Bitcoin, Ether strengthen; XRP leads gains in top 10 cryptos

TL;DR Bitcoin, Ethereum, and XRP all rose in price Wednesday afternoon in Asia, with XRP leading the pack. Asian equity markets also rose, with Japan's Nikkei 225 gaining 1.03% after CPI data showed that inflation in December rose faster than expected. Dogecoin and Polygon's Matic token also saw gains.

Bitcoin and Ethereum prices rose in Wednesday afternoon trading in Asia along with all other top 10 non-stablecoin cryptocurrencies, with XRP leading gains.See related article: Bitcoin named dirtiest crypto of 2022, tops major tokens in carbon emissions: Forex SuggestFast factsBitcoin, the largest cryptocurrency by market capitalization, gained 1.44% to US$17,455 at 4 p.m. on Wednesday afternoon in Hong Kong. Ethereum inched up 0.92% to US$1,335 and has gained 6.74% in the last seven days of trading, according to CoinMarketCap data.   XRP led gains at 4.17% to US$0.3621 after rising 3.65% in the past seven days. The gain comes amidst 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. Dogecoin strengthened 1.74% to US$0.07707 while Polygon’s Matic token rose 1.61% to US$0.8604. Most Asian equity markets rose on Wednesday with China reopening its border from a strict Covid-zero policy. Hong Kong’s Hang Seng Index inched up 0.49%, South Korea’s Kospi rose 0.35% while the Shanghai Stock Exchange dropped 0.24% at day’s close. Japan’s Nikkei 225 gained 1.03% in Wednesday trade after its CPI data showed that year-on-year inflation in December rose faster than expected, rising by 4%. See related article: Binance’s BUSD stablecoin has not always been fully collateralized: report

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