{"id":22197,"date":"2022-08-11T09:59:17","date_gmt":"2022-08-11T04:29:17","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=22197"},"modified":"2022-09-19T18:47:38","modified_gmt":"2022-09-19T13:17:38","slug":"crypto-market-update-august-11-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/crypto\/crypto-market-update-august-11-2022\/","title":{"rendered":"Crypto market update: 11 August 2022"},"content":{"rendered":"<p class=\"p3\">The broader crypto market had a bullish session yesterday. The total crypto market cap slid to an early low of $1,050 billion before steadying. Later during the day, the total crypto market cap surged to a high of $1,127. The global crypto market cap increased by 6.49% over the day.<\/p>\n<p class=\"p3\">Currently, $36.4 billion has flooded in, taking the market cap to $1,110 billion.<\/p>\n<p class=\"p3\">Ether (ETH) leads the market with a 7.52% jump, as Goerli\u2014one of the largest and most active Ethereum test networks\u2014sways the market sentiment and provides strong support.<\/p>\n<p class=\"p3\">ETH is followed by Bitcoin (BTC), which revisited the $24,000 handle for the second time in 10 sessions. BTC gained 3.47% on Wednesday and closed the day at $23,960, reversing a 2.78% drop from the previous day.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22198 size-large\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-11-at-8.55.48-AM-1024x286.png\" alt=\"\" width=\"800\" height=\"223\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-11-at-8.55.48-AM-1024x286.png 1024w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-11-at-8.55.48-AM-300x84.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-11-at-8.55.48-AM-768x215.png 768w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-11-at-8.55.48-AM-1536x429.png 1536w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-11-at-8.55.48-AM-2048x572.png 2048w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p class=\"p3\">With Bitcoin revisiting the 24k resistance level, the Fear and Greed Index\u2014a measure of market sentiment\u2014increased from 31\/100 to 41\/100, reversing Tuesday\u2019s drop (from 42\/100 to 31\/100). This leaves the index on the border of the neutral zone. The index last visited the neutral zone on 6 April; if it revisits the neutral zone, Bitcoin may achieve the 25k to 30k level.<\/p>\n<p class=\"p3\"><b>Key gainers<\/b><\/p>\n<p class=\"p3\">The top gainers from yesterday\u2019s session are cloud platform for renting computing power and data iExec (RLC), with a massive increase of 46.27%, followed by the decentralized marketplace for computing power, Golem (GLM), with 34.68%, and crypto lending platform Aave (AAVE) which saw a 17.39% jump.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The broader crypto market had a bullish session yesterday. The total crypto market cap slid to an early low of $1,050 billion before steadying. Later during the day, the total crypto market cap surged to a high of $1,127. The global crypto market cap increased by 6.49% over the day. Currently, $36.4 billion has flooded [&hellip;]<\/p>\n","protected":false},"author":70,"featured_media":22200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[460,6552,6530],"tags":[6467,6602,6536],"class_list":["post-22197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-market-update","category-news-2","tag-crypto","tag-market-update","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-07-22T13:28:55+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Praniket Nayka\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/praniket\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4b22173b861c31fe922bbaf46c336561?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"Beginner","post_author":false,"guest_author":false,"hide_toc":false,"key_takeways":false,"select_disclaimer":"Article Default Disclaimer"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/22197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=22197"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/22197\/revisions"}],"predecessor-version":[{"id":22202,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/22197\/revisions\/22202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/22200"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=22197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=22197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=22197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}