Get In Touch

Weekly Crypto Market Insights – 21st November

Weekly Crypto Markets Insights
3 minutes
The 4th edition of Weekly Crypto Market Insights is here with the latest of past week's news.
Weekly Crypto market insight blog design (3)

Last week the crypto market marked a slowdown and wait-and-see approach from the industry. After the many bank runs and scale-downs on crypto, it let things settle and calm down a bit, leading the global crypto market to shrink by just -3.35%. As expected, exchange trading volumes were down following a volatile week. Bitcoin went under the $16k mark, and ETH is now trading at $1,120.

The most noteworthy news are mostly around FTX collapse and contagion (creditors are awaiting $3.1 billion, Alameda’s secret exemption from liquidity protocol, etc.); a few crypto hedge funds stated their (optimistic) opinion about crypto; Trump is back on Twitter, and Bloomberg Terminal’s 50 Crypto Assets, among others.

Key Market Metrics

Global Crypto Market Cap is at $ 830 Billion, a -3.35% change WoW. The total value locked in DeFi is at $ 41.20 Billion, a decline of -3.35% WoW.
Crypto exchanges leaderboard:
  1. Binance down by -55%
  2. Coinbase down by -55%
  3. Kraken down by -51%
  4. Binance.US enters the leaderboard, down by -64%
  5. KuCoin down by -65%
BTC trading at $15,973 down by -1.07% WoW, dominance at 40.95%, ETH trading at $1,120, dominance at 18.23%.

Top Gainers & Losers

Top gainers and losers in price, ranked by their total market cap are mentioned below.
Top gainers in price this week were: LEO by +14.13%, OKB by 13.82%, APE by 10.42%, AR by 9.62%, and  LIDO by 9.32%.
Top losers were: NEAR by -17.76%, CRV by -15.72%, AXS by -13.61%, ETHW by -12.74%, and MANA by -11.77%.

Recap of the Most Noteworthy News of Past Week

We hope you found these weekly crypto market insights helpful preparing for the week ahead.
Weekly Crypto Market Insights GT


Contact Us

We are always open to discussing new ideas. Do reach out if you are an exchange or a project looking for liquidity; an algorithmic trader or a software developer looking to improve the markets with us or just have a great idea you can’t wait to share with us!

What Type of Client Are You?