Bitcoin traded little changed on Monday
morning in Asia to hold above the US$27,000 threshold. Ether also traded flat,
along with most other top 10 non-stablecoin cryptocurrencies. However, Solana
and XRP both gained more than 4%. U.S. stocks jumped Friday as a deal was
approved to raise the debt ceiling, with the bill signed by U.S. President Joe
Biden on Saturday to avoid a government default. U.S. Stock futures were
trading flat on Monday morning in Asia. Investor focus has shifted to what will
be the next move on interest rates by the Federal Reserve when it meets on June
14.
Bitcoin, Ether trade flat; Solana, XRP gain
Bitcoin edged up 0.87% over the last 24
hours to US$27,309 at 7:00 a.m. in Hong Kong, but is down 2.84% in the past
seven days, according to data from CoinMarketCap. The world’s largest
cryptocurrency fell to as low as $26,574 on Friday.
Ether traded 0.67% higher in the past 24
hours to US$1,904, little changed for the week.
Most other top 10 non-stablecoin
cryptocurrencies traded flat. The exceptions were a 4.69% price jump for
Solana, and a 4.19% gain for XRP.
Solana’s move comes just as non-fungible
token (NFT) secondary sales on the Solana network rose 21.62% over the last 24
hours, according to data from CryptoSlam.
XRP is up 12.06% over the past week,
gaining momentum after the XRP community reacted to the draft bill Digital
Asset Market Structure Proposal released Friday by Republicans that seeks
clarity in regulating cryptocurrencies as securities or commodities. Pro-XRP
lawyer Jeremy Hogan tweeted that the discussion draft could be known as an “XRP
holder protecting” act.
0 Comments