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In response to fresh accusations against Binance, Bitcoin, Ether, and others in the top 10 cryptos rise

March 30, 2023
minute read

The top ten non-stablecoin cryptocurrencies by market capitalization rose on Thursday with Bitcoin being the only gainer. Binance has denied allegations that it concealed its ties to China for years. Crypto investors expressed concern over the reports. Global investor sentiment picked up, mirroring Wall Street's overnight rally, and concerns over a systemic banking failure seemed to ease. Asian equities rose, mirroring Wall Street's overnight rally.

Here are some quick facts about

  • During the 24 hours before 4:30 p.m. in Hong Kong, the bitcoin price rose by 0.88% to US$28,709, making it the day's biggest gainer. Ethereum values fell by 0.68% to US$1,806, according to data collected by Trade Algo.

  • Solana's SOL token dropped 2.45% to US$20.94, making it the day's second-biggest loser, falling 5.81% to US$0.53, making it the biggest loser for the day. Ripple's XRP fell 51.81% to US$0.53 to become the day's biggest loser, but still gained 18.58% on the week.

  • A total of US$52.05 billion was traded on the crypto markets in the 24 hours to 4:30 p.m. in Hong Kong, and the market capitalization of the market rose by 0.28% to reach US$1.19 trillion. The trading volume on the crypto markets increased by 14.87 %.

  • On the day, the Forkast 500 NFT index, which provides a measure of performance for the global NFT market, decreased 0.28% to 3,995.60 points, resulting in weekly losses of 2.69%. The index is a proxy measure of the performance of 500 eligible smart contracts.

  • A number of Asian equities soared on Thursday, following the S&P 500's gain of 1.52% during the day. Chinese Premier Li Qiang, who expressed confidence in the Chinese economy, said that the country would have a better economic performance in March than it had in the previous two months since it has expanded its domestic markets and business sector. This boosted investor morale.

  • A rise in the Shanghai Composite Index of 0.65% and a rise in the Shenzhen Component Index of 0.62% helped it surpass a three-week high. The Hang Seng Index of Hong Kong rose 0.58% while the Nikkei 225 Index of Japan fell 0.36%.

  • The European bourses rallied on Thursday after investors digested data showing consumer confidence in the Euro zone dropped 0.1 points, according to preliminary figures, but remained near its highest level for nearly a year, while the euro zone's indices remained near its highest level. During the week, the STOXX 600 index soared by 0.95%, and the DAX 40 index soared by 1.15%.

  • As global fears of systemic bank failures eased, gold rose 0.17% to around US$1,967 per ounce, with the dollar dropping to around $1,930.

  • Investors around the world are looking forward to the release of data on the U.S. Personal Consumption Expenditures Price Index data on March 31 in order to get clues on whether the Federal Reserve will decide to increase interest rates, while European investors expect the EU Consumer Price Index will be released the same day.
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Eric Ng
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Eric Ng
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John Liu
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Bryan Curtis
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Adan Harris
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Cathy Hills
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