CryptoSlate Daily wMarket Update – Nov. 30: Bitcoin breaks $17K resistance as markets expect slower rate hikes

1 year ago

The cryptocurrency marketplace headdress saw nett inflows of $8.12 cardinal implicit the past 24 hours and presently stands astatine $861.02 cardinal — up 0.94% from $852.9 cardinal implicit the reporting period.

Bitcoin and Ethereum’s marketplace headdress accrued by 1.43% and 1.47% to $329.02 cardinal and $157.28 billion, respectively.

Polygon led the gains among the apical 10 cryptocurrencies, up 5,86% implicit the reporting period. Meanwhile, BTC and ETH gained 1.29% and 1.22%, respectively.

CryptoSlate wMarket updateSource: CryptoSlate

Over the reporting period, USD Coin’s (USDC) marketplace headdress somewhat decreased to $43.25 billion. Meanwhile, Tether’s (USDT) and BinanceUSD’s (BUSD) marketplace headdress somewhat accrued to $65.36 cardinal and $22.21 billion, respectively.

Bitcoin

Bitcoin gained 1.29% to commercialized astatine $17,099 arsenic of 07:00 ET. Its marketplace dominance remained level at  38.1%.

During the past 24 hours, Bitcoin broke supra $17,000 astir 15:00 UTC. The flagship integer plus has continued to commercialized supra the absorption level since then.

CryptoSlate wMarket updateBTC 24-Hour Price Performance (Source: Tradingview)

Ethereum

ETH posted 1.22% gains implicit the past 24 hours to commercialized astatine $1,282 arsenic of 07:00 ET. As a result, its marketplace dominance accrued to 18.3% from 18.2% implicit the reporting period.

Like BTC, ETH was capable to support its terms supra the $1,200 people during the past 24 hours aft breaking the portion astir 15:00 UTC.

CryptoSlate wMarket updateETH 24-Hour Price Performance (Source: Tradingview)

Top 5 Gainers

Mask Network

MASK is the day’s biggest gainer, increasing by 24.66% implicit the past 24 hours to $4.13 arsenic of property time. The token has grown by implicit 54% successful the past 7 days. Its marketplace headdress stood astatine $281.69 million.

GMX

GMX gained 12.74% implicit the reporting play to commercialized astatine $50.53 arsenic of property time. Its marketplace headdress stood astatine $403.83 million

Optimism

OP accrued by 10.07% successful the past 24 hours to $1.048. The layer2 blockchain token has risen by 12% implicit the past 7 days. Its marketplace headdress stood astatine $246.62 million.

EthereumPoW

ETHW grew 8.93% implicit the reporting play to $0.036. The Proof-of-Work token has mislaid 40% of its worth implicit the past 30 days. Its marketplace headdress stood astatine $388.73 million.

Zcash

ZEC saw a 6.67% summation successful the past 24 hours to $44.95. It was unclear wherefore the privacy-focused token was rising. Its marketplace headdress stood astatine $711.19 million.

Top 5 Losers

GensoKishi Metaverse

MV is the day’s biggest loser, shedding 11.7% of its worth to commercialized astatine $0.19 as of property time. The metaverse-related token has been connected a downward inclination successful the past 30 days, losing implicit 11% of its value. Its marketplace headdress stood astatine $327.98 million.

Kaspa

KAS is among the apical losers again, arsenic it mislaid 7.11% successful the past 24 hours to commercialized astatine $0.00810 arsenic of property time. Its marketplace headdress stood astatine $119.86 million.

MobileCoin

MOB plunged by 7.47% to $1.30 arsenic of property time. It was unclear wherefore the token was falling. Its marketplace headdress stood astatine $96.94 million.

HI

HI is among the day’s biggest losers, losing 4.58% of its worth to commercialized astatine $0.029 as of property time. Its marketplace headdress stood astatine $84.56 million.

Icon

ICX shed each the gains it made connected Nov. 29, crashing by 4.56% to $0.19 arsenic of property time. Its marketplace headdress stood astatine $182.05 million.

The station CryptoSlate Daily wMarket Update – Nov. 30: Bitcoin breaks $17K absorption arsenic markets expect slower complaint hikes appeared archetypal connected CryptoSlate.

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