The top 10 non-stablecoin cryptocurrencies, including Ether, rallied on Tuesday morning during trading in Asia, with Bitcoin crossing the US$30,000 threshold and reaching its highest level in about 11 months. U.S. stocks ended the day with a mixed performance as investors wait for a slew of economic reports this week to see which way the Federal Reserve will move interest rates. Following a decline for the majority of last year, the price of bitcoin has risen to its highest level since June 10, 2022, and has increased by 80% so far this year.
Last Thursday, the Solana Foundation launched “state compression” to lower the cost of NFTs’ on-chain storage. In the previous day, the market capitalization of all cryptocurrencies increased by 3.40% to US$1.23 trillion, while overall trading volume rose 40.50% to US$41.68 billion.
In the 24 hours leading up to 9:00 a.m. in Hong Kong, the Forkast 500 NFT index moved up 0.17% to 3,941.20, but it fell 2.41% for the week. After the long weekend holiday, NFT trade is essentially flat, with more attention being paid to the gains in cryptocurrencies. The range of U.S. interest rates is currently 4.75% to 5%, which is the highest level since June 2006.
