Bitcoin and Ether increased in Asian trading Thursday afternoon, with all other top 10 non-stablecoin cryptocurrencies mixed. Polygon saw the most gains and Dogecoin fell the most.
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- Bitcoin gained 1.11% in the past 24 hours, trading at US$17,089 as of 4:30 p.m. in Hong Kong, and Ether rose 0.76% to US$1,280, according to CoinMarketCap.
- Polygon rose 5.14% to US$0.92, and gained 6.4% in the last seven days. A tweet from cryptanalytics protocol Messari on Wednesday said NFT sales on the Polygon network increased by 191% between the end of September to the end of October, the best result of any blockchain and partly thanks to Starbucks, Instagram (Meta), Reddit and many other companies building businesses on the blockchain platform.
- Dogecoin fell 3.31% to US$0.1029. On Thursday, Twitter chief and longtime Dogecoin supporter Elon Musk tweeted that he met Apple CEO Tim Cook and “resolved the misunderstanding” after Musk on Monday accused Apple of threatening to remove Twitter from its app store and of stopping most of its advertising on Twitter.
- There was little change across other top 10 non-stablecoin cryptocurrencies, with Cardano up 0.05%, XRP down 0.54%, BNB lower by 0.95% and Litecoin down 1.25%.
- Asian markets rose after Wall Street gains overnight. The Nikkei 225 increased 0.92%, the Shanghai Composite inched up 0.45% and Hong Kong’s Hang Seng Index strengthened 0.75%.
- China has signaled a relaxation of its zero-Covid lockdown policy after mass protests. Chinese Vice Premier Sun Chunlan highlighted the weakening of the Omicron variants and “improvements” in Covid-19 restrictions, at a meeting with China’s National Health Commission on Wednesday, according to Chinese state media Xinhua.
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