Crypto Market Daily Highlights – DOGE Bucked a Bearish Top Ten Session

Key Insights:

• It was a mixed Sunday session for the crypto top ten. DOGE led the way, while BNB gave up some of Saturday’s gains.
• A final-hour pullback left BTC in the red and the broader crypto market flat for the session, with the NASDAQ Mini opening the week in the red.
• The crypto market cap fell by $1.0 to end the day at $789.8 billion.

It was a mixed Sunday session for the crypto top ten. DOGE led the way while BNB gave up some of Saturday’s gains. However, BTC had another range-bound session, moving within a $193 range. Notably, BTC avoided sub-$16,000 for a fifth consecutive session.

Trading volumes remained on the lower side at the end of the Thanksgiving holidays, leaving the broader crypto market to move sideways for a fifth consecutive session.

There were no updates on FTX to provide direction, though FTX contagion risk continued to subside. However, regulator risk remains a crypto market headwind, with uncertainty over the impact of the FTX collapse on the regulatory landscape likely to linger.

Following the Thanksgiving holidays, the NASDAQ Composite Index and FTX updates will provide direction today. This morning, the NASDAQ Mini was down 46.75 points, supporting the final-hour pullback.

However, with no US economic indicators for investors to consider, FOMC member chatter will need monitoring.

Crypto Market Falls for the Second Time in Six Sessions

It is a relatively mixed Sunday session. The crypto market rose to a late high of $805.0 billion before sliding to a final-hour low of $785.5 billion.

Risk aversion stemming from China’s latest COVID-19 lockdown measures and reports of protests in response to the crackdown weighed on riskier assets.

The final-hour reversal left the crypto market at $$789.8 billion, down $1.04 billion for the day.

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

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

DOGE jumped by 10.67% to lead the way, with XRP (+0.13%) finding support.

However, BNB led the way down, falling by 1.19%, with ADA (-0.32%), BTC (-0.15%), ETH (-0.95%), and MATIC (-0.23%) seeing modest losses.

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

Celo (CELO) led the way, surging by 36.08%. Dogecoin (DOGE) and apecoin (APE) were among the front-runners. APE ended the day up by 10.56%.

However, chainlink (LINK) led the way down, falling by 3.50%, with curve DAO token (CRV) and nexo (NEXO) seeing losses of 2.55% and 3.31%, respectively.

24-Hour Liquidations Fell Further Despite Modest Rise in Volumes

Over 24 hours, total liquidations fell further from normal levels amid light trading volumes. At the time of writing, 24-hour liquidations stood at $39.52 million versus $41.75 million on Sunday morning.

Liquidated traders over the last 24 hours held steady. At the time of writing, liquidated traders stood at 15,088 versus 15,290 on Sunday morning. However, liquidations were up over four hours and one hour while down over 12 hours.

According to Coinglass, 12-hour liquidations fell from $23.67 million to $16.93 million. Four-hour liquidations rose from $6.96 million to $10.98 million, with one-hour liquidations up from $0.632 million to $9.67 million, reflecting the final-hour pullback.

The chart below shows market conditions throughout the session.