Cryptocurrency

Binance, FTX spat tanks Solana price

During the reporting period, cryptocurrency market capitalization fell by 0.2%, registering a net outflow of $1.0282 trillion from $1.306 trillion at the time of writing to $2.4 billion.

Since November 4th, Bitcoin’s market capitalization has increased by 0.6% from $395.8 billion to $398.3 billion. Meanwhile, Ethereum’s market cap fell by 0.5% from $194.3 billion to $193.3 billion.

Over the past 24 hours, all of the top 10 cryptocurrencies have posted losses, but Polygon continues its bull run against the overall market trend, growing 4%.

The biggest loser was Solana, down 11.4% as it clashed over the weekend between Binance’s CZ and FTX’s Sam Bankman-Fried. FTX is heavily invested in Solana.

top 10 cryptocurrencies
Source: CryptoSlate.com

The market caps of Tether (USDT) and USD Coin (USDC) were largely flat at $69.4 billion and $42.7 billion respectively. BinanceUSD (BUSD) increased to $22.5 billion.

Bitcoin

Over the past 24 hours, Bitcoin has posted a 2.3% loss, hitting $20,755 as of 07:00 ET. Its market dominance increased from 38.4% to 38.7%.

BTC began to peak at $21,485 late on the evening of November 4 (ET). Since then, the major cryptocurrencies have been trending downwards, finding support at $20,576 in the early hours of November 7th.

bitcoin chart
Source: TradingView.com

ethereum

Over the past 24 hours, Ethereum has fallen 2.5% to $1,579 as of 07:00 ET. Its market dominance was flat at 18.8% at the time of writing.

ETH price movements since Friday mirror those of BTC. It peaked at $1,680 on the morning of November 4th, leading to a gradual drawdown that bottomed out at $1,546 early in the morning of November 7th.

ethereum chart
Source: TradingView.com

top 5 price increases

Telcoin

TEL is the biggest gainer of the day with $ up 28.7%.0.00232 Press time now. Telecommunications carrier protocols continued their positive run, up 78.5% last month.Its market capitalization was $145.97 One million.

Mdex

MDX value rose 18.4% to $0.12962 Within the last 24 hours. AMM DEX is up 99.5% over the past month.Its market capitalization was $120.46 One million.

STEPN

GMT is up 6.1% over the last 24 hours, trading in $0.60495Health-focused protocols are on the rise in the past week, growing 11.1%.Its market capitalization was $362.97 One million.

stasis euro

EUR traded against $, gaining 4.6% over the last 24 hours0.98163 on press. The Euro stablecoin experiences volatility in dollars due to frequent exchanges between dollars and euros.Its market capitalization was $121.85 One million.

polygon

MATIC is up 4.2% against $ over the last 24 hours1.19315 Press time now. ETH Layer 2 recently acquired some high-profile partnerships and updates, including the deployment of his Aave on-chain.Its market capitalization was $10.42 a billion.

top 5 losers

ABBC Coin

ABBC was the biggest loser of the day, trading down 17.2% for $0.18224 on press. Payment protocols are down 24.8% over the past week.Its market capitalization was $190.13 One million.

Solana

GALA is down 11.4% to trade in $31.3549 on press. The Layer 1 protocol has been embroiled in a feud between Binance and FTX following the former’s decision to offload $539 million of his FTT tokens over the weekend.Its market capitalization was $11.28 a billion.

Aptos

APT fell 11.1% to $7.10365 over the reporting period. VC-backed Layer 1 is down 30.5% from its ATH on Oct. 23.Mets had a market capitalization of $923.47 One million.

Celsius

CEL fell 9.8% to $ during the reporting period0.99865Its market capitalization was $238.54 One million.

Hexadecimal

HEX traded in $ with a 9.8% loss over the last 24 hours.0.03525 Press time now. The SEC has issued a subpoena to his HEX influencer promoting HEX, Pulsechain, and PulseX.Its market capitalization was $6.11 a billion.

Posted In: Bitcoin, Wrapped

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