Home Ethereum Bitcoin, Ethereum have changed little; Solana even lower after network hack

Bitcoin, Ethereum have changed little; Solana even lower after network hack

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Bitcoin, Ethereum have changed little;  Solana even lower after network hack

Bitcoin was trending lower or little changed at the start of Asian trading on Thursday, with most major cryptocurrencies losing ground. Solana remained lower after reports of a hack on its network. The Bitcoin price was US$22,848 as of 8 a.m. in Hong Kong, down 0.6% in the past 24 hours. Ethereum fell 0.8% to US$1,615, according to data from CoinMarketCap.

See related article: Bitcoin Falls in Market Downtrend, ETH Staggers, ETC and CRO Rise

Fast facts

  • Solana posted the biggest losses in CoinMarketCap’s top ten list by market capitalization, trading down 6.53% to US$38.36, continuing its losses from Wednesday amid network hacking reports who had emptied the wallets.
  • BNB was one of two major cryptos to reverse the downtrend, rising 5% to change hands at US$297.46, in the middle of reports Binance, the issuer of BNB, offered staking services for more tokens. Cardano edged up 0.8% to US$0.50.
  • Further down the list, decentralized finance (DeFi) token Uniswap rose 7.16% to US$9.00.
  • Traditional stock markets performed better overnight; the Nasdaq Composite closed up 2.6% on Wednesday, while the Dow Jones Industrial Average gained 1.3% and the S&P 500 index ended up 1.6%.
  • The stock gains came as Speaker of the US House of Representatives Nancy Pelosi left Taiwan on Wednesday afternoon after a diplomatic visit that heightened tensions between China and the United States and raised fears of a possible military confrontation.

See related article: DeFi explained: The guide to decentralized finance

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