Bitcoin and Ether traded little-changed in Wednesday afternoon trading in Asia. Dogecoin (DOGE) and XRP both gained and were the biggest movers among the top 10 coins by market capitalization.
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- Bitcoin was trading at US$23,829, off 0.77% in the past 24 hours as of 4 p.m. in Hong Kong. Ether recovered from its morning fall to edge up 0.61% at US$1,894, according to data from CoinMarketCap.
- DOGE rose 3.93% to US$0.08459 after reaching US$0.08864 earlier, its highest since early June. The memecoin has gained 24.11% in the past seven days.
- XRP, the native token of XRP Ledger which powers Ripple’s payment network, traded up 1.55% at US$0.3784 amid reports that a judge granted Ripple’s notion to serve two subpoenas to authenticate key video recordings in its ongoing lawsuit with the U.S. Securities and Exchange Commission.
- Asia equity markets closed up across the board on Wednesday. The Nikkei 225 index gained 1.23%. The Shanghai Composite index edged up 0.45% and the Hong Kong Hang Seng index rose 0.46%.
- The U.S. Federal Open Market Committee minutes are expected to be made available on Wednesday in the U.S. and offer insights into how the U.S. Federal Reserve views inflation and likely interest rate moves at its next meeting in September. Investors are also closely watching developments in China after its slower-than-expected industrial output in July.
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