Cryptocurrencies up amid Cardano’s Vasil hard fork, XRP leads gains

Bitcoin bounced above US$19,000 in Friday morning trading in Asia as Cardano announced a successful hard fork on its upgraded Vasil network. XRP led gains among the top 10 cryptocurrencies by market capitalization.

See related article: Cryptocurrency lobby group wins court approval to intervene in SEC’s XRP lawsuit against Ripple

Fast facts

  • Bitcoin is up 4.2% in the past 24 hours to trade at US$19,307 as of 10:30 a.m. in Hong Kong, according to CoinMarketCap. Ethereum gained 5.6% to trade at US$1,327, reducing the past seven-day decline to 9.6%.
  • Cardano’s ADA token was up after Input Output Hong Kong announced the successful hard forking of the Cardano blockchain as part of the Vasil upgrade early this morning, a move that is expected to improve scalability and reliability. efficiency. ADA rose 4.2% to US$0.46.
  • XRP led gains among all cryptocurrencies, rising more than 20% to trade at US$0.49, following the granting of another motion that set December 9 as the deadline for third parties submit motions to seal evidence in the case.
  • XRP’s recent gains have helped it overtake Binance’s USD stablecoin as the sixth-largest token by market capitalization. BNB was trading up 3.5%.
  • Gains in cryptocurrency markets lagged declines in major U.S. equity indices a day after the U.S. Fed’s rate announcement on Thursday morning in Hong Kong time, with the agency signaling more aggressive monetary tightening until ‘in 2023.
  • Overnight, the Dow Jones Industrial Average closed down 0.4%, the S&P 500 index ended down 0.8% and the Nasdaq Composite Index lost 1.4%.

See related article: Markets: XRP bounces back, Bitcoin stuck below US$19,000, Ether loses more ground post-merger

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