Crypto Market Daily Highlights – ADA, BNB, and ETH Find Modest Support

Key Insights:

• It was a mixed Saturday for the crypto top ten, with ADA, BNB, and ETH bucking a bearish top ten trend.
• There were no news stories to distract investors ahead of Tuesday’s US CPI report and Wednesday’s Fed policy decision, leaving investors on a cautious footing.
• The crypto market cap rose by $1.1 billion to $810.7 billion.

It was a mixed Friday session for the crypto top ten. ADA, BNB, and ETH joined the broader crypto market in positive territory. Despite a bearish session, BTC avoided sub-$17,000 for the second time since November 7.

There were no economic indicators for investors to consider on Saturday. With the US markets closed, investors had an opportunity to digest the latest stats and look ahead to Tuesday’s US CPI report and the all-important FOMC interest rate decision and economic projections on Wednesday.

Following Friday’s wholesale inflation numbers, which were crypto price negative, there is likely some apprehension ahead of Tuesday’s CPI report. An unexpected spike in US inflation could shut the door on a December Fed pivot.

Going into the Monday session, the bets are for a 50-basis point rate interest hike on Wednesday. According to the FedWatch tool, the probability of a 75-basis point rate hike stands at 21.8% versus 78.2% for a 50-basis point move.

Today, a lack of crypto news would leave the investors to track the NASDAQ mini in the final hour (UTC).

Crypto Market Sees Modest Rise Ahead of Tuesday’s CPI Report

On Saturday, the crypto market cap fell to a morning low of $807.1 billion before finding support. A bullish afternoon saw the crypto market cap rise to a late afternoon high of $819.4 billion.

However, a late pullback left the market cap up $1.1 billion to $810.7 billion for the session.

The Crypto Market Movers and Shakers from the Top Ten and Beyond

It was a mixed Saturday session for the crypto top ten.

DOGE (-0.52%) and XRP (-0.61%) led the way down, with BTC (-0.02%) and MATIC (-0.10%) struggling.

However, ADA (+0.32%), BNB (+0.77%), and ETH (+0.28%) found support to end the day in positive territory.

From the CoinMarketCap top 100, it is a mixed session.

Osmosis (OSMO), the graph (GRT), and axie infinity (AXS) were among the front runners. OSMO rallied by 16.09%, with GRT and AXS seeing gains of 10.49% and 3.43%, respectively.

However, chain (XCN) led the way down, sliding by 9.36%, with lido DAO (LDO) and quant (QNT) seeing losses of 1.72% and 1.40%, respectively.

24-Hour Liquidations Slide as Trading Volumes Tumble

Over 24 hours, crypto liquidations tumbled on Saturday, with trading volumes sliding ahead of next week’s US CPI report and Fed interest rate decision.

At the time of writing, 24-hour liquidations stood at $7.50 million versus $20.67 million on Saturday morning.

Liquidated traders over the last 24 hours also decreased. At the time of writing, liquidated traders stood at 4,475 versus 7,841 on Saturday morning. Crypto liquidations were down over 12 while up over four hours and one hour.

According to Coinglass, 12-hour liquidations fell from $12.87 million to $5.43 million. However, four-hour liquidations rose from $1.49 million to $1.56 million, with one-hour liquidations increasing from $0.199 million to $0.870 million.

The chart below shows market conditions throughout the session.