Crypto market movers and shakers from the top ten and beyond
Sunday’s session was bearish for ten cryptocurrencies.
MATIC and XRP led the way lower, with losses of 5.4% and 6.1%, respectively.
ADA (-3.0%), BNB (-2.2%), BTC (-2.8%), DOGE (-3.5%), and ETH (-2.9%) also suffered.
From CoinMarketCap Top 100, it’s a bearish session.
Trust wallet token (TWT) led the way, up 33.2%, with Axie Infinity (AXS) and GMX (GMX) gaining 8.0% and 4.2%, respectively.
However, the FTX token (FTT) led the way down, dropping by 29.4%. Cronos (CRO) and chiliz (CHZ) were among the worst performers, declining by 15.3% and 7.0%, respectively.
24 hour liquidations jumped in response to a drop in market capitalization below $800 billion
Over the 24-hour period, total liquidations increased as investors responded to the latest FTX news. At the time of writing, 24 hour liquidations are at $121.58 million, up from $56.08 million Sunday morning.
The number of traders who were liquidated also increased in the last 24 hours. At the time of writing, the number of traders who had their accounts liquidated was 68,578 versus 31,145 on Sunday morning. Filters increased at 12, 4 and over an hour.