Bitcoin continued to trade above US$19,000 during Friday afternoon trading in Asia. Ether rose along with most of the top 10 coins by market capitalization after the completion of the first phase of Cardano’s Vasil hard fork. XRP led gains with a price rising more than 20% in the past 24 hours.
See related article: Markets: Cryptocurrencies Up Amid Cardano’s Vasil Hard Fork, XRP Leads Profit
- Bitcoin gained 1.6% in the last 24 hours to trade at US$19,239 at 4pm Hong Kong time. Ether rose 4.3% to switch hands at US$1,332, although it was still down 9.3% in the past seven days, according to data from CoinMarketCap.
- XRP, the native token of XRP Ledger that powers Ripple’s payment network, rose 23.3% to US$0.5215, bringing profits to 61.7% over the past seven days. This came as another motion in the U.S. Securities and Exchange Commission (SEC) vs. Ripple Labs Inc. case that set December 9 as a deadline for third parties to file motions to seal evidence.
- Dogecoin is up 4%, making it the third biggest riser in the top 10, after XRP and Ether. Cardano’s ADA rose 2.9%.
- Asian stock markets ended lower: the Hong Kong Hang Seng Index fell 1.2%, the Shanghai Composite Index fell 0.7% and the Nikkei 225 Index lost 0.6%.
- On Friday, Singapore released its August consumer price index, which came in higher than expected at 7.5%, while core inflation reached a nearly 14-year high.
- The Hong Kong Monetary Authority, the city’s de facto central bank, raised its base rate by 75 basis points on Thursday following the move by the US Federal Reserve, which raised rates and warned of more hikes to curb inflation.
See related article: Cardano Vasil upgrade completes the first stage