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Crypto Market Daily Highlights – XRP and BNB Buck Top Ten Trend – FX Empire

Key Insights:

  • It was a mixed Sunday for the crypto top ten. XRP and BNB saw red, bucking the broader market trend.
  • There were no crypto events or external market forces to influence, allowing dip buyers to jump in after the Saturday pullback.
  • The crypto market cap rose by $3.03 billion to end the day at $759.18 billion.

It was a mixed Sunday session for the crypto top ten. XRP and BNB bucked the trend while ADA led the way. BTC was back in the green, while the $17,000 handle remained elusive for the twelfth consecutive session.

No crypto events or external market forces guided investors with direction at the start of 2023. The lack of news allowed dip buyers to provide support following the Saturday pullback.

With the global financial market close today, there are unlikely to be any external market forces or crypto events to provide direction. Manufacturing PMI numbers from euro area member states and for the Eurozone should have a muted impact on investor sentiment later today.

However, in the final hour (UTC), the NASDAQ mini will likely influence.

Total Market Cap – NASDAQ – 020123 Daily Chart

Crypto Market Reverses Saturday Loss to Start 2023 on a Bullish Note

It was a bullish Sunday session. A bearish start to the year saw the crypto market cap fall to a mid-morning low of $752.47 billion before finding support. Bullish through the afternoon session, the crypto market cap rose to a late high of $761.70 billion before easing back.

Despite the late pullback, the crypto market cap rose by $3.03 billion (0.40%) to $759.18 billion for the day.

Total Market Cap 020123 Daily Chart

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

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

ADA rose by 1.63% to lead the way, with BTC (+0.48%), DOGE (+0.29%), ETH (+0.39%), and MATIC (+0.29%) finding support.

However, BNB and XRP bucked the trend, falling by 0.73% and 0.01%, respectively.

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

Lido DAO (LDO) led the way, rallying by 13.21%, with frax shares (FXS) and toncoin (TON) seeing gains of 6.53% and 4.91%, respectively.

However, UNUS SED LEO (LEO) fell by 2.62%, with klaytn (KLAY) and huobi token (HT) seeing losses of 1.32% and 1.22%, respectively.

24-Hour Liquidations Tumble on Holiday Trading Volumes

Over 24 hours, crypto liquidations remained below-normal levels as trading volumes fell over the holidays.

At the time of writing, 24-hour liquidations stood at $10.88 million.

Liquidated traders over the last 24 hours were also sitting at below-normal levels. At the time of writing, liquidated traders stood at 5,811. Crypto liquidations were higher over 12 and four hours while continuing to hover at below $1 million over one hour.

Total Crypto Liquidations 020123

According to Coinglass, 12-hour liquidations stood at $7.56 million, with four-hour liquidations at $3.13 million. One-hour liquidations stood at $0.568 million.

The chart below shows market conditions throughout the session.

Total Market Cap 020123 Hourly Chart


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