Connect with us

Business

Markets: Bitcoin little changed, Ether rises ahead of ‘Shanghai’ upgrade, XRP climbs

News Agencies

Published

on

Bitcoin traded little changed Friday morning in Asia, while Ether rose amid a mixed performance by the top 10 non-stablecoin cryptocurrencies by market capitalization. XRP was the biggest winner ahead of deadlines for filing briefs in the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. Ripple’s payment network is powered by XRP.

See related article: Who is exposed to FTX? A running compilation on a rapidly moving target

Fast facts

  • Bitcoin dipped 0.1% to US$16,603 in the 24 hours to 8 a.m. in Hong Kong, while Ether rose 1.7% to trade at US$1,203, according to CoinMarketCap.

  • Ether’s gains come despite some concerns about the lack of a date for Ethereum’s next network upgrade, known as “Shanghai,” the first major update for the network after the “Merge” in September to a proof-of-stake verification method.

  • XRP rose 5.6% to US$0.40, proving to be one of the more resilient tokens amid the market volatility following the collapse of crypto exchange FTX.com. Nov. 30 is the date for both the SEC and Ripple to file summary judgments in the court case brought by the SEC against Ripple. Both parties are set to meet on Dec. 2 to discuss case redactions.

  • Solana gained 1.6% to US$14.58, marking gains of 6.9% for the past seven days. This rebound follows the battering the token took in the days following the collapse of FTX’s brokerage arm Alameda Research, which sold large quantities of their holdings in Solana to try to stay afloat.

  • Litecoin fell 0.3% to US$78.76, bringing a consecutive run up to an end, but is still up 26.1% in the past seven days, making it the strongest performer on the list over that time. Litecoin is expected to undergo its third mining reward halving in eight months, which will slow the pace of the token’s supply by half.

  • U.S. equities were closed on Thursday for the Thanksgiving holiday and will be opening again for an abbreviated session ending at 1 p.m. Eastern Time on Nov. 25.

See related article: Crypto exchange Bybit establishes US$100 million fund to aid institutional clients

Continue Reading
Advertisement

Breaking News

Advertisement

Editor Pick’s

Latest Entertainment

Entertainment15 hours ago

George Clooney says he was ‘objectified’ in early roles

George Clooney walks the red carpet at the Ticket to Paradise premiere at Regency Village Theatre in Los Angeles on...

Entertainment16 hours ago

Oscar Predictions: Best Supporting Actor – Ke Huy Quan Is a Story Worth Honoring This Season

Rank Name Film Distributor 1 Ke Huy Quan “Everything Everywhere All at Once” A24 An aging Chinese immigrant is swept...

Entertainment18 hours ago

Sally Field reveals that Burt Reynolds was her worst onscreen kiss: ‘Just a lot of drooling’

Turns out, Sally Field didn’t exactly have a field day when it came time to kiss her Smokey and the...

Entertainment18 hours ago

New Trailer For Miss Cleo Documentary Hints At ‘Web Of Stories’ Surrounding Her Life

Youree Dell Harris, aka Miss Cleo, is pictured on Feb. 24, 2009, in Lake Worth, Florida. Youree Dell Harris, aka...

Entertainment18 hours ago

Jury begins deliberations in Harvey Weinstein rape trial

LOS ANGELES (AP) — Jurors began deliberating Friday in the Los Angeles rape and sexual assault trial of Harvey Weinstein,...

Entertainment19 hours ago

Man arrested in fatal shooting of Migos rapper Takeoff

HOUSTON (AP) — Police have arrested a 33-year-old man in the fatal shooting of rapper Takeoff, who was killed last...

Entertainment19 hours ago

John Krasinski says his kids think he works in an office and when he showed them episodes of his show “The Office,” his youngest didn’t believe it was him on TV

John Krasinski, left, and right, as Jim Halpert in “The Office.”Jason Howard/Bauer-Griffin/GC Images; NBCUniversal/Getty Images John Krasinski’s kids think he...

Entertainment19 hours ago

‘Midnight Club’ Creator Mike Flanagan Reveals All Answers to Unresolved Mysteries After Show’s Cancellation, Including Mirror Man and Cataract Woman

Mike Flanagan kept his word and has revealed the answers to burning questions from the cliffhanger ending of “The Midnight...

Latest Sports

Sports1 hour ago

United States vs. Netherlands: World Cup Round of 16 scores, updates

The first of the Round of 16 games are upon us.

Sports2 hours ago

Michigan football vs. Purdue: Big Ten title game predictions

Free Press sports writers share their predictions for the Big Ten title game Saturday between Michigan football and Purdue in...

Sports2 hours ago

Uruguay Players Angrily Follow Refs Into Tunnel After World Cup Elimination

Players from Uruguay let out their frustration, yelling at refs as they exited Al Janoub Stadium amid the Sky Blue's...

Sports2 hours ago

World Cup Round of 16 scores, updates: United States vs. Netherlands

The first of the Round of 16 games are upon us.

Sports3 hours ago

Jordan Poole baffled by ‘controlling’ refs calling celebration technical fouls

Jordan Poole reacted postgame after receiving a technical foul for celebrating on the bench.

Sports3 hours ago

Photo Gallery: Nebraska outlasts Kansas to advance to Sweet 16

Jansen Coburn/Inside Nebraska Nebraska defeated Kansas in a four-set, grind-it-out match on Friday night to advance to an 11th straight...

Sports4 hours ago

All Georgia’s Stetson Bennett does is deliver, even if he’s not a tantalizing NFL prospect

Stetson Bennett may not be high on NFL draft radar, but all he's done at Georgia is win.

Sports4 hours ago

Michigan DL Mazi Smith facing felony weapons charge, will continue to play

The charge against Smith was filed on Wednesday stemming from an alleged Oct. 7 incident in Ann Arbor.

Technology Hot News

Is Elon Musk Really Going to Buy Twitter? Is Elon Musk Really Going to Buy Twitter?
Technology1 month ago

Is Elon Musk Really Going to Buy Twitter?

Elon Musk, the owner of the electric car company Tesla, CEO of SpaceX, and the richest man in the world,...

WhatsApp services were affected across Pakistan, restored after 2 hours WhatsApp services were affected across Pakistan, restored after 2 hours
Technology1 month ago

WhatsApp services were affected across Pakistan, restored after 2 hours

WhatsApp services were affected in various countries of the world, including Pakistan, and India due to this users were facing...

Bitcoin vs Litecoin: A guide to understanding cryptocurrencies Bitcoin vs Litecoin: A guide to understanding cryptocurrencies
Technology2 months ago

Bitcoin vs Litecoin: A guide to understanding cryptocurrencies

Cryptocurrencies currently occupy an odd place in society. They are no longer the super niche bizarre currency beloved by tech...

Personal data of people is selling on Google Play and Google Ads Personal data of people is selling on Google Play and Google Ads
Editor Picks3 months ago

Personal data of people are sold on Google Play and Google Ads

It’s been two to three years since Google has been unknowingly hosting multiple apps from malicious actors who sell personal...

Protonmail is down a second time in the past 24 hours Protonmail is down a second time in the past 24 hours
Technology5 months ago

Protonmail is down a second time in the past 24 hours

An end-to-end encrypted email service Protonmail is down a second time in the past 24 hours, netizens reported on social...

What's better for the student: a tablet or a laptop What's better for the student: a tablet or a laptop
Technology6 months ago

What’s better for the student: a tablet or a laptop

Some analysts argue that computers have outlived their usefulness. There is some truth in this: PC and laptop sales are...

Tesla founder Elon Musk holds the Twitter deal temporary Tesla founder Elon Musk holds the Twitter deal temporary
Technology7 months ago

Tesla founder Elon Musk holds the Twitter deal temporary

USA: Elon Musk, the founder of companies like Tesla and SpaceX, can actually buy anything in the world. Last month,...

How Zafar Supari is utilizing his ability on Snapchat? How Zafar Supari is utilizing his ability on Snapchat?
Technology7 months ago

How Zafar Supari is utilizing his ability on Snapchat?

Pakistan: Zafar Supari a public figure, businessman, and social media sensation has crossed one hundred thirty-three thousand 133k subscribers on...