CryptoSlate Daily wMarket Update – Nov. 10: Solana leads US CPI induced market recovery

In the past 24 hours, the cryptocurrency marketplace headdress saw inflows of astir $50 cardinal arsenic the manufacture roseate to $872.68 cardinal from $828.94 cardinal arsenic of property clip — up 5.26%.

Bitcoin and Ethereum’s marketplace headdress accrued by 5.26% and 7.19% to $332.72 cardinal and $155.89 billion, respectively.

The crypto marketplace experienced a affirmative bounce arsenic the apical 10 cryptocurrencies each posted important gains. Solana printed the highest greenish candle, rising by 28% implicit the reporting period. BTC and ETH recorded increases of 5.57% and 7.99%, respectively.

Source: CryptoSlate.com

The marketplace caps of USD Coin (USDC) and BinanceUSD (BUSD) somewhat accrued to $43.7 cardinal and $23.03 billion, respectively. Tether’s (USDT) marketplace headdress decreased to $68.14 billion.

Bitcoin

Over the past 24 hours, Bitcoin posted gains of 5.57% to commercialized astatine $17,379 arsenic of 07:00 ET. Its marketplace dominance remained level astatine 38.1% implicit the reporting period.

After days of consecutive mediocre performance, Bitcoin terms concisely traded supra the $18,000 obstruction aft US authorities released October’s Consumer Price Index (CPI) data. The plus bottomed astatine $16,367 implicit the reporting period.

BTC 24-Hour Price Performance (Source: Tradingview)

Ethereum

ETH gained 7.99% successful the past 24 hours, trading for $1,281 arsenic of 07:00 ET. Its marketplace dominance roseate to 17.9% from 17.5%.

The second-largest integer plus posted a elephantine greenish candle astir 09:00 UTC connected Nov. 10, pushing it supra $1,200. The plus traded sideways for the remainder of the day.

ETH 24-Hour Price Performance (Source: Tradingview)

Top 5 Gainers

Constitution DAO

PEOPLE is the day’s biggest gainer, increasing by $69.19% to $0.03 arsenic of property time. The DAO question token is 1 of the fewer outliers successful the existent marketplace situation, rising 30% implicit the past 7 days. Its marketplace headdress stood astatine $166.85 million.

FTX Token

FTT recorded gains for the archetypal clip this week, rising by implicit 35% successful the past 24 hours to $3.47. The embattled web has enabled withdrawals for users successful Turkey and Japan. Its marketplace headdress stood astatine $461.64 million.

Solana

Like FTT, SOL posted a affirmative terms show implicit the past 24 hours, expanding by 30% implicit the reporting play to $17.64. The suspension of the token unlock to a aboriginal day fueled its run. Its marketplace headdress stood astatine $6.44 billion.

dYdX

The autochthonal token of the decentralized speech DYDX continued its upward movement, gaining 30.57% implicit the past 24 hours and trading astatine $1.96 arsenic of property time. Its marketplace headdress stood astatine $128.59 million.

Band Protocol

BAND roseate by 28.49% implicit the past 24 hours to commercialized astatine $2.39 arsenic of property time. It was unclear wherefore the Cosmos-based information oracle was rising. Its marketplace headdress stood astatine $84.13 million.

Top 5 Losers

VIDT Datalink

VIDT is the day’s biggest loser, shedding 5.71% of its worth implicit the past 24 hours to commercialized astatine $0.26 arsenic of property time. Over the past 7 days, the crypto token has shed astir 50% of its value. Its marketplace headdress stood astatine $202.99 million.

Secret

SCRT mislaid 0.8% of its worth successful the past 24 hours, trading for $0.72 arsenic of property time. Its marketplace headdress stood astatine $118.11 million.

Huobi Token

The autochthonal token of the crypto speech HT plunged 0.39% implicit the reporting play to commercialized astatine $5.99 arsenic of property time. It was unclear wherefore the token was falling. Its marketplace headdress stood astatine $919.45 million.

Binance USD

BUSD fell by 0.31% successful the past 24 hours. however, the Binance-backed stablecoin maintained its peg passim the reporting period. Its marketplace headdress stood astatine $23.03 billion.

Paxos Standard

Another stablecoin among the apical losers of the time is USDP. The Dollar-pegged stablecoin maintained its peg contempt the volatility. Its marketplace headdress stood astatine $944.64 million.

The station CryptoSlate Daily wMarket Update – Nov. 10: Solana leads US CPI induced marketplace recovery appeared archetypal connected CryptoSlate.