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CryptoSlate Daily wMarket Update– Nov. 11-13: Crypto markets in a lull following FTX hack

CryptoSlate Daily wMarket Update – Nov. 11-13: Crypto markets in a lull following FTX hack CryptoSlate Daily wMarket Update– Nov. 11-13: Crypto markets in a lull following FTX hack Oluwapelumi Adejumo ·29 minutes ago · 3 minutes read

The wMarket Update condenses the most essential rate motions in the crypto markets over the reporting duration, released 07: 45 ET on weekdays.

3 minutes read

Updated: November 14, 2022 at 1: 06 pm

CryptoSlate Daily wMarket Update – Nov. 11-13: Crypto markets in a lull following FTX hack

Cover art/illustration by means of CryptoSlate

Over the reporting duration, the cryptocurrency market cap saw small inflows of around $6 billion as the market increased to $84176 billion since press time– up 0.72%.

Bitcoin and Ethereum’s market cap increased by 0.36% and 0.83% to $32182 billion and $15389 billion, respectively.

Most of the top 10 cryptocurrencies published small gains over the reporting duration, with Solana leading the healing, increasing by over 3% since press time. BTC and ETH taped small boosts of 0.44% and 1.09%, respectively. XRP and SHIB published losses of 0.56% and 1.83%, respectively.

CryptoSlate wMarket update
Source: CryptoSlate.com

The market caps of USD Coin (USDC) and BinanceUSD (BUSD) somewhat increased to $4407 billion and $2325 billion, respectively. Tether’s (USDT) market cap reduced to $663 billion.

Bitcoin

Over the last 24 hours, Bitcoin published a small gain of 0.44% to trade at $16,754 since 07: 00 ET. Its market supremacy increased to 38.3% over the reporting duration.

BTC primarily traded sideways over the weekend. In the last 24 hours, it traded for as low as $15,872 prior to rising to around $16,750 CryptoSlate research study mentioned that Bitcoin financiers have actually continued collecting the possession regardless of FTX’s implosion.

CryptoSlate wMarket update
BTC Price Performance (Source: Tradingview)

Ethereum

ETH got 1.09% in the last 24 hours, trading for $1,255 since 07: 00 ET. Its market supremacy increased to 18.3%.

Like BTC, ETH primarily traded sideways over the weekend, bottoming at around $1,210 In the last 24 hours, ETH printed a big green candle light that pressed its worth to around $1,250 since press time.

CryptoSlate wMarket update
ETH Price Performance (Source: Tradingview)

Top 5 Gainers

Trust Wallet Token

TWT is the day’s greatest gainer, growing by 51.45% to $2.42 since press time. The Trust Wallet energy token taken pleasure in massive patronage following Changpeng Zhao’s tweet on self-custody. Its market cap stood at $1.03 billion.

KuCoin Token

KCS increased by 19.4% to $7.98 in the last 24 hours. The native token of the KuCoin exchange is among the many exchange-linked tokens under the spotlight following FTX’s collapse. Its market cap stood at $78555 million.

Convex Finance

CVX taped gains of 17.76% over the reporting duration to trade at $4.32 since press time. The DeFi token has actually shed over 17% of its worth over the last 7 days. Its market cap stood at $30471 million.

Axie Infinity

AXS is up 15.39% to trade at $7.30 since press time. It was uncertain why the token was increasing. Its market cap stood at $70288 million.

Mdex

MDX’s worth grew 14.05% to $0.079 in the last 24 hours. The AMM DEX has actually been up 99% over the previous month. Its market cap stood at $7733 million.

Top 5 Losers

FTX Token

FTT is the day’s most significant loser, crashing by 20.46% in the last 24 hours to $1.50 The native token of the embattled crypto exchange suffered more pounding after the exchange suffered a hack over the weekend. Its market cap stood at $4924 million.

Celsius

CEL fell 12.73% over the reporting duration to $0.49 since press time. The having a hard time token has actually shed 51% of its worth in the last 30 days. Its market cap stood at $11745 million.

Sologenic

SOLO fell 7.36% over the reporting duration to $0.20 The liquidity procedure lost 28% over the last 7 days. Its market cap stood at $8354 million.

XinFin

XDC plunged 6.53% gains over the past 24 hours to trade at around $0.024 at press time. The token’s market cap stood at $30366 million.

Secret

SCRT lost 6.38% of its worth in the last 24 hours, trading for $ 0.61 since press time. Its market cap stood at $9973 million.

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