{"id":25909,"date":"2022-10-12T10:06:05","date_gmt":"2022-10-12T04:36:05","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=25909"},"modified":"2022-10-12T10:06:05","modified_gmt":"2022-10-12T04:36:05","slug":"crypto-market-update-october-12-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/crypto-market-update-october-12-2022\/","title":{"rendered":"Crypto market update: 12 October 2022"},"content":{"rendered":"<p>The crypto market had a mixed session yesterday, extending its bearish streak.<\/p>\n<p>Cardano (ADA) and Solana (SOL) led the way down, with losses of 2.00% and 2.05%, respectively. However, Dogecoin (DOGE) bucked the trend with a 0.98% rise. Among popular coins by market cap, Binance Coin (BNB) lost 0.22%, while Ethereum (ETH) and Ripple (XRP) saw losses of 0.73% and 1.79%, respectively. XRP\u2019s price drop seems to reflect investor concerns about the SEC vs. Ripple lawsuit.<\/p>\n<p>Bitcoin (BTC), the largest crypto by market cap, is also trending in the red, mirroring the larger crypto market sentiments. BTC recorded a 0.34% loss, following a 1.63% loss in the previous session. BTC price ended the day at $19,063, falling shy of the $20,000 level for the fourth consecutive day.<\/p>\n<p>Thursday&#8217;s US Consumer Price Index (CPI) report is likely to have a bearing on the Fed\u2019s rate hike policy and would influence the crypto market as well. Traditional market indicators, like the tech-heavy NASDAQ-100, fell by 1.10%. The NASDAQ is an index closely tracked by crypto traders to help them make sound trading decisions.<\/p>\n<p>Meanwhile, the weakness in the broader crypto market is taking a toll on CRE8, a rupee-denominated index that indicates Indian market conditions. The index is down by 1.14% in the last 24 hours and is trading at \u20b92,642.51.<\/p>\n<h2>The Fear and Greed Index<\/h2>\n<p>Despite a shift from a bearish market session on Monday to a mixed session yesterday, the Fear and Greed Index, an indicator of market sentiment, seems to signal something else. The index fell from 24\/100 to 20\/100, sliding deeper into the Extreme Fear zone. The index&#8217;s major constituent BTC\u2019s loss in seven consecutive sessions seems to have dragged the index lower. It is important for the index not to scoop below the level of 20.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-25911\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-12-at-9.57.41-AM-1024x438.png\" alt=\"Fear and greet index\" width=\"800\" height=\"342\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-12-at-9.57.41-AM-1024x438.png 1024w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-12-at-9.57.41-AM-300x128.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-12-at-9.57.41-AM-768x328.png 768w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-12-at-9.57.41-AM.png 1512w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h3>Top gainers from CoinSwitch&#8217;s live data:<\/h3>\n<ul>\n<li>Terra 2.0 (LUNA2): 7.92%<\/li>\n<li>DFI.money (YFII): 3.53%<\/li>\n<li>Chiliz (CHZ): 3.50%<\/li>\n<li>Dogecoin (DOGE): 3.37%<\/li>\n<li>Ethereum Name (ENS): 1.81%<\/li>\n<\/ul>\n<h3>Top losers from CoinSwitch&#8217;s live data:<\/h3>\n<ul>\n<li>ApeCoin (APE): -7.33%<\/li>\n<li>Uniswap (UNI): -6.07%<\/li>\n<li>Stellar (XLM): -5.80%<\/li>\n<li>iExec RLC (RLC): -3.41%<\/li>\n<li>Cosmos (ATOM): -3.30%<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market had a mixed session yesterday, extending its bearish streak. Cardano (ADA) and Solana (SOL) led the way down, with losses of 2.00% and 2.05%, respectively. However, Dogecoin (DOGE) bucked the trend with a 0.98% rise. Among popular coins by market cap, Binance Coin (BNB) lost 0.22%, while Ethereum (ETH) and Ripple (XRP) [&hellip;]<\/p>\n","protected":false},"author":70,"featured_media":25913,"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-25909","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\/25909","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=25909"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/25909\/revisions"}],"predecessor-version":[{"id":25916,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/25909\/revisions\/25916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/25913"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=25909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=25909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=25909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}