{"id":25149,"date":"2022-09-28T10:06:05","date_gmt":"2022-09-28T04:36:05","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=25149"},"modified":"2022-09-28T10:10:18","modified_gmt":"2022-09-28T04:40:18","slug":"crypto-market-update-september-28-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/crypto-market-update-september-28-2022\/","title":{"rendered":"Crypto market update: 28 September 2022"},"content":{"rendered":"

After trading higher briefly on 27 September, the crypto market ended the day on a bearish note. Ripple (XRP) led the way down, sliding by 4.68% for the second session after the uptrend in the last seven days. Solana (SOL) followed suit with a 3.54% loss. Bitcoin (BTC), the largest cryptocurrency by market cap, revisited the $20,000 level for the first time in nine sessions before ending the day with a 0.72% loss. Developments such as investors losing hope for a favorable outcome in the SEC vs. Ripple case also weighed on the broader crypto market.<\/p>\n

However, BTC has been trading within the $24,300 to $17,600 range for the past 103 days despite the breakouts and breakdowns. More importantly, the slump seems to have no impact on more mature investors. On-chain analytics provider Glassnode reported that mature investors are hunkering down and holding their positions rather than selling.<\/p>\n

With this, the total crypto market cap came in at $895.9 billion, down by $7.1 billion for the session.<\/p>\n

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

\"Fear<\/p>\n

Despite the bearish session, the Fear & Greed Index, an indicator of market sentiment, held steady at 20\/100, indicating extreme fear. This is despite BTC sliding back to below $19,000. However, the index continue to avoid slipping below 20\/100, which indicates investor resilience. For the index to move out of the extreme fear zone, BTC must move above the first resistance level of $19,500 to support a bullish session.<\/p>\n

Top gainers and losers<\/h2>\n

While it is too early in the day to talk about Wednesday’s market session, the cryptocurrencies that are showing potential strength are Polymath (POLY) and AirSwap (AST), up by 8.08% and 1.91%, respectively.<\/p>\n

On the other end of the trading scale, the laggards include Ripple (XRP), which lost 10.16%, followed by Algorand (ALGO) and Storj (STORJ) that dropped 9.12% and 8.77%, respectively.<\/p>\n

All data is from CoinSwitch’s live data. Since the crypto market is very volatile, always check current data.<\/p>\n","protected":false},"excerpt":{"rendered":"

After trading higher briefly on 27 September, the crypto market ended the day on a bearish note. Ripple (XRP) led the way down, sliding by 4.68% for the second session after the uptrend in the last seven days. Solana (SOL) followed suit with a 3.54% loss. Bitcoin (BTC), the largest cryptocurrency by market cap, revisited […]<\/p>\n","protected":false},"author":70,"featured_media":25156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6602,6536],"class_list":["post-25149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","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\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Sunil Paul\",\"description\":\"Sunil Mathew Paul brings the best of both worlds, combining his flair for writing with expertise in delivering niche content for the investment community.\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/sunil-pcoinswitch-co\/\",\"sameAs\":[\"sunilmathewpaul\",\"https:\/\/www.linkedin.com\/in\/sunil-mathew-paul-382302a\/\"],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/98e19e7160d41179bbf77157108dfaf6?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\/25149","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=25149"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/25149\/revisions"}],"predecessor-version":[{"id":25162,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/25149\/revisions\/25162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/25156"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=25149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=25149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=25149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}