Home Ethereum Bitcoin and Ethereum Gain Amid Broad Crypto Rally; Polka Dot Jumps

Bitcoin and Ethereum Gain Amid Broad Crypto Rally; Polka Dot Jumps

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Bitcoin and Ethereum Gain Amid Broad Crypto Rally;  Polka Dot Jumps

Bitcoin and Ethereum led large gains among the top 10 cryptocurrencies by market capitalization on Tuesday morning in Asia. Bitcoin touched US$24,203 at one point overnight, its highest since July 31. Ethereum rebounded to US$1,806, its highest since early June.

See related article: Markets: Bitcoin, Ethereum up sharply; Solana jumps; BNB adds to the upside

Fast facts

  • Bitcoin gained 2.7% to trade at $23,801 and Ethereum 4.4% at $1,774 in the 24 hours to 8 a.m. in Hong Kong, according to data from CoinMarketCap.
  • Polkadot posted the largest gain among CoinMarketCap’s top 10 tokens, adding 7.3% to change hands at US$9.28, while Solana was up 3.6% at US$42.08.
  • Others saw more modest gains, with XRP rising 1.6% to US$0.378 and Cardano adding a similar percentage gain to US$0.53.
  • Stock markets changed little in the United States overnight. The Dow Jones Industrial Average closed up 0.1%, while the S&P 500 Index and the Nasdaq Composite Index both ended down 0.1%.
  • Investors are awaiting the release of three figures on inflation in the United States this week, the consumer price index, the producer price index and unit labor costs, which all measure wages paid to employees .

See related article: New US Bill to Give CFTC Oversight of Cryptocurrencies Could Accelerate Crypto Legislation in Other Markets

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