Latest Crypto Market Update Nov 17: Top Gainers Aster, TEL & STRK

Crypto Market Update Today: China Trade Talk, Hyperliquid HIP-3 Launch

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.31 trillion, marking a 0.2% decline in the last 24 hours.

• Daily trading volume reached $169 billion.

• Bitcoin remains the leader with a 57.3% dominance, while Ethereum holds a 11.4% share.

• A total of 19430 cryptocurrencies are currently being tracked.

• The largest gainers in the industry are Polkadot and XRP Ledger Ecosystem.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $94921, representing a 0.38% fall in the past 24 hours. With $74.4 billion in trading volume and a $1.8 trillion market cap.

• Ethereum trades at $3122, dips 0.96% in the last 24 hours, with a $376 billion market cap and $31.8 billion in trading volume.

Top 5 Trending Coins in 24 Hours:

• BNBHolder (BNBHOLDER) is trading at $0.002213, down 7.82% with a $1.29M trading volume.

• Bitcoin (BTC) sits at $94,887.61, slipping 0.42%, recording $74.59B in volume.

• Ethereum (ETH) is priced at $3,121.70, losing 0.94%, with $32.08B trading volume.

• Solana (SOL) trades at $138.72, down a mild 0.13%, supported by $4.88B in volume.

• Zcash (ZEC) stands at $699.67, gaining 3.04%, alongside a $4.19B trading volume.

Top 3 Gainers:

• Aster (ASTER) price today leads at $1.24, jumping 10.75% with a TV $1.07B.

• Telcoin (TEL) is up 9.81%, trading at $0.006686, and has a TV of $15.5M.

• Starknet (STRK) rises 8.92% to $0.2104, supported by a TV $765M.

Top 3 Losers:

• SOON dropped by 22.41% to $1.97,  with a $102.6M trading activity.

• Internet Computer (ICP) declined 7.52% to $4.96, with TV $378.9M 

• Aerodrome Finance (AERO) fell 7.19% to $0.8126, supported by a TV $56.1M 

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $310 billion with $120 billion in trading volume, representing no change.  

• The DeFi market cap stands at $118 billion, down 1.2% in the last 24 hours, with a trading volume of $7.8 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

Today’s Bitcoin Fear & Greed Index shows Extreme Fear at 14, reflecting heightened anxiety. Sentiment worsened from yesterday’s 10 and remains far below last week’s cautious “Fear” level of 29, indicating persistent uncertainty and risk-averse investor behavior across the crypto sphere.

Latest Market News Today

1. Michael Saylor Says Legacy Credit Is Failing, Bitcoin Remains Strong:

Michael Saylor warned that the legacy credit system is structurally failing, arguing that depreciating assets and falling yields strengthen Bitcoin. He said even a “doomsday scenario” only reduces Bitcoin’s annual growth from 30–40% to 20%.

2. Japan Plans Major Crypto Tax and Regulatory Overhaul:

Japan’s FSA aims to classify 105 cryptoassets as financial products and propose a 20% flat tax from 2026, replacing the 55% progressive rate, while introducing stricter insider-trading safeguards.

3. Tom Lee Links Crypto Dip to Market-Maker Strains, Sees Recovery Soon:

BitMine Chairman Tom Lee said crypto weakness may stem from market-maker balance-sheet gaps, with “sharks” triggering liquidations. He urged avoiding leverage and expects a market recovery in 6–8 weeks after Thanksgiving.

4. Naval Ravikant Calls Crypto the Future of Free-Market Money:

AngelList co-founder Naval Ravikant said the shift from gold to fiat created “socialist money,” arguing that crypto offers technology to restore a competitive free-market monetary system as innovation drives new forms of money.

5. CZ Lawyer Rejects Claims of Trump ‘Pay-to-Play’ Pardon:

Binance Founder CZ’s attorney Teresa Goody Guillen denied any pay-to-play deal behind Trump’s October pardon, dismissing reports linking Binance, World Liberty Financial, and USD1 to influence-buying, calling them baseless amid Zhao’s past BSA plea.

6. Hyperliquid HIP-3 Launch news:

Hyperliquid co-founder Jeff Yan declared the initiation of HIP-3 by TradeXYZ, Ventuals, and Felix Protocol, which permitted permissionless perpetual deployments to increase capital efficiency and improve global market price discovery.

7. U.S. Shutdown Ends, now what?

The U.S. closes its record shutdown, releasing delayed economic data. Markets are now observing non-farm payrolls, Nvidia earnings, and Fed minutes, and BOJ has indicated that it may raise its rate in December.

8. Metaplanet Clears up ETF Impact Misconceptions:

Simon Gerovich of Metaplanet denied that ETFs undermine the company, stating that ETFs provide fixed exposure, whereas Metaplanet generates revenue and continues to accumulate bitcoin, which increases the exposure of each share of BTC and maintains a strategic edge.

9. US-China Trade Talks:

The Trump administration hopes to conclude a trade agreement with China by Thanksgiving, and US Treasury Secretary Bessent said that he was confident that Beijing would keep its promises under the intended agreement.

10. This Week's Key Crypto Events and Schedules:

With the U.S. government reopened, a backlog of major economic reports returns this week alongside Nvidia’s earnings, Fed minutes, multiple manufacturing and jobs updates, and 14 scheduled Federal Reserve speeches.

CoinGabbar’s Opinion

With the present high level of fear, minor decline, and high volatility of the key assets, investors are advised to be cautious. Although the long-term fundamentals of Bitcoin and the leading altcoins remain robust, the short-term market leans towards disciplined approaches, slow accumulation, and risk control. Keep leverage down, be patient, and focus on stability rather than aggressive actions in this shaky period of the market.

Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses.