Crypto Market Daily Highlights – DOGE Bucks the Top Ten Trend

Key Insights:

• It is a mixed Saturday session for the crypto top ten, with DOGE bucking the top ten trend.
• Following two bullish sessions, a lack of external market forces left investors to lock in profits.
• The total crypto market cap is down $9.4 billion to $896.2 billion, with 120-minutes of the session remaining.

It is a mixed Saturday session for the crypto top ten. DOGE leads the way, while XRP hits reverse as investors lock in profits from a bullish week. BTC fell short of $20,000 for a sixth consecutive session and faces the prospect of ending the day at sub-$19,000 for the third time this week.

There were no crypto news stories to test investor sentiment, leaving investors to take profit before the start of a new week. After decoupling from the NASDAQ 100 on Thursday and Friday, the final hour (UTC) of today’s session could dictate the influence of the NASDAQ 100 in the week ahead.

A recoupling with the NASDAQ 100 Mini would put the US economic calendar back in focus.

Crypto Market Falls to Sub-$900bn as Investors Lock in Profits

On Saturday, the crypto market cap rose to an early afternoon high of $916.7 billion before falling to a low of $889.9 billion. A lack of external forces left investors to lock in profits following Thursday’s breakout session and Friday’s consolidation.

The crypto market cap is down by $9.4 billion to $896.2 billion, with two hours of the Saturday session remaining. For September, the crypto market is down $57 billion.

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

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

XRP leads the way down, falling by 3.21% with 2-hours of the Saturday session remaining.

ADA (-1.52%) and BTC (-1.85%) are also struggling, with BNB (-0.18%), ETH (-0.29%), and SOL (-0.68%) in the red.

However, DOGE bucks the top ten trend, rising by 0.11%.

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

Reserve Rights (RSR), Quant (QNT), and Shiba Inu Coin (SHIB) lead the way. RSR is up 7.51%, with QNT and SHIB seeing gains of 3.19% and 3.79%, respectively.

However, Helium (HNT) leads the way down, sliding by 11.51%, with Terra Classic (LUNC) and Lido DAO (LDO) falling by 6.15% and 4.25%, respectively.

24-HourCrypto Liquidations Fall in a Range-Bound Session

Over 24 hours, total liquidations hit reverse in a relatively range-bound but bearish Saturday session.

At the time of writing, 24-hour liquidations stood at $63.12 million, down from $147.92 million on Saturday morning.

Liquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 27,917 versus 63,896 on Saturday morning.

Liquidations were also down over four and twelve hours while up over the last hour.

According to Coinglass, 12-hour liquidations stood at $63.12 million, down from $81.53 million on Saturday morning, with four-hour liquidations falling from $32.29 million to $12.63 million.

However, one-hour liquidations increased from $4.52 million to $6.45 million, reflecting a late pullback. The chart below shows market conditions throughout the session.