Bitcoin, Ether extend rise; Cardano leads gains
Markets: Bitcoin, Ether extend rise; Cardano leads gains in top 10 cryptosTravelers wait at the gate of the Lok Ma Chau border checkpoint on Jan. 8 in Hong Kong, China. Asian equity markets gained on Monday...

Markets: Bitcoin, Ether extend rise; Cardano leads gains in top 10 cryptos

Bitcoin, Ethereum extended gains in afternoon trade in Asia on Monday along with the top 10 non-stablecoin cryptocurrencies by market capitalization. Cardano rose the most in the last 24 hours, followed by Polygon, BNB and Dogecoin.
See related article: U.S. subpoenas hedge funds in Binance probe: report
Fast facts
- Bitcoin rose 1.53% to US$17,210 at 4 p.m. in Hong Kong on Monday. The largest cryptocurrency by market capitalization has gained 2.85% in the last seven days of trading.
- Ethereum strengthened 3.78% to US$1,311, and has gained over 8% in the past seven days. Most cryptocurrencies have been on a rising streak since the release of latest U.S. jobs data that led to a Wall Street rally.
- Cardano gained the most – up 17.7% to US$0.3257 – and has gained 28.32% in the past seven days.
- BNB increased 6.61% to US$278.13 after gaining over 12% in the past seven days. Polygon’s Matic token rose 6.79% to US$0.8571 while Dogecoin gained 4.22% to US$0.07495.
- XRP rose 2.5% to US$0.349 in Monday afternoon trading and has risen 3.21% over the past seven days. The gain follows Ripple Labs Inc.’s statement that it expects a court decision in the first half of 2023 for the case filed against it by the U.S. Securities Exchange Commission.
- Asian markets gained on Monday as Hong Kong and China resumed quarantine-free travel after almost three years of restrictions. The Shanghai Stock Exchange inched up 0.58% at day’s close while Hong Kong’s Hang Seng Index gained 1.89%, and South Korea’s Kospi rose 2.63%.
- Hong Kong on Monday said it will stay on top of development of the Web 3.0 industry in spite of a series of collapses across crypto exchanges in 2022.
- See related article: How Hong Kong and Singapore can make Asia the center of crypto’s future
Author profile
Pradipta Mukherjee
Pradipta Mukherjee is a business reporter and has worked for Bloomberg News and Business Standard in India. An MBA and a post-graduate in Economics, Mukherjee focuses on financial markets and corporates. She is a Mary Morgan Hewitt award recipient for Women in Journalism. She has also won the Jefferson Fellowship; the Thomson Reuters Foundation fellowship on ‘Social Media and Digital Journalism’ at The Chinese University of Hong Kong; and most recently, the Kiplinger Fellowship at Ohio University, USA.

Delivered weekly on Thursdays
An unmissable weekly round up of the biggest stories in emerging tech from an Asian perspective, featuring commentary from Forkast Editor-in-Chief Angie Lau. Check out recent editions.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!