Crypto Market Daily Highlights – XRP and BNB Buck the Top Ten Trend

The top ten cryptocurrency index has had a mixed Monday session. Despite reaching a new August high of $25,203, Bitcoin (BTC) is still in the red. With 90 minutes left in the session, BNB and XRP are defying the top 10 trends.

Chinese economic data caused the cryptocurrency market to reverse. Early in the day, numbers that were worse than anticipated gave investors a dose of reality.

Compared to June, industrial output rose by 3.8% annually instead of 3.9%. After rising by 3.1% in June, retail sales grew by 2.7% year over year. Retail sales are expected to grow by 5.0%, while industrial output will increase by 4.6%.

The PBoC was forced to provide assistance that momentarily lessened the harm since the figures were disappointing. Because of the decline in crude oil prices, the NASDAQ 100 Mini and the larger crypto market both had a down day.

Notably, the gloomy session persisted even if the NASDAQ 100 managed to overcome the dismal results to close the day with a 0.62% gain.

The overall state of the cryptocurrency market is bearish as the week begins.

On Monday, the total market value of cryptocurrencies increased to a high of $1,175 billion early in the day before falling to a low of $1,110 billion late in the day. The market cap briefly rose to $1,134 billion after a minor rebound, before falling again.

The whole crypto market valuation is up by $65 billion for August despite a decline of $12.1 billion.

The Top Ten and Beyond Crypto Market Movers and Shakers

The top ten cryptocurrency index has had a mixed Monday session.

With 90 minutes left in the session, BNB (+0.79%) and XRP (+0.13%) defy the trend.

SOL (-1.92%) and ADA (-2.98%) also struggle, with DOGE (-5.36%) leading the way down.

Along with decreasing by 0.86% and 1.22%, respectively, BTC and ETH are in the red.

It is a mixed session among the top 100 coins on CoinMarketCap.

With a gain of 9.59%, Chiliz (CHZ) is in the lead, followed by STEPN (GMT) and UNUS SED LEO (LEO), which each had gains of 7.59% and 5.21%.

Shiba Inu (SHIB), on the other hand, leads the way down after the Sunday breakout session, down by 5.99%. Both Uniswap (UNI) and Polygon (MATIC) are down by 4.45% and 4.29%, respectively.

Despite a bearish day, total crypto liquidations are steady.

The economic statistics from China tested investor appetite this morning, which led to a small rise in overall liquidations.

24-hour liquidations were $208 million as of this writing, up from $194 million on Monday morning.

Over the last 24 hours, there have been more liquid traders. As of this writing, there were 68,517 liquidated traders as opposed to 67,762 on Monday morning. Liquidations are higher during the last 24 hours than they were on Monday morning, but they are lower over the previous 12 hours, 4 hours, and hour.

The 12-hour liquidations are at $51.19 million, down from $117 million, while the 4-hour liquidations are down from $25 million to $8 million, according to Coinglass. The small decrease in one-hour liquidations from $2.93 million to $1.34 million.

The one-hour data indicate a stabilizing ahead of the Tuesday session. The liquidation figures mirrored market circumstances throughout the Monday session.