Bitcoin, Ether fall; Polkadot is biggest loser in top 10 cryptos

Bridget J. Sims

Bitcoin and Ether declined in Asian trading on Tuesday afternoon. All other top 10 non-stablecoin cryptocurrencies retreated, with the largest decline seen in Polkadot.

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Fast facts

  • Bitcoin dropped 1.92% over the past 24 hours and was trading at US$17,021 by 4:30 p.m. in Hong Kong, and Ether decreased 2.97% to US$1,262, according to CoinMarketCap.
  • Polkadot declined 3.98% to US$5.49. European digital asset investment firm CoinShares reported on Monday that Polkadot-focused investment products saw outflows of US$400,000 last week.
  • Polygon decreased 3.12% to US$0.9121. The decline occurred even after the blockchain platform completed an upgrade at the start of December to speed up transactions.
  • Solana inched up 0.9% to US$14.15, and gained 3.21% in the past seven days. Some US$200,000 moved into Solana-centric investment products last week, the second consecutive week of positive movement, according to CoinShares.
  • Asia equity markets were mixed following Wall Street’s losses overnight. The Nikkei 225 rose 0.24%, the Shanghai Composite Index inched up 0.022%, and Hong Kong’s Hang Seng Index dropped 0.4%.
  • Monthly net foreign inflows into Asian stock markets rose to a two-year high in November, on hopes that the U.S. Federal Reserve might slow its interest rate hikes, according to Reuters.

See related article: Bitcoin mining difficulty drops more than 7% as cash crisis looms for miners

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