Bitcoin rose and held above US$30,000 in Friday morning trading in Asia, holding onto the strong gains made this week on the back of growing institutional interest in the world’s largest cryptocurrency by market capitalization. Ether was little changed. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano’s ADA token gaining and Binance’s BNB losing ground. Overall, most tokens were holding weekly gains spurred by Bitcoin’s rally.
Crypto
Bitcoin rose 0.33% over the last 24 hours to US$30,056.27 at 6:30 a.m. in Hong Kong, up 17.52% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through resistance at US$30,000 early morning on Thursday for the first time since April, reaching a high of US$30,737.33.
