Sellers of Solana NFTs outpace buyers in May, Solana logo over charts

Bitcoin and Ether weakened in Asian trading on Thursday afternoon, with Solana rising amid drops across other top 10 non-stablecoin cryptocurrencies.

See related article: FTX Bahamas Co-CEO warned authorities on Nov. 9 of illegal customer asset transfers, documents show

Fast facts

  • Bitcoin inched down 0.72% to US$17,675 in the 24 hours to 4:30 p.m. in Hong Kong, and Ether decreased 2.62% to trade at US$1,288, according to CoinMarketCap.
  • Solana rose 1.41% to US$14.13, with its trading volume in the 24 hours to 4:30 p.m. in Hong Kong higher by about 37%. 
  • BNB decreased 3.79% to US$264.42. The token has dropped 7.35% over seven days.
  • Changpeng Zhao, CEO of Binance – backer of the BNB token – is trying to reassure clients and investors after more than US$3.6 billion left the crypto exchange in the 24 hours to 10:52 p.m. Hong Kong time.
  • Litecoin moved down 4.68% to US$74.78. Its decline on Wednesday and Thursday wiped out gains made on Monday and Tuesday. Dogecoin dropped 3.9% to US$0.08754, down by 9.57% over the last seven days.
  • Asia equity markets dropped following Wall Street’s retreat. Japan’s Nikkei 225 fell 0.37%, the Shanghai Composite Index inched down 0.25%, and Hong Kong’s Hang Seng Index slumped 1.55%.
  • Following the U.S. Federal Reserve’s Wednesday announcement of a 50-basis point hike in interest rates, Hong Kong on Thursday also announced an increase of 50 basis points, bringing its interest rate to 4.75%.

See related article: US Senator Elizabeth Warren submits crypto know-your-customer bill in wake of FTX collapse

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