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Crypto Market Daily Highlights – ADA Led the Top Ten in a Mixed Session

By:
Bob Mason
Updated: Aug 14, 2022, 01:07 UTC

It was a mixed Saturday session, with crypto investors torn between positive economic indicators and uncertainty over the fed's September policy move.

Cryptos news - FX Empire

In this article:

Key Insights:

  • It was a mixed Saturday session for the crypto top ten, with Cardano (ADA) on the move while Polkadot (DOT) and Binance Coin (BNB) struggled.
  • There was no support from the NASDAQ 100, leaving investors to digest the key drivers from the week.
  • The total crypto market cap increased by a modest $5 billion to end the day at $1,147 billion.

It was a mixed Saturday session for the crypto top ten. While bitcoin (BTC) came up short of $25,000, Cardano (ADA) and Solana (SOL) led the way.

There were no cues from the crypto market news wires to provide support, leaving investors to digest the US stats from the week and what they mean for the crypto market. Softer inflation and positive economic indicators are crypto bullish. However, uncertainty over the Fed and the September policy move remains a test for the market.

The Total Crypto Market Cap Inches Northwards Despite Mixed Session

On Saturday, the total crypto market cap fell to an early low of $1,135 billion before rallying to a mid-morning high of $1,170 billion. A reversal saw the crypto market cap fall back to $1,142 billion before steadying.

Rising by $5 billion on Saturday, the total crypto market cap is up by $73 billion to $1,147 billion for the current week. Barring a Sunday crypto meltdown, the crypto market will rise for a sixth consecutive week.

Crypto market cap rises by a modest $5 billion
Total Market Cap 140822 Daily Chart

The Crypto Market Movers and Shakers from the Top Ten and Beyond

It was a mixed Saturday session for the crypto top ten.

ADA rallied by 3.52% to lead the way, with ETH (+1.27%) and SOL (+2.32%) also finding strong support.

However, DOT slid by 2.08%, with BNB (-1.16%) and XRP (-0.57%) also in the red. BTC ended the day flat after a pullback from a day high of $24,900.

From the CoinMarketCap top 100, it is a mixed session.

Celsius (CEL) led the way, surging by 29.36%, with Polygon (MATIC) and Nexo (NEXO) gaining 9.89% and 11.83%, respectively.

However, Ankr (ANKR) led the way down for a second consecutive session, sliding by 7.40%, with ApeCoin (APE) and Filecoin (FIL) seeing losses of 5.28% and 4.53%, respectively.

Total Crypto Liquidations Hold Steady Despite a Mixed Session

This morning, total liquidations were up modestly as investors locked in profits before the end of another bullish week.

At the time of writing, 24-hour liquidations stood at $220 million, up from $169 million on Saturday morning.

Liquidated traders increased over the last 24 hours. At the time of writing, liquidated traders stood at 48,649 versus 44,239 on Saturday morning. While liquidations are up over 24 hours, liquidations are down over 12 hours, 4 hours, and over the last hour compared to Saturday morning.

Crypto liquidations up modestly over 24-hours.
Total Crypto Liquidations 140822

According to Coinglass, four-hour liquidations stood at $5.33 million, down from $52.55 million on Saturday morning. One-hour liquidations fell from $45.36 million to $2.25 million. (See hourly crypto market cap chart below).

Late pullback leaves the market cap relatively flat for the session.
Total Market Cap 140822 Hourly Chart

About the Author

Bob Masonauthor

With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.

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