![CryptoSlate Daily wMarket Update – Nov. 30: Bitcoin breaks $17K resistance as markets expect slower rate hikes](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/12/image_2022-12-01_174636685.png&w=70&h=37&q=75)
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.
![CryptoSlate Daily wMarket Update – Nov. 30: Bitcoin breaks $17K resistance as markets expect slower rate hikes](https://cryptoslate.com/wp-content/uploads/2022/12/image_2022-12-01_174636685-768x403.png)
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.
![CryptoSlate wMarket update](https://cryptoslate.com/wp-content/uploads/2022/12/wMarket-top10-landscape-23.jpg)
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.
![CryptoSlate wMarket update](https://cryptoslate.com/wp-content/uploads/2022/12/BTCUSDT_2022-12-01_20-00-33.png)
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.
![CryptoSlate wMarket update](https://cryptoslate.com/wp-content/uploads/2022/12/ETHUSDT_2022-12-01_20-00-26.png)
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](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2019/09/bitcoin-logo.jpg&w=16&h=16&q=75)
![Ethereum](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2017/08/ethereum-logo-2022.jpg&w=16&h=16&q=75)
![ICON](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2017/09/ICON-logo.png&w=16&h=16&q=75)
![MobileCoin](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2021/10/MobileCoin-logo.jpg&w=16&h=16&q=75)
![GMX](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/08/GMX-token-logo.jpg&w=16&h=16&q=75)
![Kaspa](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/10/Kaspa-logo.jpg&w=16&h=16&q=75)
![GensoKishi Metaverse](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/03/gensokishi.jpg&w=16&h=16&q=75)
![Zcash](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2017/09/zcash-zec-logo.jpg&w=16&h=16&q=75)
![Optimism](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/06/optimism-logo.jpg&w=16&h=16&q=75)
![Mask Network](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2021/02/Mask-Network-logo.jpg&w=16&h=16&q=75)
![EthereumPoW](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/10/EthereumPoW-logo.jpg&w=16&h=16&q=75)