Bitcoin fell in Asia but remained above the US$29,376 threshold. Dogecoin, Polkadot, and Litecoin all increased in value while Ether and the majority of the top 10 non-stablecoin cryptocurrencies declined. After Wall Street gained ground, U.S. equity futures were unchanged in Asia. China’s first-quarter GDP, which was released on Tuesday, exceeded expectations, but regional stock markets didn’t react much to the news. New regulatory worries were felt by the cryptocurrency sector as the U.S.
Bittrex and co-founder William Shihara were both accused of breaking securities laws by the SEC. Congress will hear from SEC Chair Gary Gensler about how he plans to regulate digital assets. Hester Peirce called the SEC’s plan to include decentralized platforms that trade cryptocurrency in the definition of a “exchange” as an attempt to stifle innovation in new technology. In the 24 hours leading up to 9:00 a.m. in Hong Kong, the Forkast 500 NFT index edged up 0.11% to 4,052.59, a gain of 2.84% for the week.
As of 9:00 a.m. in Hong Kong, U.S. stock futures were trading unchanged. This week, there are more earnings reports available to equity investors, allowing them to assess the status of the American economy and how that may affect the Federal Reserve’s decision to raise interest rates.
