Bitcoin and Ether prices rose on Friday morning in Asia, while the rest of the top 10 volatile cryptocurrencies by market capitalization were mixed. XRP led the way with losses of 3.87%, followed by Cardano.
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- Bitcoin rose 0.53% to US$16,641 in the last 24 hours by 8am in Hong Kong. Ether added 0.91% to trade at $1,201, according to data from CoinMarketCap.
- The capitalization of the global cryptocurrency market increased by 0.41% and amounted to 798.22 billion USD. The total trading volume of the crypto-market decreased by 12.33% during the last day and amounted to 27.08 billion USD.
- XRP was the biggest loser among the top 10 cryptocurrencies, falling 3.87% to $0.3425. Cardano was down 1.78% to trade at $0.244.
- Solana, which this week traded below the $10 mark for the first time since February 2021, fell 1.7% to $9.59.
- US stocks rose on Thursday. The Dow Jones Industrial Average rose by 1.05%, and the S&P 500 index by 1.75%. The Nasdaq Composite closed 2.59% higher than the previous day.
- Weekly U.S. jobless claims, a measure of job losses, rose slightly by 9,000 to 225,000 despite the Federal Reserve’s aggressive efforts to curb inflation, the U.S. Labor Department reported on Thursday. The four-week average of claims fell by just 250 to 221,000. Recession fears are rising with a series of Fed rate hikes in 2022, and job cuts could be an early warning of a recession.
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