Bitcoin and Ether prices rose on Friday morning in Asia, while other top 10 non-stable cryptocurrencies by market capitalization were mixed. XRP led the losses with 3.87%, followed by Cardano.
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Fast facts
- Bitcoin rose 0.53% to $16,641 in the last 24 hours to 8 a.m. in Hong Kong. Ether added 0.91% to trade at US$1,201, according to CoinMarketCap data.
- The global cryptocurrency market capitalization rose 0.41% to $798.22 billion. Total crypto market trading volume fell 12.33% to $27.08 billion over the past day.
- XRP it had the biggest loss among the top 10 cryptocurrencies, falling 3.87% to $0.3425. Cardano trailed 1.78% to trade at $0.244.
- Solana, which has been trading below the $10 mark this week for the first time since February 2021, fell 1.7% to $9.59.
- US stocks ended higher on Thursday. The Dow Jones Industrial Average gained 1.05% and the S&P 500 Index added 1.75%. The Nasdaq Composite closed 2.59% higher than the previous day.
- Weekly US jobless claims, an indicator of job cuts, rose slightly by 9,000 to 225,000 last week despite aggressive attempts by the Federal Reserve to cool inflation, the US Department of Labor .us reported on thursday. Four-week median aid applications dropped by just 250 to 221,000. Recession fears have increased with the series of Federal Reserve interest rate hikes in 2022, and a spike in layoffs may be an early warning of a recession.
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