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Markets: Bitcoin slips, remains above US$22,000; Dogecoin leads gains

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Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,000, while all other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Dogecoin led gains at 4.32% and Solana was the biggest loser among top 10 cryptos.

See related article: Binance Charity to fund over 30,000 Web3 scholarships in 2023

Fast facts

  • Bitcoin, the world’s largest cryptocurrency, dipped 0.89% to US$22,701 on Monday at 4 p.m. in Hong Kong after gaining 7.46% in the past seven days, according to CoinMarketCap data
  • Ethereum gained 0.3% to US$1,634, and strengthened 4.31% on the week.
  • Dogecoin, the world’s top memecoin, led gains among top 10 cryptos, rising 4.32% to US$0.08936, after gaining 3.53% in the past week.
  • Solana lost most, by 2.76% to US$24.48, after posting a weekly gain of 0.86%.
  • Many Asian equity markets were closed on Monday for the Lunar New Year holidays in the region. Japan’s Nikkei 225 gained 1.33% on Monday and India’s Sensex inched up 0.5% at 2.40 p.m. local time.
  • See related article: Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?
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