CryptoSlate Daily wMarket Update – Nov. 11-13: Crypto markets in a lull following FTX hack

Over the reporting period, the cryptocurrency marketplace headdress saw insignificant inflows of astir $6 cardinal arsenic the manufacture roseate to $841.76 cardinal arsenic of property clip — up 0.72%.

Bitcoin and Ethereum’s marketplace headdress accrued by 0.36% and 0.83% to $321.82 cardinal and $153.89 billion, respectively.

Most of the apical 10 cryptocurrencies posted insignificant gains implicit the reporting period, with Solana starring the recovery, rising by implicit 3% arsenic of property time. BTC and ETH recorded flimsy increases of 0.44% and 1.09%, respectively. XRP and SHIB posted losses of 0.56% and 1.83%, respectively.

Source: CryptoSlate.com

The marketplace caps of USD Coin (USDC) and BinanceUSD (BUSD) somewhat accrued to $44.07 cardinal and $23.25  billion, respectively. Tether’s (USDT) marketplace headdress decreased to $66.3 billion.

Bitcoin

Over the past 24 hours, Bitcoin posted a insignificant summation of 0.44% to commercialized astatine $16,754 arsenic of 07:00 ET. Its marketplace dominance accrued to 38.3% implicit the reporting period.

BTC mostly traded sideways implicit the weekend. In the past 24 hours, it traded for arsenic debased arsenic $15,872 earlier surging to astir $16,750. Meanwhile, CryptoSlate probe stated that Bitcoin investors person continued accumulating the plus contempt FTX’s implosion.

BTC Price Performance (Source: Tradingview)

Ethereum

ETH gained 1.09% successful the past 24 hours, trading for $1,255 arsenic of 07:00 ET. Its marketplace dominance roseate to 18.3%.

Like BTC, ETH mostly traded sideways implicit the weekend, bottoming astatine astir $1,210. In the past 24 hours, ETH printed a immense greenish candle that pushed its worth to astir $1,250 arsenic of property time.

ETH Price Performance (Source: Tradingview)

Top 5 Gainers

Trust Wallet Token

TWT is the day’s biggest gainer, increasing by 51.45% to $2.42 arsenic of property time. The Trust Wallet inferior token enjoyed tremendous patronage pursuing Changpeng Zhao’s tweet connected self-custody. Its marketplace headdress stood astatine $1.03 billion.

KuCoin Token

KCS roseate by 19.4% to $7.98 successful the past 24 hours. The autochthonal token of the KuCoin speech is 1 of the galore exchange-linked tokens nether the spotlight pursuing FTX’s collapse. Its marketplace headdress stood astatine $785.55 million.

Convex Finance

CVX recorded gains of 17.76% implicit the reporting play to commercialized astatine $4.32 arsenic of property time. The DeFi token has shed implicit 17% of its worth implicit the past 7 days.  Its marketplace headdress stood astatine $304.71 million.

Axie Infinity

AXS is up 15.39% to commercialized astatine $7.30 arsenic of property time. It was unclear wherefore the token was rising. Its marketplace headdress stood astatine $702.88 million.

Mdex

MDX’s worth grew 14.05% to $0.079 successful the past 24 hours. The AMM DEX has been up 99% implicit the past month. Its marketplace headdress stood astatine $77.33 million.

Top 5 Losers

FTX Token

FTT is the day’s biggest loser, crashing by 20.46% successful the past 24 hours to $1.50. The autochthonal token of the embattled crypto speech suffered much beating aft the speech suffered a hack implicit the weekend. Its marketplace headdress stood astatine $492.4 million.

Celsius

CEL fell 12.73% implicit the reporting play to $0.49 arsenic of property time. The struggling token has shed 51% of its worth successful the past 30 days. Its marketplace headdress stood astatine $117.45 million.

Sologenic

SOLO fell 7.36% implicit the reporting play to $0.20. The liquidity protocol mislaid 28% implicit the past 7 days. Its marketplace headdress stood astatine $83.54 million.

XinFin

XDC plunged 6.53% gains implicit the past 24 hours to commercialized astatine astir $0.024 astatine property time. The token’s marketplace headdress stood astatine $303.66 million.

Secret

SCRT mislaid 6.38% of its worth successful the past 24 hours, trading for $0.61 arsenic of property time. Its marketplace headdress stood astatine $99.73 million.

The station CryptoSlate Daily wMarket Update – Nov. 11-13: Crypto markets successful a lull pursuing FTX hack appeared archetypal connected CryptoSlate.