Daily Crypto Market Highlights – XRP and DOGE Lead the Top Ten South

Key ideas:

• It was a bearish Sunday for the crypto top ten. XRP and DOGE led the way.
• There were no crypto events or external market forces to guide investors over the holidays.
• The crypto market cap fell by $1.36 billion to end the day at $769.94 billion.

It was a bearish Sunday session for the crypto Top ten. XRP and DOGE led the descent, while ADA against the trend. Especially, BTC failed to review $17,000 for the fifth consecutive session.

There were no crypto news events to guide investors on Sunday, as the holidays saw a limited amount of crypto market news coverage. The lack of news left markets on the sidelines for the fifth consecutive session.

However, the NASDAQ mini provided late-breaking support. The NASDAQ index will likely guide the crypto market throughout the afternoon session. Friday’s US economic indicators gave investors hope that the Fed would adopt a less aggressive interest rate path to bring inflation back to its target.

FOMC members will need to deliver less hawkish chatter to support a breakout of the current ranges. With the US unemployment rate at 3.7%, the hawks could still have the upper hand.

Today, there are no US economic indicators to provide direction, leaving regulatory chatter, crypto news feeds, and the NASDAQ to influence. This morning, the NASDAQ mini was up 21 points.

Crypto Market Sees Choppy Holiday Session

It was a rougher holiday session. On Sunday, the crypto market cap hit a late morning high of $776.30 billion before slipping to an early evening low of $762.17 billion. However, finding late support, the crypto market cap ended the day at $769.94 billion, marking a loss of $1.36 billion for the day.

There were no crypto news or external market forces to influence, providing another range-bound session.

Crypto Market Drivers and Shakers from the Top Ten and Beyond

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

DOGE and XRP fell 1.93% and 1.69%, respectively, to lead the way lower.

BNB (-0.65%), BTC (-0.10%), ETH (-0.18%) and MATIC (-0.04%) recorded modest losses, while ADA (0%) ended the day flat.

From CoinMarketCap top 100, it was a mixed session.

Litecoin (SLD) leads with a rise of 5.17%, with lido DAO (YES) and dash (TO RUSH) registering gains of 2.41% and 1.59%, respectively.

However, the string (XCN) fell 6.83%, with the trust wallet token (XCN) down 5.60%. Battery (STX) was among the worst performers, dropping 3.05%.

24-hour liquidations see liquidations increase in 12 hours

On a 24-hour basis, crypto liquidations remained below normal levels, with trading volumes hovering lower.

At the time of this writing, 24-hour liquidations stood at $22.71 million.

Traders liquidated over the past 24 hours also remained below normal levels. At the time of writing, liquidated traders stood at 8,907. However, crypto liquidations were up on a 12-hour basis.

According to coin glass, 12-hour liquidations were $21.45 million from $7.38 million before the holiday Saturday morning. Four-hour clearouts were $2.68 million, one-hour clearouts at $1.57 million.

The chart below shows market conditions throughout the session.