CryptoSlate Daily wMarket Update – Nov. 30: Bitcoin breaks $17K resistance as markets expect slower rate hikes CryptoSlate Daily wMarket Update – Nov. 30: Bitcoin breaks $17K resistance as markets expect slower rate hikes
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Dec. 1, 2022 at 12:49 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net inflows of $8.12 billion over the last 24 hours and currently stands at $861.02 billion — up 0.94% from $852.9 billion over the reporting period.
Bitcoin and Ethereum’s market cap increased by 1.43% and 1.47% to $329.02 billion and $157.28 billion, respectively.
Polygon led the gains among the top 10 cryptocurrencies, up 5,86% over the reporting period. Meanwhile, BTC and ETH gained 1.29% and 1.22%, respectively.
Over the reporting period, USD Coin’s (USDC) market cap slightly decreased to $43.25 billion. Meanwhile, Tether’s (USDT) and BinanceUSD’s (BUSD) market cap slightly increased to $65.36 billion and $22.21 billion, respectively.
Bitcoin
Bitcoin gained 1.29% to trade at $17,099 as of 07:00 ET. Its market dominance remained flat at 38.1%.
During the last 24 hours, Bitcoin broke above $17,000 around 15:00 UTC. The flagship digital asset has continued to trade above the resistance level since then.
Ethereum
ETH posted 1.22% gains over the last 24 hours to trade at $1,282 as of 07:00 ET. As a result, its market dominance increased to 18.3% from 18.2% over the reporting period.
Like BTC, ETH was able to maintain its price above the $1,200 mark during the last 24 hours after breaking the zone around 15:00 UTC.
Top 5 Gainers
Mask Network
MASK is the day’s biggest gainer, growing by 24.66% over the last 24 hours to $4.13 as of press time. The token has grown by over 54% in the last seven days. Its market cap stood at $281.69 million.
GMX
GMX gained 12.74% over the reporting period to trade at $50.53 as of press time. Its market cap stood at $403.83 million
Optimism
OP increased by 10.07% in the last 24 hours to $1.048. The layer2 blockchain token has risen by 12% over the last seven days. Its market cap stood at $246.62 million.
EthereumPoW
ETHW grew 8.93% over the reporting period to $0.036. The Proof-of-Work token has lost 40% of its value over the last 30 days. Its market cap stood at $388.73 million.
Zcash
ZEC saw a 6.67% gain in the last 24 hours to $44.95. It was unclear why the privacy-focused token was rising. Its market cap stood at $711.19 million.
Top 5 Losers
GensoKishi Metaverse
MV is the day’s biggest loser, shedding 11.7% of its value to trade at $0.19 as of press time. The metaverse-related token has been on a downward trend in the past 30 days, losing over 11% of its value. Its market cap stood at $327.98 million.
Kaspa
KAS is among the top losers again, as it lost 7.11% in the last 24 hours to trade at $0.00810 as of press time. Its market cap stood at $119.86 million.
MobileCoin
MOB plunged by 7.47% to $1.30 as of press time. It was unclear why the token was falling. Its market cap stood at $96.94 million.
HI
HI is among the day’s biggest losers, losing 4.58% of its value to trade at $0.029 as of press time. Its market cap stood at $84.56 million.
Icon
ICX shed all the gains it made on Nov. 29, crashing by 4.56% to $0.19 as of press time. Its market cap stood at $182.05 million.
Mentioned in this article
Bitcoin 
Ethereum 
ICON 
MobileCoin 
GMX 
Kaspa 
GensoKishi Metaverse 
Zcash 
Optimism 
Mask Network 
EthereumPoW Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,376.61
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
ICON
$0.17547
Founded in August 2017, ICON has spent many years fostering its L1 ecosystem and pushing for sustainable cross-chain development infrastructure.
MobileCoin
$0.39435
MobileCoin is designed to be deployable in normal resource-constrained environments like mobile devices, and to deliver a simple user experience along with privacy and security..
GMX
$29.4730
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.
Kaspa
$0.15047
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
GensoKishi Metaverse
$0.01038
GENSOKISHI Online, is the new GameFi version of an award winning Nintendo Switch/PS4 game called “Elemental Knights”, that has been vigorously played for 13 years and has accumulated a total of 8 million downloads worldwide.
Zcash
$45.3478
Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions using advanced cryptography.
Optimism
$2.11134
Optimism is a layer-2 scaling network for the Ethereum blockchain.
Mask Network
$2.99255
Mask Network is a decentralized portal that allows users to seamlessly send encrypted messages, use dapps like crypto payment, decentralized finance, decentralized storage, e-commerce (digital goods / NFTs), decentralized organizations (DAO) over the top of existing social networks without migrating, and thereby creates a decentralized Applet (DApplet) ecosystem..
EthereumPoW
$3.53267
EthereumPoW (ETHW) is a hard fork of Ethereum blockchain with the Ethereum Merge.