Crypto Market Update Nov 14: BEAT Outperforms Amid Fear Index 16

Crypto Market Update: Coinbase, dYdX Token Buyback, Grayscale IPO News

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.40 trillion, marking a sharp 3.5% decline in the last 24 hours.

• Daily trading volume reached $227 billion.

• Bitcoin remains the leader with a 57.9% dominance, while Ethereum holds an 11.3% share.

• A total of 19430 cryptocurrencies are currently being tracked.

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

• Crypto Market Sees Sharp Drop as Liquidations Surge in the last 24 hours, where Bitcoin fell to $99,200 while Ethereum slid to $3,217. Over $463 million in positions were liquidated, mostly longs.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $99,200, representing a 2.73% fall in the past 24 hours. With $104.33 billion in trading volume and a $1.98 trillion market cap.

• Ethereum trades at $3217, dips 6.07% in the last 24 hours, with a $388 billion market cap and $49 billion in trading volume.

Top 5 Trending Coins in 24 Hours:

• Bitcoin (BTC) is priced $99,200, falling 2.73% with $104.33 billion in TV.

• Audiera (BEAT) at $0.4377 surged 18.55% with a TV of $387.62 million.

• Ethereum (ETH) is priced at $3217, dipping 6.07% with $49 billion in TVL.

• Solana (SOL) at $143.75, dipped 6.14% with a TV of $7.43 billion

• XRP (XRP) at $2.30, drops 3.95% with TV of $7.71 billion

Top 3 Gainers:

• AB jumped 17.68% to $0.007517, supported by a strong TV of $30.83M.

• Quant (QNT) rose 12% to $92.26, with trading activity reaching $71.20M.

• Starknet (STRK) gained 10.08% to $0.1493, backed by a high volume of $247.84M.

Top 3 Losers:

• Canton (CC) fell to $0.1101, dropping 18.35%, with a trading volume of $45.8 million.

• Story (IP) slipped to $3.39, down 8.84%, with a trading volume of $136.4 million.

• Artificial Superintelligence Alliance (FET) declined to $0.2869, losing 8.67%, with a trading volume of $155.5 million.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $311 billion with $158 billion in trading volume, representing a 0.4% negative change.  

• The DeFi market cap stands at $121 billion, sharply declined 4.3% in the last 24 hours, with a trading volume of $9.22 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

The crypto Fear & Greed Index shows Extreme Fear at 16, slightly higher than 15 yesterday but far below 24 last week. This drop reflects sharp price declines, high volatility, and investor stress over uncertainty, pushing overall sentiment deeper into fear over the past 24 hours.

Latest Market News Today

1. FDIC Plans Clear Rules for Tokenized Deposits:

The FDIC is preparing new guidance on tokenized deposit insurance. Acting Chair Travis Hill said blockchain deposits remain traditional deposits and differ from stablecoins, helping banks understand rules for using digital asset technology.

2. Kalshi Chooses Coinbase Custody for Secure USDC Handling:

Kalshi has picked Coinbase Custody to safely hold the USDC used in its event-based contracts. The collaboration assists in the guarantee of safe user capital, effective trading, and settlement on the site in full compliance.

3. dYdX Community accepts a significant Token Buyback Plan:

The dYdX community has passed a proposal to issue 75% of protocol revenue as DYDX token buybacks, 5% of which will be issued to the Treasury SubDAO and MegaVault immediately.

4. Tether Assists Police in Capturing 12 Million USDT in Large Fraud Case:

Tether helped Thai police and the U.S. Secret Service to seize 12 million USDT of a large Southeast Asian fraud network, resulting in 73 arrests and significant asset recovery.

5. Grayscale IPOs with a good market vision:

Grayscale Investments has submitted an IPO with assets under management of $35BB. Its S-1 states that it has a market opportunity of 365B and more than 40 crypto products that encompass 45+ digital tokens.

6. Binance Wallet IDO Leads ROI Rankings:

Recent statistics published by Defi Oasis indicate that Binance Wallet IDO is at the top of token launch sites with high ROIs. MetaDAO and Echo are next, followed by CakePad, Buildpad, and Coinlist with lower current returns.

7. Czech National Bank Starts $1M Digital Asset Pilot:

The Czech National Bank has begun a $1 million digital asset pilot with Bitcoin, a USD stablecoin, and a tokenized deposit. Approved on October 30, it aims to share findings within a year.

8. Binance Lists BANK & MET in New Solana-Ecosystem Push:

Binance listed Lorenzo Protocol’s BANK and Meteora’s MET on November 13, offering new trading pairs and adding Seed Tags. This marks Binance’s first Solana-ecosystem listing in six months.

9. US Shutdown Ends, But Another Looms:

The 43-day US government shutdown ends, leaving major delays, $619B new debt, damaged data systems, and 5 million travel disruptions. Workers return, but funding lasts only until January 30 — another shutdown looms.

10. Michael Burry Shuts Down Hedge Fund:

Michael Burry has announced the closure of his hedge fund. He said market conditions are too unpredictable. Investors will receive their remaining funds as operations wind down.

CoinGabbar’s Opinion

The past 24 hours show clear stress, with sharp price drops, high volatility, and a surge in liquidations. Extreme Fear dominating sentiment means investors should stay cautious, avoid leveraged trades, and focus on capital protection. Strong projects may offer long-term opportunities, but entering slowly and using strict risk management is crucial in this unstable environment.

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