Bitcoin and Ether rose on Thursday afternoon in Asia trade, along with all non-stablecoin top 10 cryptocurrencies by market capitalization. Cardano’s ADA token saw the biggest gains of the day. Meanwhile, NFT index Forkast 500 fell by 1.01% and declined by 1.82% during the week. South Korea’s leading blockchain game maker Wemade launched the Bored Ape Golf Club NFT collection on its platform on Wednesday – the golf-themed variation of the popular Bored Ape Yacht Club collection had 40,000 concurrent users during its presale period last year. On the equities front, most Asian equities strengthened on Thursday, except the Shenzhen Component Index that fell by 0.57%. The Shanghai Composite rose by 0.82%, Japan’s Nikkei 225 inched up 0.12% and Hong Kong’s Hang Seng Index increased by 1.27%. Retail sales in Hong Kong grew by a record-high of 39.4% YOY in March 2023 due to increases in sales of jewelry, watches, valuable gifts, clothing, and footwear. Most US stock futures declined as of 4:30 p.m. in Hong Kong, with the exception of Nasdaq 100 futures, which rose by 0.24%.
Bitcoin, the world’s largest cryptocurrency, increased by 1.19% in the 24 hours to 4:30 p.m. in Hong Kong to $29,080. Ether rose by 1.71% to $1,902. Cardano’s ADA token saw the biggest gains among the top 10 cryptocurrencies, rising to 2% to $0.39, followed by Solana’s SOL token which rose 1.89% to $22.15. Moreover, the global crypto market capitalization increased by 1.45% to $1.2 trillion, while the total crypto market volume rose 24.39% to $42.84 billion.
Investors are anticipating the European Central Bank’s monetary policy decision later on Thursday. They are also expecting the bank to raise its key lending rate by 25 basis points. Before the decision, major European bourses traded in the red, with the benchmark STOXX 600 falling by 0.51%, while Germany’s DAX 40 lost 0.38%. In the US, most U.S. stock futures declined as of 4:30 p.m. in Hong Kong except the Nasdaq 100 futures that rose 0.24%. Markets had already priced in the Federal Reserve’s latest 25-basis-point rate hike and comments signaling that it could be the last for the time being.
In conclusion, cryptocurrencies continue to rise, with Bitcoin and Ether increasing in the Asian trade market. Retail sales in Hong Kong grew by a record-high, due to increased sales of luxury items, and most US stock futures remain in decline. Meanwhile, investors are awaiting the European Central Bank’s announcement on monetary policy.
According to https://finance.yahoo.com/news/bitcoin-ether-rise-ada-day-103038098.html
The material in this article is written on the basis of another article.