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CryptoSlate Daily wMarket Update – Nov. 16: Minor large cap sell-off sums up flat sentiment
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
This article was published 4 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Cover art/illustration via CryptoSlate. Image includes combined content which may include the use of AI tools.
Over the last 24 hours, the cryptocurrency market cap saw net outflows of $8.43 billion and currently stands at $828.16 billion as of press time — down 1% from $836.59 billion on Nov. 16.
Bitcoin's market cap fell 0.5% to $318.5 billion from $319.9 billion, while Ethereum's market cap decreased by 1.6% to $146.8 billion from $149.2 billion.
The top 10 cryptocurrencies all recorded losses over the reporting period. Polygon saw the biggest dip, losing 3.95%, while Solana held flat, down 0.15%.
Over the reporting period, the market caps of Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD) all decreased to $65.9 billion, $44.3 billion, and $23.1 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin lost 0.8% to trade at $16,582 as of 07:00 ET. Its market dominance rose slightly to 38.5% from 38.3% over the reporting period.
BTC peaked at $16,722 at 18:00 (ET). Since then, the leading cryptocurrency bottomed at $16,400 to trend slightly higher.
Ethereum
ETH fell 2.4% in the last 24 hours, trading for $1,200 as of 07:00 ET. Its market dominance fell slightly to 17.8% from 17.9% over the reporting period.
ETH hit a local top of $1,228 just before 21:00 (ET). A series of distinctive ladders down followed, with support found at $1,180.
Top 5 Gainers
Voyager Token
VGX was up 43.7% to $0.40779 as of press time. Binance has signaled interest in reviving the bankrupt platform. Its market cap stood at $113.56 million.
Volt Inu V2
VOLT increased by 11.3% over the last 24 hours to $0.000001588 as of press time. The token grew 89% over the past week. Its market cap stood at $87.23 million.
Trust Wallet Token
TWT saw 10.7% gains over the reporting period to trade at $2.12277 as of press time. TWT has benefited from the self-custody narrative resulting from the FTX collapse. Over the last 7 days, the token has increased in value by 95%. Its market cap stood at $884.45 million.
Chain
XCN grew 10.2% over the last 24 hours to trade at $0.05222. Its market cap stood at $1.12 billion.
Energy Web Token
EWT increased by 9.9% to $3.43958 over the reporting period. Its market cap stood at $103.4 million.
Top 5 Losers
Secret
SCRT is the day’s biggest loser, falling by 21.5% to $0.79453 as of press time. The token was the leading gainer from yesterday. Its market cap stood at $129.74 million.
Serum
SRM fell by 12.4% in the last 24 hours to $0.27965. As an FTX-associated project, the token has experienced strong downside pressure recently. SRM lost 61.8% over the past month. Its market cap stood at $73.62 million.
Curve DAO Token
CRV decreased 8.4% over the reporting period to trade at $0.54901 at press time. Its market cap stood at $291.84 million.
Yearn Finance
YFI shed 5.8% of its value in the last 24 hours and is trading for $6,176.62 as of press time. Its market cap stood at $226.3 million.
DFI.Money
YFII fell 5.4% in the last 24 hours to $2,483.10 as of press time. Despite placing in the top 5 losers, the DeFi protocol has been on a tear lately, growing 146% over the past month. Its market cap stood at $95.84 million.
