Daily Crypto Market Highlights – DOGE Bucks Top Ten Trend
Key insights:
- It’s a mixed Saturday session for crypto top ten, with DOGE going against the top ten trend.
- After two bullish sessions, a lack of external market forces caused investors to lock in profits.
- The total crypto market cap is down $9.4 billion to $896.2 billion with 120 minutes left in the session.
It’s a mixed Saturday session for crypto top ten. DOGE leads the way, while XRP bounces back as investors lock in profits from a bullish week. BTC broke below $20,000 for a sixth straight session and faces the prospect of ending the day below $19,000 for the third time this week.
There was no crypto news to test investor sentiment, allowing investors to take profits ahead of the start of a new week. After disconnecting from the NASDAQ 100 on Thursday and Friday, the last hour (UTC) of today’s session may dictate the influence of the NASDAQ 100 in the week ahead.
A reconnection with the NASDAQ 100 Mini will bring the US financial calendar back into focus.
Crypto market falls below $900 billion as investors lock in profits
On Saturday, the crypto market cap rose to an early afternoon high of $916.7 billion before falling to a low of $889.9 billion. A lack of external forces forced investors to lock in profits after Thursday’s breakout session and Friday’s consolidation.
The crypto market cap is down $9.4 billion to $896.2 billion with two hours left in the Saturday session. For September, the crypto market is down $57 billion.
Crypto Market Movers and Shakers from the Top Ten and Beyond
It’s a mixed Saturday session for crypto top ten.
XRP leads the way, falling 3.21% with 2 hours left in the Saturday session.
ADA (-1.52%) and BTC (-1.85%) are also struggling, with BNB (-0.18%), ETH (-0.29%) and SOL (-0.68%) in the red.
Doge goes against the top ten trend, rising by 0.11%.
From the CoinMarketCap top 100, it’s a mixed session.
Reserve Rights (RSR), Quant (QNT) and Shiba Inu Coin (SHIB) lead the way. RSR is up 7.51%, with QNT and SHIB showing gains of 3.19% and 3.79% respectively.
However, Helium (HNT) leads the way down, sliding 11.51%, with Terra Classic (LUNC) and Lido DAO (LDO) falling 6.15% and 4.25% respectively.
24-hour crypto liquidations fall in a range-bound session
Within 24 hours, total liquidations reversed in a relatively range but bearish Saturday session.
At the time of writing, 24-hour liquidations stood at $63.12 million, down from $147.92 million on Saturday morning.
Liquidated traders have also declined in the last 24 hours. At the time of writing, liquidated traders stood at 27,917 against 63,896 on Saturday morning.
Liquidations also decreased over four and twelve hours, while they increased in the last hour.
According to Coinglass, 12-hour liquidations were $63.12 million, down from $81.53 million on Saturday morning, with four-hour liquidations falling from $32.29 million to $12.63 million.
However, one-hour liquidation rose from $4.52 million to $6.45 million, reflecting a late pullback. The chart below shows market conditions throughout the session.
