CryptoSlate Daily wMarket Update – Nov. 10: Solana leads US CPI induced market recovery | marketrealtime.com




The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $21,053.10 and BTC market dominance is %. The price of Ethereum is $1,554.66 and ETH market dominance is %. The best performing cryptoasset sector is Yield Farming, which gained 11%.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Cover art/illustration via CryptoSlate
In the last 24 hours, the cryptocurrency market cap saw inflows of around $50 billion as the industry rose to $872.68 billion from $828.94 billion as of press time — up 5.26%.
Bitcoin and Ethereum’s market cap increased by 5.26% and 7.19% to $332.72 billion and $155.89 billion, respectively.
The crypto market experienced a positive bounce as the top 10 cryptocurrencies all posted significant gains. Solana printed the highest green candle, rising by 28% over the reporting period. BTC and ETH recorded increases of 5.57% and 7.99%, respectively.
The market caps of USD Coin (USDC) and BinanceUSD (BUSD) slightly increased to $43.7 billion and $23.03 billion, respectively. Tether’s (USDT) market cap decreased to $68.14 billion.
Over the last 24 hours, Bitcoin posted gains of 5.57% to trade at $17,379 as of 07:00 ET. Its market dominance remained flat at 38.1% over the reporting period.
After days of consecutive poor performance, Bitcoin price briefly traded above the $18,000 barrier after US authorities released October’s Consumer Price Index (CPI) data. The asset bottomed at $16,367 over the reporting period.
ETH gained 7.99% in the last 24 hours, trading for $1,281 as of 07:00 ET. Its market dominance rose to 17.9% from 17.5%.
The second-largest digital asset posted a giant green candle around 09:00 UTC on Nov. 10, pushing it above $1,200. The asset traded sideways for the rest of the day.
PEOPLE is the day’s biggest gainer, growing by $69.19% to $0.03 as of press time. The DAO movement token is one of the few outliers in the current market situation, rising 30% over the last seven days. Its market cap stood at $166.85 million.
FTT recorded gains for the first time this week, rising by over 35% in the last 24 hours to $3.47. The embattled network has enabled withdrawals for users in Turkey and Japan. Its market cap stood at $461.64 million.
Like FTT, SOL posted a positive price performance over the last 24 hours, increasing by 30% over the reporting period to $17.64. The suspension of the token unlock to a later date fueled its run. Its market cap stood at $6.44 billion.
The native token of the decentralized exchange DYDX continued its upward movement, gaining 30.57% over the last 24 hours and trading at $1.96 as of press time. Its market cap stood at $128.59 million.
BAND rose by 28.49% over the last 24 hours to trade at $2.39 as of press time. It was unclear why the Cosmos-based data oracle was rising. Its market cap stood at $84.13 million.
VIDT is the day’s biggest loser, shedding 5.71% of its value over the last 24 hours to trade at $0.26 as of press time. Over the last seven days, the crypto token has shed around 50% of its value. Its market cap stood at $202.99 million.
SCRT lost 0.8% of its value in the last 24 hours, trading for $0.72 as of press time. Its market cap stood at $118.11 million.
The native token of the crypto exchange HT plunged 0.39% over the reporting period to trade at $5.99 as of press time. It was unclear why the token was falling. Its market cap stood at $919.45 million.
BUSD fell by 0.31% in the last 24 hours. however, the Binance-backed stablecoin maintained its peg throughout the reporting period. Its market cap stood at $23.03 billion.
Another stablecoin among the top losers of the day is USDP. The Dollar-pegged stablecoin maintained its peg despite the volatility. Its market cap stood at $944.64 million.
Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.
Breaking through resistance: Understand the factors driving Bitcoin’s surge past $21,000 in our latest market report.
Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent electronically from user to user on the peer-to-peer bitcoin network without intermediaries.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
HT is short for Huobi Token, which is the Huobi Global Ecological Token.
BUSD is a stablecoin issued by Paxos in partnership with Binance..
Secret (SCRT) is the native coin of the Secret Network.
ConstitutionDAO is a decentralized autonomous organization formed in November 2021 to purchase an original copy of the United States Constitution.
V-ID secures any digital file against unlawful manipulation.
Band Protocol offers a decentralized data oracle by making data readily available to be queried on-chain, using delegated proof of stake (“dPoS”) to ensure data integrity.
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
Since its establishment in 2013, Huobi Group has been financed by ZhenFund and Sequoia.
XRP, FIL and OP have the largest estimated locked value with $17.9 billion, $4.9 billion, and $3.7 billion, respectively.
On-chain Bitcoin metrics continue to suggest a market bottom, but it remains to be seen if the current cycle plays out the same as past cycles.
The sales of the wallet are expected to start later this year.
The little-known financial institution will continue to serve as a community bank.
The crypto asset’s value has rallied over the past several days.
Alameda Research’s liquidator positions have been liquidated twice in less than four days due to forcibly closing leveraged positions.
Along with draining all crypto and NFTs, the attackers gained control of NFT God’s social media accounts and his Substack blog.
Ethereum’s Shanghai upgrade in March will enable withdrawals from the beacon chain by granting ETH validators the ability to unstake.
The fake Pi token reached a trading volume of $46.8 million on Huobi, becoming the most traded token on the exchange over the past 24 hours.
A look at how the crypto market impacted 17 of crypto’s wealthiest founders and investors since March, as per Forbes estimates.
The floor price for the former president’s NFT collection is around 0.16 ETH.
Midas will rebalance its users’ accounts by deducting 55% from it and their rewards earned. The move would allow users to withdraw 45% of their assets.
Breaking through resistance: Understand the factors driving Bitcoin’s surge past $21,000 in our latest market report.
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