Good morning Asia, here's how the markets are moving: 1. Bitcoin sailed past $28.6K late Tuesday, but DOGE fell slightly after a dramatic opening to the week. 2. Delphi Digital's research head considers Binance's loss of market share. JPRubin23 reports
The largest cryptocurrency by market value was recently trading at $28,622, up 2.6% as investors contemplated a welcome dip in the heated job market but also remained cautious about the future after weeks of banking uncertainty.
"Bitcoin is hovering around the high end of its recent range as crypto traders await to see how it will benefit from the current banking crisis," said Edward Moya, although he also noted that"the Bitcoin bear case" was growing. Other major cryptos were largely in the green, albeit lighter shades. MATIC, the token of layer 2 platform Polygon, and SOL, the token of the Solana blockchain, recently jumped 5.2% and 3.8%, respectively. Popular meme coin DOGE dropped 0.7%. The decline came a day after it climbed dramatically as Elon Musk's Twitter replaced the social-media platform's familiar blue bird logo atop its homepage with the cryptocurrency's iconic Shiba Inu dog. DOGE is up 21% from the start of the week.
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