\n<\/p>\n
It was a bullish Wednesday session for the\u00a0crypto<\/a> top ten. BNB<\/a> led the way, with ETH<\/a> and DOGE<\/a> also making moves. Notably, BTC<\/a> avoided sub-$16,000 for the first time in three sessions.<\/p>\n The market focus remained on FTX<\/a> contagion risk that continued to ease mid-week. Market reaction to the reports<\/a> of FTX holding $1.24 billion in cash and market interest in FTX assets delivered further support on Wednesday.<\/p>\n<\/div>\n<\/div>\n On Wednesday, former FTX CEO Sam Bankman-Fried was back in the news. A letter<\/a> to employees hit the news wires, with the former CEO raising hopes of saving the business. In the letter, Bankman-Fried wrapped up by writing,<\/p>\n \u201cMaybe there still is a chance to save the company. I believe that there are billions of dollars of genuine interest from new investors that could go to making customers whole. But I can\u2019t promise you that anything will happen because it\u2019s not my choice.\u201d<\/p>\n<\/blockquote>\n The upside came despite lawmakers calling for an investigation into FTX and calls for greater regulatory oversight.<\/p>\n It was also a bullish session for the US equity markets, with the NASDAQ Composite Index rising by 0.99%. The FOMC meeting minutes delivered support, with the Fed signaling a monetary policy pivot.<\/p>\n However, US economic indicators disappointed, limiting the upside for the NASDAQ. There are no US stats to consider today, with the US markets closed for Thanksgiving.<\/p>\n It was a bullish Wednesday session. The crypto market fell to an early low of $759.2 billion before rising to a high of $794.9 billion.<\/p>\n Despite easing back from the day high, the crypto market rose by $24.6 billion (+3.22%) to end the day at $788.3 billion. The bullish session left the market cap down $185.5 billion for November.<\/p>\n It was a bullish Wednesday session for the crypto top ten.<\/p>\n BNB<\/a> led the way, surging by 12.17%, with DOGE<\/a> (+4.20%) and ETH<\/a> (+3.99%) seeing solid gains.<\/p>\n ADA<\/a> (+1.92%), BTC<\/a> (+2.44%), MATIC<\/a> (+1.41%), and XRP<\/a> (+1.71%) trailed the front runners, however.<\/p>\n From the CoinMarketCap<\/a> top 100, it was a bullish session.<\/p>\n Dash (DASH<\/a>) and solana (SOL<\/a>) led the way, rallying by 15.60% and 15.54%, respectively. Litecoin (LTC<\/a>) was also a front-runner, rising by 11.84%.<\/p>\n Osmosis (OSMO<\/a>) and trust wallet token (TWT<\/a>) bucked the broader market trend, falling by 0.33% and 0.56%, respectively.<\/p>\n Over 24 hours, total liquidations eased further back on Wednesday. At the time of writing, 24-hour liquidations stood at $92.83 million versus $99.83 million on Wednesday morning.<\/p>\n Liquidated traders over the last 24 hours also decreased. At the time of writing, liquidated traders stood at 29,688 versus 34,317 on Wednesday morning. Liquidations were up over one hour, while down over 12 and four hours.<\/p>\n\n
Crypto Market Finds Further Support on Easing FTX Contagion Risk<\/h2>\n
The Crypto Market Movers and Shakers from the Top Ten and Beyond<\/h2>\n
24-Hour Liquidations Hold at Sub-$100m on Second Bullish Session<\/h2>\n