The prices of Bitcoin and Ether have edged up; Dogecoin has recovered after a heavy loss

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Nearly all of the top 10 non-stablecoin cryptocurrencies traded higher Friday morning in Asia. With nearly a 4.5% increase, Dogecoin led the gains, followed by Cardano and XRP. There was a slight decline in BNB.

Fast facts

  • According to data from CoinMarketCap, Bitcoin went up 0.07% to US$16,829 in the 24 hours leading up to 8 a.m. in Hong Kong, while Ether went up 0.36% to US$1,218.
  • Dogecoin went up by 4.46 percent to US$0.07696, making up for some big losses earlier in the week after Elon Musk, a longtime supporter of Dogecoin, said he would step down as Twitter CEO.
  • Twitter added a new search feature on Thursday that shows Bitcoin and Ether price charts, but the meme coin is not yet able to use this feature. In the past week, the price of the token went down by 9.16%.
  • Cardano went up 1.33 percent, to US$0.2565, after losing 14.52 percent in the past week. The price of XRP went up by 1% to US$0.3496, but it was still down by 7.57% in the past week. BNB slipped 0.06%.
  • Prices went up and down after news came out that Sam Bankman-Fried, the founder of the failed exchange, was freed in the U.S. on Thursday after posting $250 million bail.
  • The collapse of Bankman-exchange Fried’s last month, which was blamed on fraud, caused investors to sell and withdraw a lot of crypto from centralized exchanges out of fear that more failures could happen.
  • Thursday, U.S. stocks went down at the end of the day. The Dow Jones Industrial Average went down 1.05 percent, and the S&P 500 Index went down 1.45 percent. The Nasdaq Composite Index fell by 2.18 percent. The drops came after a relief rally on Wednesday, which was caused by news that the U.S. consumer confidence index hit its highest level in eight months in December.

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