CryptoSlate Daily wMarket Update – Nov. 4-6: Binance, FTX spat tanks Solana price

1 year ago

Over the reporting period, the cryptocurrency marketplace headdress saw nett outflows of $2.4 cardinal to $1,028.2 cardinal from $1,030.6 cardinal arsenic of property clip — down 0.2%.

Since Nov. 4, Bitcoin’s marketplace headdress has grown 0.6% to $398.3 cardinal from $395.8 billion. Meanwhile, Ethereum’s marketplace headdress decreased by 0.5% to $193.3 cardinal from $194.3 billion.

Over the past 24 hours, the apical 10 cryptocurrencies each posted losses, but Polygon, which bucked the wider marketplace inclination to proceed its bullish run, increasing 4%.

The biggest loser was Solana, decreasing 11.4% arsenic the spat betwixt Binance’s CZ and FTX’s Sam Bankman-Fried blew up implicit the weekend. FTX is heavy invested successful Solana.

The marketplace caps of Tether (USDT) and USD Coin (USDC) stayed mostly level astatine $69.4 cardinal and $42.7 billion, respectively. BinanceUSD (BUSD) saw an summation to $22.5 billion.

Bitcoin

Over the past 24 hours, Bitcoin posted losses of 2.3% to $20,755 arsenic of 07:00 ET. Its marketplace dominance accrued to 38.7% from 38.4%.

BTC began moving higher to highest astatine $21,485 precocious Nov. 4 evening (ET). Since then, the starring cryptocurrency trended downward, uncovering enactment astatine $20,576 aboriginal greeting connected Nov. 7.

Ethereum

Over the past 24 hours, Ethereum decreased 2.5% to $1,579 arsenic of 07:00 ET. Its marketplace dominance stayed level astatine 18.8% arsenic of property time.

ETH’s terms question since Friday mirrored BTC’s. A highest of $1,680 was reached connected Nov. 4 morning, starring into a gradual drawdown that bottomed astatine $1,546 aboriginal greeting connected Nov. 7.

Top 5 Gainers

Telcoin

TEL is the day’s biggest gainer, up 28.7% to $0.00232 arsenic of property time. The telecom relation protocol continues its beardown tally of form, up 78.5% implicit the past month. Its marketplace headdress stood astatine $145.97 million.

Mdex

MDX’s worth grew 18.4% to $0.12962 successful the past 24 hours. The AMM DEX is up 99.5% implicit the past month. Its marketplace headdress stood astatine $120.46 million.

STEPN

GMT saw 6.1% gains implicit the past 24 hours to commercialized astatine $0.60495. The health-focused protocol has been climbing higher implicit the past week, increasing 11.1%. Its marketplace headdress stood astatine $362.97 million.

STASIS EURO

EUR gained 4.6% successful the past 24 hours to commercialized astatine $0.98163 astatine property time. The Euro stablecoin has experienced volatility successful dollar presumption owed to the changeable dollar-euro exchange. Its marketplace headdress stood astatine $121.85 million.

Polygon

MATIC is up 4.2% successful the past 24 hours to $1.19315 arsenic of property time. The ETH Layer-2 has precocious acquired respective high-profile partnerships and updates, including Aave’s deployment connected the chain. Its marketplace headdress stood astatine $10.42 billion.

Top 5 Losers

ABBC Coin

ABBC is the day’s biggest loser, sinking 17.2% to commercialized astatine $0.18224 astatine property time. The outgo protocol is down 24.8% implicit the past week. Its marketplace headdress stood astatine $190.13 million.

Solana

GALA is down 11.4% to commercialized astatine $31.3549 astatine the clip of press. The furniture 1 protocol is caught successful the feud betwixt Binance and FTX pursuing the former’s determination to offload $539 cardinal FTT tokens implicit the weekend. Its marketplace headdress stood astatine $11.28 billion.

Aptos

APT dropped by 11.1% to $7.10365 implicit the reporting period. The VC-backed furniture 1 is down 30.5% from its October 23 ATH. Its marketplace headdress stood astatine $923.47 million.

Celsius

CEL fell 9.8% implicit the reporting play to $0.99865. Its marketplace headdress stood astatine $238.54 million.

HEX

HEX recorded a 9.8% nonaccomplishment implicit the past 24 hours to commercialized astatine $0.03525 arsenic of property time. The SEC issued subpoenas to HEX influencers promoting HEX, Pulsechain, and PulseX. Its marketplace headdress stood astatine $6.11 billion.

The station CryptoSlate Daily wMarket Update – Nov. 4-6: Binance, FTX spat tanks Solana price appeared archetypal connected CryptoSlate.

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