{"id":23137,"date":"2022-09-01T09:59:13","date_gmt":"2022-09-01T04:29:13","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=23137"},"modified":"2022-09-19T18:28:12","modified_gmt":"2022-09-19T12:58:12","slug":"market-update-september-1-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/crypto\/market-update-september-1-2022\/","title":{"rendered":"Crypto market update: 1 September 2022"},"content":{"rendered":"

A tumultuous month for the crypto market finally ended with a mixed session yesterday. Bitcoin dropped below the resistance level of $20,000 at one point during the day, but it quickly gained traction again and rose by 1.18%. However, the month of August as a whole saw the world\u2019s largest crypto go down by 13.89%, despite steering clear of July\u2019s $18,962 low.<\/p>\n

Ethereum (ETH) led the way yesterday, rising by 1.91%, supported by investor enthusiasm for the upcoming Merge. Other cryptos, from the top 10 by market cap list, following ETH include SOL, with a 0.02% hike, and XRP, with 0.36%.<\/p>\n

As for the total crypto market cap, it touched $956.5 billion at the end of the day after moving up and down the charts. The total crypto market cap took a hit this August, sliding by $105.2 billion, due to the turbulent market and is below the psychologically important 1 trillion at the moment.<\/p>\n

The Fear and Greed Index<\/h2>\n

The Fear and Greed Index has fallen to 20\/100 as of 1 September 2022, which means the market is deep in the Extreme Fear zone. The 3% drop from Tuesday bearish market sentiments. If the downward trend continues, BTC\u2019s current year low of $17,605 will remain in play. BTC can only return to $25,000 if the index crosses 40\/100.<\/p>\n

Top gainers and losers<\/h2>\n

According to CoinSwitch<\/a> market data, the top gainers at publishing time are Terra 2.0 (LUNA) which led the way up with 4.45% gains, followed by Chiliz (CHZ) and AirSwap (AST), with 3.35% and 3.10% gains, respectively.<\/p>\n

However, RLC is trading in the red, down by 9.68%, and so are IOTX (-8.31%) and MKR (-7.30%).<\/p>\n","protected":false},"excerpt":{"rendered":"

A tumultuous month for the crypto market finally ended with a mixed session yesterday. Bitcoin dropped below the resistance level of $20,000 at one point during the day, but it quickly gained traction again and rose by 1.18%. However, the month of August as a whole saw the world\u2019s largest crypto go down by 13.89%, […]<\/p>\n","protected":false},"author":70,"featured_media":23138,"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-23137","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\/23137","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=23137"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/23137\/revisions"}],"predecessor-version":[{"id":23141,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/23137\/revisions\/23141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/23138"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=23137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=23137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=23137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}