Daily Crypto Market Highlights – DOGE Jumps 11% to Return to Top Ten
Key insights:
- It’s a mixed end to the week for the crypto top ten, with Dogecoin (DOGE) returning to the top ten while bitcoin (BTC) bounces back after a visit to $25,000.
- There were no crypto triggers that caused a broad reversal from today’s highs, suggesting some profit-taking such as uncertainty around the Fed.
- Despite a total crypto market value drop of $6.9 billion to $1,141 billion, the crypto market cap is up $66 billion for the week.
It’s a mixed Sunday session for crypto top ten. Bitcoin (BTC) is currently in negative territory, despite a first visit to $25,000 since June 13. However, Dogecoin (DOGE) moved back into the top ten, currently up 11%, with Cardano (ADA) and XRP also finding support.
There were no signals that caused the pullback in the broader crypto market. Progress against the Vasil hard fork provided ADA support, while meme coins had a breakout session.
The total market capitalization of crypto is set for a sixth consecutive weekly increase
On Sunday, the total crypto market capitalization rose to a mid-morning high of $1.179 billion before falling to a late low of $1.123 billion. A late recovery saw the market cap return to $1,140 billion.
Currently down $6.9 billion, the total crypto market capitalization is up $66 billion for the week and heading for a sixth consecutive weekly increase.
Crypto Market Movers and Shakers from the Top Ten and Beyond
It’s a mixed Saturday session for crypto top ten.
DOGE leads the way, up 11.11%, with ADA (+2.15%) and XRP (+0.60%) also finding support.
However, SOL leads the way, falling by 2.62%, while BNB (-1.33%), BTC (-0.35%) and ETH (-1.83%) are also struggling.
From the CoinMarketCap top 100, it’s a mixed session.
Shiba Inu (SHIB) leads the way, up 35.5%, while Chiliz (CHZ) and Dogecoin (DOGE) are up 12.6% and 10.0%, respectively.
However, Lido DAO (LDO) leads the way down, sliding 7.9%, with ApeCoin (APE) and Decred (DCR) losing 6.8% and 5.7% respectively.
Total crypto liquidation eases back into a choppy session
This morning, total liquidations fell modestly despite investors locking in profits for another session.
At the time of writing, 24-hour liquidations were at $194 million, down from $220 million on Sunday morning.
Liquidated traders increased in the last 24 hours. At the time of writing, liquidated traders stood at 67,762 against 48,649 on Sunday morning. While liquidations are down over 24 hours, liquidations are up over 12 hours, 4 hours and in the last hour compared to Sunday morning.
According to Coinglass, 12-hour liquidations stand at $117 million, up from $24 million, with 4-hour liquidations up from $6 million to $25 million. One-hour liquidation increased modestly from $1.91 million to $2.93 million.
The liquidation figures reflected market conditions over the Sunday session, with one-hour figures suggesting a stabilization ahead of the Monday session. (See hourly crypto market value chart below).
