Crypto Market Daily Highlights – ETH and DOT Lead the Top Ten South

Key Insights:

• It is a bearish Sunday session for the crypto top ten, with ethereum (ETH) and Polkadot (DOT) leading the way down.
• Despite hopes of a crypto bottom, Fed fear resurfaced ahead of key US economic indicators in the coming week.
• The total crypto market cap is down by $12.5 billion to $1,011 billion, with 100 minutes of the session remaining.

It is a bearish Sunday session for the crypto top ten. ETH and DOT lead the crypto top ten into negative territory. However, despite the bearish session, Bitcoin (BTC) has avoided sub-$21,000 for a second consecutive session.

There were no cues from the US or the crypto news wires at the end of the week. The lack of direction left investors to consider the week ahead. US inflation and retail sales figures could deliver Fed uncertainty to a market resigned to a 75-basis point rate hike.

A pickup in inflationary pressure and positive consumption numbers could force the Fed into a percentage point rate hike. Front loading is the Fed’s mantra and bringing down inflation to target at any cost is the objective.

With the ECB and the Bank of Canada delivering 75-basis point hikes, the dollar could resume its upswing and send the crypto market into another tailspin.

Crypto Market Hits Reverse as Investor Focus Returns to US Stats

On Sunday, after a mixed morning, the total crypto market rose to a late afternoon high of $1,035 billion before falling to a low of $1,004 billion.

A late pullback leaves the crypto market cap down $12.47 billion to $1,011 billion for the session. However, four bullish sessions from seven should deliver a second consecutive weekly gain. For the current week, the total crypto market cap is up $49 billion.

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

It is a bearish Sunday session for the crypto top ten.

ETH (-2.44%) and DOT (-2.44%) lead the way down, with ADA (-1.76%), BNB (-1.58%), SOL (-1.52%), and XRP (-1.85%) also struggling.

However, BTC is down by a modest 0.55%

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

ApeCoin (APE) leads the way, rallying by 11.95%, with celsius (CEL) up 9.02%. compound (COMP) is also amongst the front runners, rising by 3.12%.

At the other end of the table, helium (HNT), ravencoin (RVN), and curve DAO token (CRV) are amongst the worst performers. RVN is down 10.40%, with HNT and CRV falling by 8.46% and 5.50%, respectively.

One Hour Crypto Liquidations Jump as Fed Fear Resurfaces

Over 24 hours, total liquidations continued to fall, with the crypto market seeing modest losses on Sunday.

At the time of writing, 24-hour liquidations stood at $127.57 million, down from $172.82 million on Sunday morning.

Liquidated traders over the last 24 hours also decreased. At the time of writing, liquidated traders stood at 39,529 versus 50,233 on Sunday morning. Liquidations over four and twelve hours declined, while liquidations over one hour were higher, reflecting the late market pullback.

According to Coinglass, 12-hour liquidations stood at $61.55 million, down from $120.10 million on Sunday morning, with four-hour liquidations down from $96.63 million to $31.52 million. However, one-hour liquidations were up from $1.08 million to $15.28 million. The chart below shows market conditions throughout the session.