Bitcoin and Ether rose during Friday afternoon trading in Hong Kong, while the other top 10 non-stablecoin cryptocurrencies by market capitalization were in the red. Crypto investor appetite subsided, as the Securities and Exchange Commission (SEC) made no comment on Bitcoin exchange-traded fund (ETF) applications and executive departures from Binance, the world’s largest crypto exchange.
See related article: Weekly Market Wrap: Bitcoin breaches US$31,195 following Fidelity’s spot Bitcoin ETF application
Bitcoin reclaims US$30,000, Ether trades below US$1,900, top 10 cryptos in the red
Bitcoin rose 0.39% from 7:20 a.m. to 4:30 p.m. in Hong Kong to US$30,036, recovering above the US$30,000 psychological threshold, after it fell as low as US$29,820 earlier today.
Ether inched up 0.32% in the same period to trade at US$1,857 after it slipped below the US$1,900 psychological level yesterday.
Risk appetite subsided, as investors continued to await the SEC ‘s response to the mounting spot Bitcoin ETF applications, including BlackRock’s recently refiled application.
“[BlackRock’s new filing] may indeed increase the chances, but we can’t say surely how fast it will be approved,” wrote Oleh Pyvovarenko, crypto trader and chief executive officer of 2PMarketing blockchain agency, in a statement to Forkast.
“I believe that we will see a Bitcoin ETF in the near future since the SEC can’t ignore this when such companies as BlackRock are willing to create it and put liquidity in it.”
Contributing to poor investment sentiment, Binance Chief Strategy Officer Patrick Hillmann and Vice-President for Compliance Steven Christie said they are leaving the world’s largest exchange, citing Binance chief Changpeng Zhao’s response to the U.S. investigations. Zhao called the departures a company “turnover,” noting that it was a regular process for large organizations.
Litecoin saw the biggest loss in the top 10, falling 7.51% to US$96.28, followed by Dogecoin that lost 3.65% to US$0.06527.
The total crypto market capitalization over the past 24 hours fell 2.68% to US$1.17 trillion and market volume increased 36.56% to US$46.15 billion, according to CoinMarketCap data.
Bitcoin NFT sales rise, Ethereum NFT sales fall but Azuki starts recovery
The Forkast 500 NFT index inched down 0.05% to 2,779.11 points in the 24 hours to 4:30 p.m. in Hong Kong but fell 2.9% during the week.
After a weaker Thursday, Bitcoin’s 24-hour non-fungible token sales increased 65.22% to US$4.51 million, as sales for Uncategorized Ordinals rose 1.27% to US$2.41 million.
Ethereum’s 24-hour NFT sales fell 11.7% to US$17.26 million, as sales for the largest Ethereum-native NFT collection, the Bored Ape Yacht Club, fell 9.68% to US$2.93 million.
Azuki sales rose 32.96% to US$1.58 million, as the collection started recovering from the backlash over the new Azuki Elementals collection that was criticized for being too similar to the original collection.
“The big NFT collections who saw large decreases in their floor prices have regained some footing, and now are bouncing up or down around 5% instead of the massive double-digit swings they were seeing earlier this week and last week,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.
Besides the Forkast 500 NFT index, the Forkast ETH NFT Composite was the only one in the red, falling 0.14% to 945.46 points.
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- Source: https://forkast.news/bitcoin-reclaims-us30000-ether-remains-under-us1900-top-cryptos-red/
