The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 20, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read MoreCoinDesk
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Ether (ETH) was down slightly on the day, at around $1,290. It is still up slightly on the week, however
Top gainers on the day were Elrond’s EGLD and Huobi’s HT token, both up 3%.
In traditional markets, European stocks fell while yields on U.K. government bonds rose. U.S. stock futures slipped. Tesla‘s shares dropped 5.4% in premarket trading after the electric-car maker reported third-quarter revenue that missed analysts’ expectations.
Biggest Gainers
Biggest Losers
Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive and standardized classification system for digital assets. The CoinDesk Market Index (CMI) is a broad-based index designed to measure the market capitalization weighted performance of the digital asset market subject to minimum trading and exchange eligibility requirements.
Crypto Volatility Meltdown in Full Swing
By Omkar Godbole
Stocks have become more volatile than bitcoin for the first time since July 2021.
“This has only happened on four other occasions in bitcoin’s history, each time near a significant local bottom,” Noelle Acheson, author of the Crypto is Macro Now newsletter, said in a note to subscribers.
“Obviously, patterns don’t always repeat, but it is worth noting,” Acheson added.
Read more about
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
