Home Markets Bitcoin, Ethereum surge large gains; Solana jumps, BNB adds to the push

Bitcoin, Ethereum surge large gains; Solana jumps, BNB adds to the push

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Bitcoin, Ethereum surge large gains;  Solana jumps, BNB adds to the push

Bitcoin and Ethereum posted broad-based gains in cryptocurrencies that propelled all other tokens higher up the top 10 list by market capitalization in afternoon trading in Asia on Monday.

See related article: Bitcoin, Ethereum are progressing; BNB increases; Avalanche adds to gains on partnerships

Fast facts

  • Bitcoin, the world’s largest cryptocurrency, gained 3.3% over the 24 hours at 3:30 p.m. in Hong Kong to change hands at US$23,786. Ethereum rose 2.9% to trade at US$1,734, according to data from CoinMarketCap.
  • Solana posted the biggest gains in the CoinMarketCap top 10, jumping 6.7% to trade at US$42.63 as the network announced another update on the QUIC deployment in the marketa system that should make the network more resilient to congestion.
  • BNB continued its price run that began last week when token issuer Binance said it extended staking options to more cryptocurrencies. BNB gained 5.3% to US$328.
  • Polkadot also rose 5.3% to US$8.93, while Cardano gained 4.6% to change hands at US$0.54 after founder Charles Hoskinson. respond to criticism who said “Cardano is a religion without technology.”
  • Avalanche, which sits just outside the top 10 list, posted a strong performance, gaining 9% to trade at US$28.46, its highest price since late May. The rise follows the partnership announcement with Gamestar+ to bring interactive streaming games to Avalanche.
  • Asian equity markets were mixed, with the Shanghai Composite Index trading up 0.3%, while the Hang Seng fell 0.7%. Japan’s Nikkei 225 index also gained 0.3% to hit a four-month high as the weaker yen was seen as helping profits of domestic companies with strong overseas sales.

See related article: Why Crypto and DeFi Are Key to Building Wealth in Times of High Inflation

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