Market highlights November 16: Bitcoin drops to $60K, over 90% of top 100 cryptos lost value

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The crypto marketplace was seen little crossed the committee implicit the past 24 hours, arsenic each apical 10 cryptos were successful the reddish astatine clip of writing. The caller diminution enactment 6 of the apical 10 cryptos successful double-digit losses for the past 7 days.

The SPX500 finished yesterday without losing oregon gaining, portion the NASDAQ100 and DJ30 ended little by a precise flimsy margin. Today, investors volition beryllium eyeing Retail Sales reports, which volition beryllium released successful the US astatine 13:30 GMT.

Top cryptos

Bitcoin fell much than 7% since yesterday, dropping each the mode to $60,000. Other large cryptos registered noticeable losses, including an astir 11% gaffe from Ethereum and a 15% diminution from Polkadot. Cardano, Ripple, and Dogecoin besides mislaid astir 10% each successful the past 24 hours.

All of the coins from 10 to 20th marketplace headdress presumption lost, with losses ranging from 10% to 15%.

Top movers

The coins astatine #21 – 100 mirrored the movements successful the apical 20. Loopring backtracked connected caller gains, losing 15.48%. So did Kusama with a nonaccomplishment of 14.56%. One of the fewer apical 100 coins with gains is UNUS SED LEO (LEO), a inferior token that’s utilized crossed the iFinex ecosystem. It gained 5.18% today.

Another is UMA, oregon Universal Market Access, a protocol for the instauration of synthetic assets based connected the Ethereum blockchain, up 3.77%.