Final week confirmed indicators of market stabilisation after the panic following FTX demise.
- Crypto volatility index (CVI) declined from the best level of 125 on November 9, when FTX filed for chapter, to 98 on November 26.
- Complete market capitalization continued to say no however at a slower tempo. The market cap on the finish of the day, November 20, was $820 billion.
BTC opened the week on November 14 at $16,352 and closed on November 20 at $16,292 – a modest decline of 0.4%. ETH value declined from $1,222 to $1,142 – a decline of 6%.
Final week’s altcoins efficiency:
- High gainers: LEO (19.3%), XEM (14.1%), OKB (11.9%).
- High losers: NEAR (20.3%), SOL (18.4%), ETHW (17.7%).
What else occurred:
New listings on HitBTC:
- Hashflow (HFT) – a local token for the Hashflow protocol in addition to the Hashverse, Hashflow’s gamified DAO and governance platform. HFT is a BEP-20 token.
- Bitcoin Customary Hashrate Token (BTCST) – BEP-20 token, collateralized by Bitcoin’s (BTC) hashrate, with every token representing 0.1 TH/s of Bitcoin mining energy at an effectivity of 60 W/TH. As such, miners contribute their computational energy to the platform in trade for newly minted BTCST tokens.
- BENQI (QI) – a local token of BENQI, a decentralized non-custodial liquidity market in addition to a liquid staking protocol constructed on the high-speed Avalanche sensible contract community.
What else on HitBTC:
- eCash (XEC) is now obtainable for deposits and withdrawals.
- HitBTC will assist StormX (STMX) swap. Anticipate official announcement quickly.
Coming quickly to HitBTC:
Customary Protocol (STND) – a governance token of Customary, self-sovereign decentralized reserve financial institution.
If you have not already executed so, please do not forget to obtain our buying and selling app on Android and iOS. And bear in mind: crypto winter is the very best time to begin constructing your portfolio!
Cheers,
HitBTC staff
