 2.59% to US$0.3442, down by 7.9% over the last seven days. On Friday, Nicole Tatz, an attorney for Ripple Labs CEO Bradley Garlinghouse, applied to withdraw as co-defendant counsel in Garlinghouse’s ongoing lawsuit against the U.S. Securities and Exchange Commission.
- Tron inched up 0.11% to US$0.05373. It gained 2.97% over the last seven days, becoming the ninth largest non-stablecoin token by market capitalization. Total locked value – which measures the total value deposited in a or some decentralized finance protocols and reflects investor interest – on the Tron network has stood higher than Binance Smart Chain since Friday, according to blockchain data dashboard Defillama.
- Litecoin slumped 2.19% to US$63.25, and decreased 14.43% over the last seven days to fall out of the top 10 non-stablecoin cryptocurrencies by market capitalization.
- Asia equity markets retreated. Japan’s Nikkei 225 dropped 1.05%, the Shanghai Composite Index decreased 1.92%, and Hong Kong’s Hang Seng Index inched down 0.82%.
- Business sentiment in China for November fell to the lowest ever recorded since 2013, according to a survey by World Economics Sales Managers released on Monday. Chinese officials have vowed to stabilize the economy in 2023 and maintain sufficient liquidity in financial markets to meet key targets, according to a statement following last week’s annual budget-setting Central Economic Work Conference, Reuters reported.
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