Bitcoin Price and Ethereum Rebound, FTX Pumps 40%
On November 11, major cryptocurrencies were trading in the green early as the global crypto market cap gained over 7.5% in the previous day to $869 billion. Over the last 24 hours, however, overall crypto market volume fell over 23% to $144.29 billion.
The overall volume in DeFi was $6.88 billion, accounting for 4% of the entire 24-hour volume in the crypto market. The overall volume of all stablecoins was $140.42 billion, accounting for 97% of the total 24-hour volume of the crypto market.
Bitcoin is up nearly 3.5% to $17,138, owing to weaker-than-expected CPI figures, which indicate that the US Fed may slow down on upcoming rate hikes. Similarly, Ethereum, the second most valuable cryptocurrency, has increased by more than 5% to trade at $1,248.
Let's take a look at the top altcoin gainers and losers over the last 24 hours.
Three of the top 100 coins that have gained value in the last 24 hours are FTX Token (FTT), Chiliz (CHZ), and Chain (XCN).
The FTT recovered more than 40% to $3.22, while the Chiliz gained more than 24% to $0.2166 and the Chain gained nearly 20%.
Quant (QNT) has lost more than 3.5% of its value in the last 24 hours to trade at $119. ImmutableX (IMX) is down over 3% to $0.4686, while Terra Classic is also down 3% to $0.00019.
The current FTX Token price is $3.24, and the 24-hour trading volume is $949 million. In the last 24 hours, FTX Token has increased by 40%. CoinMarketCap now ranks #77, with a live market cap of $431 million. There are 133,025,776 FTT coins in circulation, with a maximum supply of 352,170,015 FTT coins.
According to a report by Coindesk on Friday, which cited unnamed sources, the US Department of Justice (DoJ) has demanded evidence from the Binance cryptocurrency exchange about its
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