Crypto Market Ends the Week on a Low Note
It was a bearish Saturday session. After a range-bound morning session, the crypto market cap rose to a late afternoon high of $986.83 billion before hitting the reverse. The reversal saw the crypto market cap fall to a late low of $958.50 billion before ending the day at $968.03 billion.
The $6.19 billion loss on Sunday left the crypto market cap down by $47.75 billion for the week.
The Crypto Market Movers and Shakers from the Top Ten and Beyond
It was a mixed session for the crypto top ten.
BNB bucked the bearish top ten trend, rising by 0.71%.
However, XRP led the way down, falling by 2.29%, with ADA (-1.09%), ETH (-1.53%), and MATIC (-0.84%) also struggling.
BTC fell by 0.32%, with DOGE ending the day flat.
From the CoinMarketCap top 100, it was a mixed session.
BinaryX (BNX) rallied by 17.05% to lead the way, with render token (RNDR) and oasis network (ROSE) seeing gains of 6.59% and 9.40%, respectively.
However, Mina (MINA) slid by 11.22%, with loopring (LRC) and singularityNET (AGIX) seeing losses of 5.34% and 6.07%, respectively.
24-Hour Liquidations Increase on Fed Fear and SEC Jitters
Over 24 hours, crypto liquidations increased but remained below normal levels. Long positions had a higher share of liquidations, accounting for 70.73% of total liquidations. At the time of writing, 24-hour liquidations stood at $56.17 million versus $29.80 million on Sunday morning.
Liquidated traders over the last 24 hours were also higher. At the time of writing, liquidated traders stood at 27,327 versus 16,123 on Sunday morning. Crypto liquidations were higher over 12 and four hours while lower over one hour.
According to Coinglass, 12-hour liquidations stood at $46.91 million versus $18.40 million on Sunday, with four-hour liquidations up from $7.22 million to $33.42 million. However, one-hour liquidations decreased from $2.47 million to $0.490 million.
A late crypto market reversal led to the spike in four-hour liquidations, which pushed the 12-hour and 24-hour liquidations higher.
The chart below shows market conditions throughout the session.
