Markets: Bitcoin, Ether inch up, Dogecoin leads decline across top 10 cryptos

Bitcoin and Ethereum inched up in Monday afternoon trading in Asia.

Most other non-stablecoin top 10 cryptocurrencies by market capitalization were little changed, with Dogecoin leading declines.

Fast facts

Hong Kong time on Monday, while Ether gained 0.15% to US$1,220, according to CoinMarketCap data.
Dogecoin was the biggest loser in the top 10 cryptos, falling 1.87% to trade at US$0.07563 in the past 24 hours.
Major Dogecoin advocate Elon Musk may soon step down from the top job at social media platform Twitter.
Binance’s BNB token traded at US$243.32, a drop of 0.72% over the past 24 hours.
Binance, the world’s largest cryptocurrency exchange, has been accused of deliberately causing the collapse of Bahamas-based FTX.com that was once the second-largest exchange.
Binance may also be probed by the U.S. Justice Department over money laundering violations.
XRP inched up 0.64% to trade at US$0.3512, after dropping 1.64% in Monday morning trade in Asia.
Equity markets in the U.S. and Hong Kong were closed on Monday for Christmas.
U.S. equity markets rose on Friday after posting a loss for the week over fears of an emerging recession.
On Friday, the Nasdaq composite closed 0.2% higher, the S&P 500 was up 0.6% and the Dow Jones Industrial Average gained 0.5%.
The U.S. central bank raised interest rates by half a percentage point this month after the consumer price index, a key inflation indicator, rose 7.1% in November from a year earlier.

U.S. Federal Reserve Chair Jerome Powell has said there will be more interest rate hikes next year even as the economy moves towards a potential recession.