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

Key Insights:

• It was a bearish Sunday for the crypto top ten. XRP and DOGE led the way down.
• 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 way down, while ADA bucked the trend. Notably, BTC failed to revisit $17,000 for the fifth consecutive session.

There were no crypto news events to guide investors on Sunday, with the holidays seeing a limited amount of crypto market news coverage. The lack of news left the markets range-bound for the fifth consecutive session.

However, the NASDAQ mini provided final-hour support. The NASDAQ Index will likely guide the crypto market through the afternoon session. US economic indicators from Friday gave investors hope of the Fed taking a less aggressive interest rate path to bring inflation to target.

FOMC members will have to deliver less hawkish chatter to support a breakout from 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, the crypto news wires, and the NASDAQ to influence. This morning, the NASDAQ mini was up by 21 points.

Crypto Market Sees a Choppy Holiday Session

It was a choppier holiday session. On Sunday, the crypto market cap rose to a late morning high of $776.30 billion before sliding 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 stories or external market forces to influence, delivering another range-bound session.

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

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

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

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

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

Litecoin (LTC) led the way, rising by 5.17%, with lido DAO (LDO) and dash (DASH) seeing gains of 2.41% and 1.59%, respectively.

However, chain (XCN) slid by 6.83%, with trust wallet token (XCN) falling by 5.60%. Stacks (STX) was among the worst performers, declining by 3.05%.

24-Hour Liquidations See Liquidations Rise Over 12-Hours

Over 24 hours, crypto liquidations remained below-normal levels, with trading volumes hovering on the lower side.

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

Liquidated traders over the last 24 hours also remained below normal levels. At the time of writing, liquidated traders stood at 8,907. However, crypto liquidations were on the higher side over 12 hours.

According to Coinglass, 12-hour liquidations stood at $21.45 million versus a pre-holiday $7.38 million on Saturday morning. Four-hour liquidations stood at $2.68 million, with one-hour liquidations at $1.57 million.

The chart below shows market conditions throughout the session.