{"id":24610,"date":"2022-09-20T10:02:29","date_gmt":"2022-09-20T04:32:29","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=24610"},"modified":"2022-09-20T10:02:29","modified_gmt":"2022-09-20T04:32:29","slug":"crypto-market-update-september-20-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/crypto-market-update-september-20-2022\/","title":{"rendered":"Crypto market update: 20 September 2022"},"content":{"rendered":"<p>After some lackluster sessions following the much anticipated Ethereum Merge, Monday came as a breather for most of the top cryptos by market cap. While BTC and ETH could not recover from Sunday&#8217;s drop, Ripple (XRP) led the way up as investors cheered the outcome in SEC vs. Ripple case. However, Bitcoin (BTC) fell short of the $20,000 level despite gaining 0.65%. With the recent dip, BTC failed to visit $20,000 for the fourth time since 3 July.<\/p>\n<p>Despite the slight uptick, the market is not out of the woods as volatility remains high. Meanwhile, investors are keeping a close watch on the US Federal Reserve\u2019s meeting on interest rate hikes scheduled for 21 September as recession fears loom.<\/p>\n<p>The total crypto market cap increased by $11.7 billion on Monday to $907.1 billion. However, with BTC and ETH hitting a new September low, the market capitalization is down by $54 billion in September.<\/p>\n<h2>The Fear and Greed Index<\/h2>\n<p>The Fear &amp; Greed Index, a gauge of market sentiment, rose from 21\/100 to 23\/100 in yesterday&#8217;s session. While the index is still in the Extreme Fear zone, the modest increase can be attributed to BTC&#8217;s return to $19,500 after sliding steeper on Sunday. In recent weeks, the index has hovered close to the 20\/100 level.<\/p>\n<h2>Top gainers and losers<\/h2>\n<p>The top gainers, according to the live data from <a href=\"https:\/\/coinswitch.co\/coins\/\" target=\"_blank\" rel=\"noopener\">CoinSwitch<\/a>, are ApeCoin (APE), that leads the way up with a whopping 17.08% hike following <a href=\"https:\/\/coinswitch.co\/switch\/news\/apecoin-unlocks-rewards-for-launch-contributors\/\" target=\"_blank\" rel=\"noopener\">ApeCoin unlocking rewards<\/a> for launch contributors yesterday. It was followed by Algorand (ALGO) and Ethereum Name (ENS) with 14.60% and 10.37% gains, respectively.<\/p>\n<p>Conversely, Chainlink (LINK) leads the way down with a loss of 0.34% in the last 24 hours, followed by Litecoin (LTC) with 0.42% loss and Polkadot (DOT), which dipped 0.38%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After some lackluster sessions following the much anticipated Ethereum Merge, Monday came as a breather for most of the top cryptos by market cap. While BTC and ETH could not recover from Sunday&#8217;s drop, Ripple (XRP) led the way up as investors cheered the outcome in SEC vs. Ripple case. However, Bitcoin (BTC) fell short [&hellip;]<\/p>\n","protected":false},"author":70,"featured_media":24611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6602],"class_list":["post-24610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-market-update"],"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\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Akumbenla Jamir\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/akumbenla\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/38aea2873be2850fa7502413626eea19?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":"","post_author":false,"guest_author":false,"hide_toc":false,"select_disclaimer":"Article Default Disclaimer","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24610","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=24610"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24610\/revisions"}],"predecessor-version":[{"id":24615,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24610\/revisions\/24615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/24611"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=24610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=24610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=24610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}