Asian Market Updates: Cryptocurrencies Post Moderate Gains

At midday in Hong Kong, bitcoin was up 3.81 percent to $15,000. The virtual currency has been down for the past two days, losing about 8.5 percent. Overall, the week has been positive for bitcoin, tacking on 6 percent for the week so far, compared to a loss of about 25 percent in the previous week.

Ethereum gained 2 percent to $738 at midday. Ethereum has been down for the past two days as well, losing almost 5 percent. The virtual currency has gained about 6 percent so far this week, offsetting a 5 percent loss in the previous week.

Litecoin was nearly unchanged for the day, trading at $250 by midday on Friday. sharp fall yesterday. Litecoin’s price has largely remained under $300 for the past week. The virtual currency has lost about 7.8 percent this week, on top of a drop of 16.5 percent in the previous week.

Main Market Movers – Mid-day Asian Trading Session

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