Home Ethereum Bitcoin, Ether fall; Dogecoin outperforms, Cardano goes higher

Bitcoin, Ether fall; Dogecoin outperforms, Cardano goes higher

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Bitcoin, Ether fall;  Dogecoin outperforms, Cardano goes higher

Bitcoin and Ether fell amid a mixed performance from the rest of the tokens in the top 10 by market capitalization on Wednesday morning in Asia. Dogecoin, the leader of the memecoin, topped the rest of the list, continuing its recent price rally that brought it back into the top 10.

See related article: Markets: Bitcoin and Ether drop in Asian trade amid growing concern over China’s economy

Fast facts

  • Bitcoin has fallen 1.8% in the past 24 hours to trade at US$23,884 as of 8am Hong Kong. Ether fell 1.4% to change hands at US$1,878, according to data from CoinMarketCap. Bitcoin is still up 3.6% over the past week, while Ether has gained 11%.
  • Dogecoin rose 13.5% to $0.087 after hitting $0.088 previously, the highest for the memecoin since early June. That’s up 25.8% in the last 7 days.
  • Cardano was the second largest move, gaining 1.2% to US$0.55, while Solana lost 1.5% to US$43.16.
  • Ethereum Classic (ETC) fell 5.1% to US$39.94, reflecting the token’s recent price volatility ahead of the “Mergefor the Ethereum mainnet.
  • US stock markets had a mixed day. The Nasdaq Composite Index closed down 0.2% while the Dow Jones Industrial Average ended up 0.7% and the S&P 500 Index gained 0.2%.
  • Investors are awaiting the minutes of the US Federal Open Market Committee on Wednesday for an insight into how the US Federal Reserve views inflation and likely interest rate movements at its next meeting in September. They are also monitoring developments in China as a slump in the property market and industrial production points to a worsening slowdown in the world’s second-largest economy.

See related article: Crypto Exchanges’ Race To The Bottom On Eqonex Fee Scalps

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