- It’s a mixed Saturday session for the crypto top ten, with DOGE bucking the top ten trend.
- After two bullish sessions, a lack of external market forces allowed investors to take their gains.
- Total crypto market cap is down $9.4 billion to $896.2 billion with 120 minutes of the session remaining.
It’s a mixed Saturday session for the crypto top ten. DOGE leads as XRP reverses as investors lock in gains from a bullish week. BTC remained below $20,000 for the sixth consecutive day and faces the prospect of ending the day below $19,000 for the third time this week.
There was no crypto news to test investor sentiment, allowing investors to take profits ahead of the start of a new week. After decoupling from the NASDAQ 100 on Thursday and Friday, the last hour (UTC) of today’s session could determine the influence of the NASDAQ 100 in the week ahead.
A feedback with the NASDAQ 100 Mini would bring the US economic calendar back into focus.
Crypto market falls below $900 billion as investors lock in profits
On Saturday, the crypto market cap surged to an early afternoon high of $916.7 billion before falling to a low of $889.9 billion. A lack of external forces allowed investors to take profits after Thursday’s breakout session and Friday’s consolidation.
The crypto market cap is down $9.4 billion to $896.2 billion with two hours left of Saturday’s session. In September, the crypto market fell by $57 billion.
The Crypto Market Movers and Shakers from the Top Ten and Beyond
It’s a mixed Saturday session for the crypto top ten.
XRP leads lower, falling 3.21% with 2 hours left of Saturday’s session.
ADA (-1.52%) and BTC (-1.85%) are also struggling, while BNB (-0.18%), ETH (-0.29%) and SOL (-0.68%) are in the red .
However, DOGE bucks the top ten trend, rising 0.11%.
From the CoinMarketCap Top 100, it’s a mixed session.
Reserve Rights (RSR), Quant (QNT) and Shiba Inu Coin (SHIB) are leading the way. RSR is up 7.51%, with QNT and SHIB posting gains of 3.19% and 3.79%, respectively.
However, Helium (HNT) leads, down 11.51%, while Terra Classic (LUNC) and Lido DAO (LDO) are down 6.15% and 4.25%, respectively.
24-hour crypto liquidations fall into a range bound session
Over 24 hours, total liquidations turned over in a relatively range-bound but bearish Saturday session.
At the time of writing, 24-hour liquidations totaled $63.12 million, compared to $147.92 million on Saturday morning.
Liquidated traders also declined over the past 24 hours. At the time of writing, liquidated traders stood at 27,917 versus 63,896 on Saturday morning.
Liquidations were also down over four and 12 hours while rising over the last hour.
According to Coinglass, 12-hour liquidations totaled $63.12 million compared to Saturday morning’s $81.53 million, while four-hour liquidations totaled $12.63 from $32.29 million Millions of dollars fell.
However, the hourly liquidations rose to $6.45 million from $4.52 million, reflecting a late pullback. The chart below shows the market conditions throughout the session.