{"id":22415,"date":"2022-08-16T10:01:34","date_gmt":"2022-08-16T04:31:34","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=22415"},"modified":"2024-04-02T15:40:07","modified_gmt":"2024-04-02T10:10:07","slug":"crypto-market-update-august-16-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/crypto\/crypto-market-update-august-16-2022\/","title":{"rendered":"Crypto market update: 16 August 2022"},"content":{"rendered":"

It was a mixed session for the crypto market<\/a> yesterday. Bitcoin (BTC) is currently in negative territory. Yesterday, it fell by 0.87% and ended at $24,102.<\/p>\n

Earlier, on 14 August 2022, BTC touched $25,203. The last time it visited the $25,000 mark before this was on 13 June 2022.<\/p>\n

Following BTC was Ethereum (ETH), which touched $1,904, losing ground by 1.7% after breaking through the $2,000 barrier recently.<\/p>\n

Memecoins also lost ground after the run-up over the weekend, including the two largest memecoins by market cap. Dogecoin (DOGE) fell 6.% to $0.07, while Shiba Inu (SHIB) token was down 9.6%, at $0.0000153.<\/p>\n

Meanwhile, the global crypto market cap dropped by 3.58% over the past 24 hours. The total crypto market cap is up by $65 billion this August.<\/p>\n

Top gainers and losers<\/b><\/h2>\n

It was largely a bearish session yesterday after a bullish weekend. But some coins broke through in the last 24 hours, including sports and entertainment-focused network Chiliz (CHZ), leading the way, rallying by 17.04%. Machine learning-based blockchain platform Fetch.ai (FET) gained 9.05%, and decentralized platform IoTeX (IOTX) gained 3.57%.<\/p>\n

On the other end, iExec (RLC) leads the way down, falling by 7.99%. Curve DAO (CRV) and Quantstamp (QSP) are also down by 7.62% and 7.52%, respectively.<\/p>\n

Crypto Fear and Greed Index<\/b><\/h2>\n

The Fear and Greed Index, a popular market sentiment indicator, slipped from 45\/100 to 44\/100. The index saw a modest pullback despite the bearish start to the week and BTC falling to sub-$24,000. Bitcoin\u2019s return to $25,000 should support an index move into the neutral zone, giving the BTC bulls a run at $30,000.<\/p>\n\n\n

FAQs<\/h2>\n\n\n
\n
\n
\n

Why is crypto crashing?<\/h3>\n
\n\n

Crypto crashes can occur due to factors such as market sentiment, regulatory news, and macroeconomic events.<\/p>\n\n<\/div>\n<\/div>\n

\n

When the crypto market will go up?<\/h3>\n
\n\n

The timing of the crypto market going up again is uncertain and depends on various factors, including market sentiment, adoption, and regulatory developments.<\/p>\n\n<\/div>\n<\/div>\n

\n

Does crypto go up or down?<\/h3>\n
\n\n

Cryptocurrency prices fluctuate, experiencing both upward and downward movements over time.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

It was a mixed session for the crypto market yesterday. Bitcoin (BTC) is currently in negative territory. Yesterday, it fell by 0.87% and ended at $24,102. Earlier, on 14 August 2022, BTC touched $25,203. The last time it visited the $25,000 mark before this was on 13 June 2022. Following BTC was Ethereum (ETH), which […]<\/p>\n","protected":false},"author":70,"featured_media":22419,"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-22415","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\/22415","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=22415"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/22415\/revisions"}],"predecessor-version":[{"id":39952,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/22415\/revisions\/39952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/22419"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=22415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=22415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=22415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}