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Key Insights: It was a mixed Sunday session for the crypto top ten. BNB bucked the trend, while DOGE and XRP led the way. Headwinds in the crypto market weighed on investor sentiment, with recession fears and concerns over exchange liquidity leaving volumes on the light side. The crypto market cap fell $1.01 billion to end the week at $768.81, a loss of $37.07 billion for the week.
It was a Sunday mixed session for the crypto top ten. BNB led the way, while DOGE and XRP struggled. A fork-bound session left BTC below $17,000 for the second time since Nov. 29.
Investor jitters over a Binance liquidity crunch eased further on Sunday, supporting BNB’s rally.
However, crypto headwinds left investors on the sidelines, with uncertainty in the crypto market driving volumes to low levels. Regulatory risk, recession fears, and worries about further fallout from the FTX collapse have left the crypto market capitalization below $800 billion.
Today, there are no US economic indicators for investors to consider, leaving news wires and the NASDAQ index to provide direction. The NASDAQ mini was up 11.50 points this morning, providing early support.
Total Market Cap NASDAQ 191222 Daily Chart Crypto Market Moves Sideways on Investor Uncertainty and Low Volumes
Limited throughout Sunday’s session, the crypto market cap fell to a late-morning low of $761.91 billion before rising to a late high of $775.89 billion.
Investors had no signal from newswires to provide direction, leaving the crypto market headwinds to leave the crypto market in a tight range.
A late recovery left the crypto market capitalization down a modest $1.01 billion to end the week at $768.61 billion. For the week, the crypto market cap fell by $37.07 billion.
Total Market Cap 191222 Daily Chart
Crypto Market Drivers and Shakers from the Top Ten and Beyond
It was a Sunday mixed session for the crypto top ten.
DOGE and XRP (-1.35%) led the way, with losses of 1.01% and 1.35%, respectively.
ADA (-0.37%), BTC (-0.23%), ETH (-0.32%) and MATIC (-0.47%) also saw red, while BNB bucked the ten trend first, increasing by 3.67%.
From the CoinMarketCap top 100, it was a mixed session.
Toncoin (TON) led the way, up 7.84%, with binance coin (BNB) and shiba inu coin (SHIB) among the favorites. SHIB rose 3.26%.
However, filecoin (FIL) was down 4.68%, with algorand (ALGO) and GMX (GMX) down 3.34% and 3.55%, respectively.
24-hour closeouts slip as market moves sideways
Over 24 hours, crypto liquidations continued to decline as volumes fell due to investor uncertainty.
As of this writing, 24-hour liquidations were $18.16 million versus $32.57 million as of Sunday morning.
Traders liquidated in the last 24 hours have also decreased. At the time of writing, liquidated traders stood at 6,802 from 16,669 on Sunday morning. The liquidations decreased on one hour while they increased on four and 12 hours.
Total Crypto Clearance 191222
According to Coinglass, 12-hour liquidations fell from $7.48 million to $8.38 million, with four-hour liquidations dropping from $3.86 million to $4.13 million. However, one-hour closeouts fell from $3.60 million to $0.842 million.
The chart below shows market conditions throughout the session.
Total Market Cap 191222 Hourly Chart
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMicGh0dHBzOi8vd3d3LmZ4ZW1waXJlLmNvbS9mb3JlY2FzdHMvYXJ0aWNsZS9jcnlwdG8tbWFya2V0LWRhaWx5LWhpZ2hsaWdodHMtYm5iLWJ1Y2tlZC10aGUtdG9wLXRlbi10cmVuZC0yLTEyMzQ0MTTSAWFodHRwczovL2FtcC5meGVtcGlyZS5jb20vZW4vY3J5cHRvLW1hcmtldC1kYWlseS1oaWdobGlnaHRzLWJuYi1idWNrZWQtdGhlLXRvcC10ZW4tdHJlbmQtMi8xMjM0NDE0?oc=5 The mention sources can contact us to remove/changing this article |
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