Bitcoin prices rose Wednesday morning in Asia after a week of volatile price swings in year-end trading. Ether surged after credit card giant Visa announced it was exploring ways to introduce recurring automatic payments into its self-managed Ethereum wallet. The top 10 cryptocurrencies other than stablecoins also rose.
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Bitcoin climbed 2.9% to $16,890 in the 24 hours to 8:15 a.m. in Hong Kong, while Ether climbed 4.3% to trade at $1,215, according to CoinMarketCap.
Global cryptocurrency market capitalization surged 2.8% to $814 billion over the past 24 hours, while total trading volume jumped 22% to $37.9 billion. In a note, Arcane Research said that while Bitcoin’s volatility hit December highs and lows over the past seven days, the correlation between Bitcoin and U.S. stocks increased over the same period.
BNB rebounded 4.4% to post the biggest profit on the top 10 list at US$250.37. It was reported last week that clients could face US legal action after withdrawing billions of dollars in investments from the token issuer, Binance Exchange. Research.
Questions have also been raised about the comprehensiveness of published reviews of exchange reserves. The token is down 8% over the last 7 days.
Dogecoin gained 4.2% and traded at US$0.074. memecoin has gained some ground from a heavy loss due to speculation that his longtime memecoin advocate Elon Musk will step down as his Twitter head. Musk has previously said that he may use Dogecoin as Twitter’s payment system. The token is still down over the week he is down more than 18%.
Polygon’s token Matic rose 3.8% to US$0.79 after Polygon co-founder Sandeep Nailwal announced Beacon, a Web3 accelerator program. The program is led by Nailwal and includes other leaders in the digital asset industry. Focus on creating software to improve discussion and transparency between developers and investors.
US stocks rose Tuesday. The Dow Jones Industrial Average was up 0.3% for him, the S&P 500 Index was up 0.1%, and the Nasdaq Composite Index was up less than 0.1%.
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