Crypto Market Daily Highlights – DOGE Jumps 11% to Return to the Top Ten

Key Insights:

• It is a mixed end to the week for the crypto top ten, with Dogecoin (DOGE) returning to the top ten while bitcoin (BTC) hits reverse after a visit to $25,000.
• There were no crypto triggers to cause a broad-based reversal from day highs, suggesting some profit-taking as uncertainty over the Fed lingers.
• Despite a total crypto market cap fall of $6.9 billion to $1,141 billion, the crypto market cap is up $66 billion for the week.

It is a mixed Sunday session for the crypto top ten. Bitcoin (BTC) is currently in negative territory, despite a first visit to $25,000 since June 13. However, Dogecoin (DOGE) moved back into the top ten, currently up 11%, with Cardano (ADA) and XRP also finding support.

There were no cues to cause the broader crypto market pullback. Progress towards the Vasil hard fork delivered ADA support, while meme coins enjoyed a breakout session.

The Total Crypto Market Cap Set for a Sixth Consecutive Weekly Rise

On Sunday, the total crypto market cap rose to a mid-morning high of $1,179 billion before sliding to a late low of $1,123 billion. A late recovery saw the market cap return to $1,140 billion.

Currently down by $6.9 billion, the total crypto market cap is up by $66 billion for the week and heading for a sixth consecutive weekly rise.

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

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

DOGE leads the way, rallying by 11.11%, with ADA (+2.15%) and XRP (+0.60%) also finding support.

However, SOL leads the way down, falling by 2.62%, with BNB (-1.33%), BTC (-0.35%), and ETH (-1.83%) also struggling.

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

Shiba Inu (SHIB) leads the way, surging by 35.5%, with Chiliz (CHZ) and Dogecoin (DOGE) rallying by 12.6% and 10.0%, respectively.

However, Lido DAO (LDO) leads the way down, sliding by 7.9%, with ApeCoin (APE) and Decred (DCR) seeing losses of 6.8% and 5.7%, respectively.

Total Crypto Liquidations Ease Back in a Choppy Session

This morning, total liquidations declined modestly despite investors locking in profits for a second session.

At the time of writing, 24-hour liquidations stood at $194 million, down from $220 million on Sunday morning.

Liquidated traders increased over the last 24 hours. At the time of writing, liquidated traders stood at 67,762 versus 48,649 on Sunday morning. While liquidations are down over 24 hours, liquidations are up over 12 hours, 4 hours, and over the last hour compared to Sunday morning.

According to Coinglass, 12-hour liquidations stand at $117 million, up from $24 million, with 4-hour liquidations up from $6 million to $25 million. One-hour liquidations were up modestly from $1.91 million to $2.93 million.

The liquidation figures reflected market conditions over the Sunday session, with the one-hour numbers suggesting a steadying ahead of the Monday session. (See hourly crypto market cap chart below).