Bitcoin rises, Ether leads gains across most top 10 non-stablecoin cryptos

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Bit­coin and Ether strength­ened in Asian trad­ing on Wednes­day after­noon, with Ether the biggest gain­er among top 10 non-sta­ble­coin cryp­tocur­ren­cies that also gen­er­al­ly increased. 

See relat­ed arti­cle: Diverg­ing paths of two CEOs run­ning FTX’s Alame­da Research may meet again in court 

Fast facts

  • Bit­coin rose 2.68% in 24 hours to US$16,901 at 4:30 p.m. in Hong Kong, accord­ing to Coin­Mar­ket­Cap.
  • Ether increased 5.22% to US$1,271. Ethereum’s month­ly gas usage of Ethereum’s lay­er 2 ecosys­tem in Novem­ber topped 100 bil­lion for the first time, accord­ing to a chart by cryp­to entre­pre­neur Pao­lo Rebuf­fo on Dune Ana­lyt­ics. Gwei refers to very small amounts of Ether, which are typ­i­cal­ly used to cal­cu­late gas costs.
  • Poly­gon gained 3.95% to US$0.87. The largest Solana-based cryp­to wal­let Phan­tom on Tues­day announced that it will sup­port assets from the Poly­gon and Ethereum blockchain ecosys­tems in three months. XRP strength­ened 2.82% to US$0.403 even after major cryp­tocur­ren­cy exchange Coin­base on Tues­day announced plans to delist XRP.
  • Doge­coin rose 3.28% to US$0.11, extend­ing its gain from Nov. 22. Twit­ter CEO and long­time sup­port­er of Doge­coin Elon Musk tweet­ed on Wednes­day that Twitter’s ser­vice laten­cy has declined by about 400 mil­lisec­onds and “should feel notice­ably faster.”
  • Asian stock mar­kets were mixed after Wall Street fell overnight, with the Nikkei 225 down 0.21%, the Shang­hai Com­pos­ite up 0.05%, and Hong Kong’s Hang Seng high­er by 1.82%.
  • The Nikkei 225 has been declin­ing since Nov. 24, with over 90% of econ­o­mists expect­ing the Bank of Japan to unwind rather than strength­en its mas­sive mon­e­tary eas­ing, accord­ing to a Reuters poll on Tuesday.

See relat­ed arti­cle: Domini­ca releas­es ‘world’s first nation­al’ cryp­to token with Huo­bi, Tron 



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