The crypto market recovered from the low price levels, and FTX Token (FTT) remained the most trending token, following a nearly 15% upswing. Remember, FTT dominated debates amid the latest rapid crypto prices fall. Bitcoin, Binance Coin (BNB), Ethereum, and most altcoins recorded surges.
The global crypto market capitalization gained approximately 4.43% to $859B, whereas its trading volume plunged by 24.65% to $142.79 billion (Coinmarketcap data). Meanwhile, Chiliz (CHZ) led the upside party in the market, surging 21.3% to $0.2043. Quant (QNT) was the top loser, surrendering 4.04% to $118.40.
Crypto Prices
Today’s sessions saw Bitcoin gaining about 3.09% to $17,020.5. It touched the lowest intraday at $16,260.29, whereas its volume slumped by 27.38% to $106,206,122,836. BTC presented upside strides since late 10 November, pushing to $17,792 from $16,592 in less than two hours.
Nevertheless, its trading volume remained down. Ethereum followed BTC’s steps, gaining 4.67% within the past day to $1,225.77. Also, the leading alt saw a substantial buying strength in late 10 November. That saw it climbing to $1,333 from $1,178 within two hours.
Nevertheless, its trading volume was low. ETH hit its lowest intraday at $1,160.35, whereas its trading volume declined by 33.87% to $26,749,455. Other assets saw uptrends. XRP gained 8.26% to $0.3823, whereas its 24hr trading volume reflected a 23.57% loss at $2,848,269,981.
Cardano and Binance Coin soared 7.45% and 6.97% to $0.3618 and $293.89, respectively. Meanwhile, ADA’s 24hr trading volume surged 25.23% to $1,194,678,271. BNB’s daily trading volume stood near $2,348,332,059 – a 24.02% dip.
Meme Coins
Dogecoin leads the meme tokens with a 13.73% surge to $0.08638. It’s daily trading volume lost 15.61% to $2,382,549,235. Also, SHIB traded near $0.00001007, following a 7.46% gain.
DeFi
Yearn.Finance hit $6,439.41 after a 12.7% surge. Its daily trading volume declined by 21.38% to $50,378,993. Meanwhile, Avalanche rose by 13.75% to $14.94, whereas its 24hr trading volume hovered at $773,213,366 – reflecting a 12.86% drop.
AAVE’s 9.77% surge saw its wavering at $66.19. Its daily trading volume declined by 23.98% to $173,831,680.
What are your opinions about the current crypto market outlook? Should we expect gradual upticks in the upcoming sessions? Time could have our answer. Feel free to comment below.
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