Market highlights November 22: bullish trend intact for Bitcoin, AVAX passes DOGE on Deloitte deal

Over the past week, the full crypto marketplace headdress peaked astatine $2.9 cardinal connected Monday, past closed astatine a Friday debased of $2.4 billion. At the clip of writing, the full marketplace headdress stood astatine $2.6 billion. On Sunday, the marketplace was mixed for astir of the majors. The full week ending November 21 was mixed too. On Monday, it was a bearish commencement for astir of the apical 20 coins.

Top cryptos

Bitcoin fell by 1.81% connected Sunday, ending the week with a nonaccomplishment of 10.36% to $58,691. Still, the near-term bullish inclination remains intact for Bitcoin contempt the caller drawdown. To spell bearish, the apical crypto would request to driblet done the 62% FIB of conscionable nether $28,800.

On Sunday, Crypto.com Coin (CRO) gained 26.39%, making it the biggest victor successful the apical 20.  Chainlink and Polkadot gained 2.48% resp. 1.46%. Cardano led the mode down, losing 4.55%. Binance Coin, Ethereum, Litecoin, and Ripple’s XRP were besides successful the red. They each mislaid 2-4%.

Over the past week, CRO gained an awesome 65.35%. Litecoin mislaid 20.72% to pb the mode down. Chainlink was different large loser with -13.85%.

The week inflicted dense losses connected Binance Coin, ADA, XRP, and Bitcoin Cash SV. They each mislaid astir 10% of their value. Ethereum mislaid somewhat little – 7.86%.

On Thursday, Bitcoin’s marketplace dominance peaked astatine conscionable implicit 44%. It had dropped to 42.34% connected Friday.

Bitcoin is changing hands for $ 57,489 astatine the clip of writing. It roseate to an aboriginal greeting precocious of $58,829 earlier falling to its existent level.

This morning, Crypto.com Coin has gained different 6.63%. Polkadot and Bitcoin Cash SV person registered flimsy gains. Chainlink mislaid 2% to pb the mode down.

Avalanche (AVAX) reached #10 by marketplace cap, passing some Dogecoin and Shiba Inu aft gaining much than 14% implicit the past 24 hours. The alleged Ethereum slayer is not the 2nd crypto’s lone competitor. There are 5 different Layer-1 tokens that straight vie with Ether.

Ever since Ava Labs CEO Emin Gün Sirer announced a tie-up with “Big Four” accounting steadfast Deloitte connected Nov. 16, AVAX has been rallying. Supporters of the token launched a money called Blizzard earlier this month, which registered an awesome $220 cardinal successful effect backing from participants the likes of CMS Holdings, Three Arrows Capital, and Dragonfly Capital.

What’s more, apical stablecoin Tether announced enactment for the Avalanche blockchain connected Wednesday past week.

Top movers

Elrond is up 16.62% successful the past 24 hours. Most of the apical 100 coins are bearish with losses of up to 10%. At #61, zCash gained 19.20% today. After a prolonged surge that brought Gala to #67 past week, the token has present mislaid astir 18%.

Voyager Token is simply a apical mover astatine #88. The cryptocurrency broker providing investors with a trusted entree constituent to crypto trading is simply a wide victor contiguous with a summation of 28.21% owed to having migrated to a caller declaration recently. They besides announced the authoritative Voyager Token swap, which contributed to the rally.  

Finally, different victor is the Oasis Network, the archetypal privacy-enabled blockchain level for unfastened concern and a liable information economy. At #91, it has gained 14.79% successful the past 24 h.

Trending

The biggest gainer contiguous is SHIH TZU, a task with a cause. It is simply a meme coin that pursues NFT artwork focused connected carnal rights, including supporting carnal shelters and animals with disabilities. Its marketplace headdress is up 295,056% successful the past 24 h. Ethereum Meta continues its meteoric rise. Its marketplace headdress is up 8,369% today.