Bitcoin inched up slightly Monday, with the majority of the top 10 cryptocurrencies by market capitalization remaining stable, the only considerable price change coming from XRP’s 3% drop.
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Fast facts
- Bitcoin rose 0.83% in the past 24 hours to trade at US$19,296 at 4 p.m. in Hong Kong, reflecting how its price volatility has dropped by over 50% since May, while Ether rose 2.19% to US$1,312, according to data from CoinMarketCap, making it the biggest gainer among the list of top 10 cryptocurrencies excluding stablecoins.
- Solana rose by 1.77% to US$30.30, Polygon gained 1.97% to change hands at US$0.81, and Tron was up 1.10% to US$0.063, having overtaken Shiba Inu over the weekend to enter into the top 10 crypto list.
- XRP fell 3.08% to US$0.47, the sole token in the top 10 cryptos to fall in the 24 hours up to 4 p.m. on Monday.
- Asia equity markets were mixed following Wall Street’s Friday losses. The Hong Kong Hang Seng Index reversed the day’s losses and rallied in the final hour of trade to close 0.45% up, while Japan’s Nikkei 225 lost 1.16% and the Shanghai Composite Index gained 0.42%.
- These market results come at the beginning of a tense week for economic data in Asia, with Korea, Japan, Hong Kong and Singapore expected to release inflation measurements, as well as China announcing its loan prime rate decision, though not its third quarter GDP results which were due Tuesday but have been delayed without explanation.
- European markets, meanwhile, began positively on Monday ahead of new British Chancellor Jeremy Hunt announcing the government’s updated medium-term fiscal plan, with the FTSE 100 up 0.33% and the pan-European Stoxx 600 gaining 0.27% by 9:30 a.m. in London.
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