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 to their upgraded Vasil network. XRP led gains in the top 10 cryptocurrencies by market cap.

See related article: Cryptocurrency Lobbying Group Gets Court Clearance to Address SEC’s XRP Lawsuit vs Ripple

Quick Facts

  • According to CoinMarketCap, Bitcoin is up 4.2% in the last 24 hours to trade at $19,307 at 10:30 AM in Hong Kong. Ethereum gained 5.6% to trade at US$1,327, narrowing its decline to 9.6% over the past seven days.
  • Cardano’s token ADA was up after Input Output Hong Kong successfully announced hard forking of the Cardano blockchain this morning as part of the Vasil upgrade, a move expected to improve scalability and efficiency. ADA rose 4.2% to $0.46.
  • XRP led to gains among all cryptocurrencies, rising more than 20% to trade at US$0.49, following the grant of another motion that set December 9 as a deadline for third parties to file motions to submit evidence in the case. to seal.
  • XRP’s recent gains have helped it overtake Binance’s USD stablecoin as the sixth largest token by market capitalization. BNB traded 3.5% higher.
  • Gains in the cryptocurrency markets differed from falls in major US stock indices a day after the US Fed’s interest rate announcement in Hong Kong time on Thursday morning, with the agency signaling a more aggressive monetary tightening through 2023.
  • Overnight, the Dow Jones Industrial Average closed 0.4%, the S&P 500 Index 0.8% and the Nasdaq Composite Index 1.4%.

See related article: Markets: XRP Rebounds, Bitcoin Stuck Below $19,000, Ether Loses More Ground After Merger

Read:Bill Gates, Jeff Bezos, Sergey Brin, and other tech billionaires’ net worth dipped in 2022. They’re fine. 
Previous post
Get ready to say goodbye to Fitbit accounts
Next post
Illinois Gov. Pritzker calls on Dem state senators to resign amid accusations of bribery, domestic abuse