Bitcoin and Ether inched up in Asian trading on Thursday afternoon, with Shiba Inu leading gains across most top 10 non-stablecoin cryptocurrencies.
See related article: Markets: Bitcoin, Ether drop as SEC’s Gensler says crypto firms running out of time to comply with securities laws
Bitcoin rose 0.31% over the past 24 hours and was trading at US$16,830 by 4:30 p.m. in Hong Kong, and Ether inched up 0.38% to US$1,233, according to CoinMarketCap.
Shiba Inu gained 2.12% to US$0.000009209, possibly from upbeat market sentiment ahead of its Metaverse event on Friday.
Polygon increased 1.77% to US$0.8958, after it announced on Wednesday that it will partner blockchain-based e-commerce platform LGND and Warner Music Group to establish an NFT music platform.
Litecoin dropped 1.83% to US$75.57. Litecoin has been on a decline after it rose to a six-month high on Dec. 3.
Asia markets were mixed following Wall Street’s retreat overnight. The Nikkei 225 dropped 0.4%, the Shanghai Composite Index inched down 0.071%, while Hong Kong’s Hang Seng Index gained 3.38%.
Hong Kong local media Wen Wei Po and Sing Tao Daily have reported that the Hong Kong government is discussing further relaxations to Covid-19 restrictions, including reducing the quarantine duration, scrapping Covid test requirements for entry and mask orders in outdoor places.
See related article: FTX failure a ‘wake-up call’ for security, says former Mt Gox CEO, Mark Karpeles
Bitcoin rose back above the US$17,000 mark in Friday morning trading in Asia, helped by gains in U.S. equities overnight.
Jordan Goodwin (Washington Wizards) with an and one vs the Indiana Pacers, 12/09/2022
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Shares of Carvana (NYSE: CVNA) were rallying Thursday, one day after the stock plunged on news that its major creditors had teamed up to negotiate with the online used car dealer, a sign that they were preparing for the company to go bankrupt. There was no specific news out on Carvana Thursday, but its recovery looked like a classic dead cat bounce. First, Apollo and Pimco, two of Carvana's biggest creditors that together hold $4 billion of its debt, signed a deal to work together in the event of a bankruptcy.
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Millennials have given up on stocks. Is it time to follow suit?
With U.S. stocks down more than 20% so far this year, investors are looking for some good news – and it may be coming from a prominent Wall Street analyst who says the current bear market could come to an … Continue reading → The post Top Morgan Stanley Strategist Says This Is When the Bear Market ‘Will Be Over Probably' appeared first on SmartAsset Blog.
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