Crypto Market Falls Further on Silvergate Bank Jitters
It was a bearish but range-bound Saturday session. The total crypto market cap rose to an early high of $1,001 billion before falling to a low of $974.23 billion. However, finding late support, the crypto market cap ended the day at $985.05 billion, marking a $5.21 billion loss.
The Crypto Market Movers and Shakers from the Top Ten and Beyond
It was a bearish session for the crypto top ten.
DOGE and MATIC fell by 2.74% and 3.51%, respectively, to lead the way down, with ADA (-1.75%) and XRP (-1.01%) struggling.
However, BNB (-0.31%), BTC (-0.08%), and ETH (-0.18%) saw relatively modest losses.
From the CoinMarketCap top 100, it was a mixed session.
Trust wallet token (TWT) and singularityNET (AGIX) led the way, with gains of 4.83% and 3.69%, respectively. NEO (NEO) also found support, rising by 3.00%.
However, stacks (STX) slid by 14.17%, with lido DAO (LDO) and dYdX (DYDX) seeing losses of 9.41% and 8.60%, respectively.
24-Hour Liquidations Tumble on Range-Bound but Bearish Saturday
Over 24 hours, crypto liquidations tumbled to below-normal levels. Long positions had a higher share of liquidations, accounting for 87.55% of total crypto liquidations. This morning, 24-hour liquidations stood at $48.97 million, down from $235.41 million on Saturday morning (UTC).
Liquidated traders over the last 24 hours were also lower. This morning, liquidated traders stood at 32,246 versus 76,153 on Saturday morning. Crypto liquidations were higher over 12 and four hours while lower over one hour.
According to Coinglass, 12-hour liquidations stood at $40.79 million, up from $19.83 million on Saturday morning, with four-hour liquidations rising from $7.29 million to $28.07 million. However, one-hour liquidations fell from $1.65 million to $0.482 million.
The chart below shows market conditions throughout the session.
