Bitcoin and Ethereum prices fell during Tuesday afternoon trading in Asia along with most other top 10 non-stablecoin cryptocurrencies. Dogecoin was the exception in that list as it rebounded from its morning losses<\/a>.<\/p>\n See related article: <\/em><\/strong>January weekly crypto product investment reaches highest since July, says CoinShares report<\/a><\/p>\n Bitcoin, the largest cryptocurrency by market capitalization, fell 2.89% to US$22,971 over 24 hours to 4 p.m. in Hong Kong, posting a 0.39% drop in the past seven days, according to data from CoinMarketCap<\/a>. Ethereum dropped 3.05% on Tuesday afternoon and 3.53% for the week to trade at US$1,577.<\/p>\n<\/li>\n Solana and Polygon posted the biggest losses among the top 10 cryptos. Solana fell 5.21% to US$24 and has dropped 3.11% in the past seven days. Matic, the native cryptocurrency of Polygon, lost 4.94% to US$1.1 but is up 7.74% over the past week.<\/p>\n<\/li>\n Dogecoin was the sole winner among the top 10 cryptos on Tuesday afternoon, rising 6.98% to US$0.09454, after gaining 4.85% on the week. Elon Musk, Twitter chief and Dogecoin advocate, is reportedly<\/a> exploring the possibility of adding crypto as a payments system for the social media platform.<\/p>\n<\/li>\n Asian stock markets dropped on Tuesday as investors look ahead to policy announcements by major central banks this week. The U.S. Federal Reserve is meeting from Jan. 31 to Feb. 1 and is expected to raise interest rates by 25 basis points to cool inflation.<\/p>\n<\/li>\n The Shenzhen Component closed Tuesday\u2019s trading session 0.80% lower, and the Shanghai Composite fell 0.42%. Chinese chip makers are expected to face coming pressure after the U.S. reportedly secured a deal with Japan and the Netherlands last Friday to limit some machinery exports to China.<\/p>\n<\/li>\n Hong Kong\u2019s Hang Seng Index closed<\/a> Tuesday down 1.03%, dipping for the second consecutive day to conclude its strong January rally.<\/p>\n<\/li>\n South Korea\u2019s Kospi<\/a> lost 1.04%, and Japan\u2019s Nikkei 225<\/a> fell 0.39%.<\/p>\n<\/li>\n India\u2019s Sensex<\/a> index at the Bombay Stock Exchange was among the exceptions in Asian markets to gain on Tuesday, rising 0.08% at closing. Investors are on the lookout for the South Asian nation\u2019s full year budget<\/a> on Wednesday, the last report of its kind before the 2024 general elections. Economist Arvind Panagariya said India is more likely to present<\/a> a budget that may boost the economy instead of a \u201cpopulist\u201d one.<\/p>\n<\/li>\n See related article: <\/em><\/strong>India\u2019s CoinDCX exchange says crypto tax rules are reducing government revenue<\/a><\/p>\n<\/li>\n<\/ul>\n<\/div>\nFast facts<\/h2>\n
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