CryptoSlate Daily wMarket Update – Nov. 7: Markets turn red as FTT dumps amid rumors of liquidity issues

1 year ago

In the past 24 hours, the cryptocurrency marketplace headdress saw nett outflows of $48.79 cardinal to $971.29 from $1,028.2 cardinal arsenic of property clip — down 4.79%.

Bitcoin’s marketplace headdress fell 5.03% to $378.86 cardinal from $398.3 billion. Ethereum’s marketplace headdress besides decreased by 6.29% to $181.53 cardinal from $193.3 billion.

Over the past 24 hours, the apical 10 cryptocurrencies each posted losses. Solana and Dogecoin pb the losses, posting implicit a 10% driblet respectively, during the reporting period. BTC saw a 5.09% loss, portion ETH fell 6.26%

The marketplace caps of Tether (USDT) and BinanceUSD (BUSD) stayed mostly level astatine $69.4 cardinal and $22.5billion, respectively. USD Coin (USDC) saw an summation to $43.15billion.

Bitcoin

Over the past 24 hours, Bitcoin posted losses of 5.09% to $19,698 arsenic of 07:00 ET. Its marketplace dominance decreased to 38.66% from 38.77%.

BTC peaked astatine $20,882 during the past 24 hours and bottomed astatine $19,448, according to CryptoSlate data.

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

Ethereum

Over the past 24 hours, Ethereum decreased 6.26% to $1,480as of 07:00 ET. Its marketplace dominance besides decreased to 18.58 from 18.8% arsenic of property time.

ETH’s mislaid its $1,500 enactment astir 21:00 UTC. The second-largest integer plus peaked astatine $1,604 and bottomed astatine $1,443.

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

Top 5 Gainers

Reef

REEF is the day’s biggest gainer, up 20.23% to $$0.00602 as of property time. The liquidity aggregator has risen by implicit 13% successful the past 7 days. Its marketplace headdress stood astatine $123.32 million.

Decentralized Social

DESO is among the day’s apical gainers, rising 13.3% successful the past 24 hours to $15.12. The decentralized societal web has seen accrued involvement pursuing Elon Musk’s acquisition of Twitter, Its marketplace headdress stood astatine $131.82 million.

DeXe

DEXE roseate 8.72% to $3.28 arsenic of property time. The autochthonal token of the societal trading level has gained implicit 9% successful the past 30 days. Its marketplace headdress stood astatine $119.95 million.

Astar

ASTR is up 6.04% implicit the past 24 hours to commercialized astatine $$0.04845 as of property time. The token has been connected a greenish tally since it was listed connected Binance.US, rising by implicit 30% implicit the past month. Its marketplace headdress stood astatine $179.31 million.

Chainlink

LINK saw 6.47% gains implicit the past 24 hours, peaking astatine implicit $9.20. Santiment reported that traders are longing the plus massively arsenic it has precocious seen galore progressive addresses. Its marketplace headdress stood astatine $4.31 billion.

Top 5 Losers

Hashflow

HFT is the day’s biggest loser, tanking by implicit 64% successful the past 24 hours to $0.898. It was unclear wherefore the token fell arsenic it was precocious listed connected Binance. Its marketplace headdress stood astatine $157.45 million.

FTX Token

FTT continues its mediocre terms performance, shedding astir 24% of its worth successful the past 24 hours. The token is presently successful the oculus of the storm, pursuing Binance determination to liquidate its position. Its marketplace headdress stood astatine $2.26 billion.

RenderToken

RNDR fell 22.6% to commercialized astatine $0.706 arsenic of property time. Its marketplace headdress stood astatine $179.21 million.

Mdex

MDX plunged 18.87% to $0.10388 successful the past 24 hours. The AMM DEX has been up 99.5% implicit the past month. Its marketplace headdress stood astatine $96.07 million.

Mask Network

MASK dropped  16.9% of its worth and is presently trading for $3.68 arsenic of property time. Its marketplace headdress stood astatine $$107.5 million.

The station CryptoSlate Daily wMarket Update – Nov. 7: Markets crook reddish arsenic FTT dumps amid rumors of liquidity issues appeared archetypal connected CryptoSlate.

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