Bitcoin, Ether extend rise; Cardano leads gains

TL;DR Bitcoin and Ethereum saw gains in Monday afternoon trading in Asia, along with the top 10 non-stablecoin cryptocurrencies. Cardano rose the most, followed by Polygon, BNB and Dogecoin. Asian markets also gained, while Hong Kong 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.

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 factsBitcoin 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

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