Bitcoin, Ether inch up; Dogecoin remains biggest loser in top 10 cryptos

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Bitcoin and Ether gained in Asian trading on Wednesday afternoon, with Dogecoin continuing to lead declines across the top 10 non-stablecoin cryptocurrencies.

See related article: BlockFi asks U.S. bankruptcy court to unfreeze accounts for some of its users

Fast facts

  • Bitcoin inched up 0.17% over the past 24 hours and was trading at US$16,813 by 4:30 p.m. in Hong Kong, and Ether gained 0.16% to US$1,209, according to CoinMarketCap.
  • Dogecoin declined 1.91% to US$0.07257. Twitter CEO Musk said in a Wednesday tweet that he will resign as CEO “as soon as I find someone foolish enough to take the job,” after Twitter users voted to oust him as company chief.
  • Cardano dropped 2.18% to US$0.252, despite Cardano’s developers recently rolling out a series of improvements aimed at scaling the blockchain network and decentralized applications built on it. 
  • Tron rose 1.08% to US$0.05483 after Tron founder Justin Sun said to Bloomberg on Wednesday that China saw Hong Kong as a trial ground for crypto regulation.
  • Asia equity markets were mixed following Wall Street’s gain overnight. Japan’s Nikkei 225 dropped 0.68%, the Shanghai Composite Index decreased 0.17%, and Hong Kong’s Hang Seng Index inched up 0.22%.
  • After the Bank of Japan unexpectedly loosened its bond yield cap, Japan’s 10-year government bond yield extended to 0.48% on Wednesday, the highest since 2015.

See related article: Retail-owned Bitcoin supply reaches all time high 

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