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HomeMarketsCrypto Market Daily Highlights – XRP Leads a Bullish Thursday Session

Crypto Market Daily Highlights – XRP Leads a Bullish Thursday Session

Key Insights:

  • It’s a bullish Thursday session for the top 10 cryptocurrencies, with XRP leading the way.
  • Following Wednesday’s Fed rate hike and forecasts, the cryptocurrency market separated from the NASDAQ 100 and ended the day in negative territory.
  • Crypto Market Cap Increases $42 Billion To $904.3 Billion With 40 Minutes Of Session Left.

A bullish Thursday session for the top 10 cryptocurrencies. XRP is a trailblazer, buoyed by investor optimism, leading to a favorable outcome in the SEC vs. Ripple case. The successful hard fork of Cardano (ADA) mainnet was another positive event for the crypto market.

However, despite the bullish session, BTC has broken below $20,000 four times in a row. A weak US economic calendar and better-than-expected U.S. unemployment claims have limited the impact on cryptocurrency investor sentiment.

The lack of data supported crypto decoupling from the NASDAQ 100, which fell 1.37% on Thursday. The Fed’s policy decisions and the market’s reaction to his FOMC forecast continued to put pressure on tech stocks, with the market having little distraction to change sentiment.

We found out later today that US economic data will affect the crypto market. His preliminary private sector PMI figures for September are due to be released. However, another deviation from the NASDAQ 100 could raise hopes for the cryptocurrency’s end of winter. The SEC’s loss, or settlement, in the lawsuit against Ripple could allay concerns that the SEC will gain power to oversee the entire digital asset space.

Market Cap – NASDAQ – 230922 5 minute chart

Decoupling from Nasdaq boosts crypto market capitalization

On Thursday, the cryptocurrency market cap dropped to an early low of $856.7 billion before rising to a high of $913.6 billion in the last hour. With 40 minutes remaining in Thursday’s session, cryptocurrency market capitalization increased by $42 billion to his $904.3 billion.

However, the crypto market is down $49 billion in September.

Total market capitalization 230922 daily chart

Top 10+ Crypto Market Movers and Shakers

A bullish Thursday session for the top 10 cryptocurrencies.

With 40 minutes remaining in the session, XRP is leading with a surge of 22.75%. While chasing XRP, BTC (+5.02%), ETH (+6.55%), and SOL (+5.64%) are also rising.

However, ADA (+4.78%), BNB (+4.01%), and DOGE (+3.92%) are trailing the top runners.

A bullish session from the CoinMarketCap Top 100.

XRP also leads the crypto top 100, with Chiliz (CHZ) and UNUS SED LEO (LEO) up 17.63% and 13.48% respectively.

Terra Classic (LUNC) and Lido DAO (LDO) bucked the broader market trend with losses of 3.15% and 0.82% respectively.

24-Hour Crypto Liquidations Retreat Bullish Crypto Session

Over the past 24 hours, total liquidations have plummeted as the crypto markets cut off from the bearish NASDAQ 100 session. As of this writing, 24-hour liquidations put him at $110.35 million, down from $318.09 million on Thursday morning.

Traders liquidated in the last 24 hours also fell. As of this writing, liquidated traders were at 38,827 versus 88,169 on Thursday morning. 12 hours and he 4 hour clearing decreased and 1 hour clearing increased.

Total Crypto Clearing 230922

Twelve-hour liquidations totaled $65.3 million, down from $291.5 million Thursday morning, while four-hour liquidations fell to $24.7 million from $148.65 million, according to Coinglass.

However, the hourly liquidation increased from $2.78 million to $6.44 million, reflecting the pullback from the session highs. The chart below shows the market situation for the entire session.

Market cap 230922 hourly chart

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