HitBTC Weekly Digest - November 21, 2022

HitBTC Weekly Digest - November 21, 2022

Last week showed signs of market stabilisation after the panic following FTX demise.

  • Crypto volatility index (CVI) declined from the highest point of 125 on November 9, when FTX filed for bankruptcy, to 98 on November 26.
  • Total market capitalization continued to decline but at a slower pace. The market cap at the end 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 price declined from $1,222 to $1,142 - a decline of 6%.

Last week's altcoins performance:

What else happened:

New listings on HitBTC:

  • Hashflow (HFT) - a native token for the Hashflow protocol as well as the Hashverse, Hashflow’s gamified DAO and governance platform. HFT is a BEP-20 token.
  • Bitcoin Standard Hashrate Token (BTCST) - BEP-20 token, collateralized by Bitcoin’s (BTC) hashrate, with each token representing 0.1 TH/s of Bitcoin mining power at an efficiency of 60 W/TH. As such, miners contribute their computational power to the platform in exchange for newly minted BTCST tokens.
  • BENQI (QI) - a native token of BENQI, a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network.

What else on HitBTC:

  • eCash (XEC) is now available for deposits and withdrawals.
  • HitBTC will support StormX (STMX) swap. Expect official announcement soon.

Coming soon to HitBTC:

Standard Protocol (STND) - a governance token of Standard, self-sovereign decentralized reserve bank.

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HitBTC team