{"id":26078,"date":"2022-10-14T10:15:36","date_gmt":"2022-10-14T04:45:36","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=26078"},"modified":"2022-10-14T10:15:36","modified_gmt":"2022-10-14T04:45:36","slug":"market-update-october-14-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/market-update-october-14-2022\/","title":{"rendered":"Crypto market update: 14 October 2022"},"content":{"rendered":"<p>The crypto market was steady during Thursday&#8217;s session as the total market cap hovered in the $920-$950 billion range. The top 10 cryptos posted marginal gains in the last 24 hours with Bitcoin and XRP leading the charts.<\/p>\n<p>Despite the tech-heavy NASDAQ ending the day with a 2.23% gain, the crypto market failed to capture the positive momentum. The Crypto Fear &amp; Greed Index, which measures investor sentiment in the market, continues to be in the extreme fear zone.<\/p>\n<p>Meanwhile, US economic indicators continue to keep the market under pressure. The Core Consumer Price Index\u2014which excludes energy and food prices\u2014rose 6.6% in September, compared to the year-ago period. The increase in consumer inflation is the highest in four decades. Persisting inflationary pressure increases the probability of further interest rate hikes in November and December.<\/p>\n<h3>Top two coins<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-26083\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-14_08-01-14-1024x675.png\" alt=\"\" width=\"800\" height=\"527\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-14_08-01-14-1024x675.png 1024w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-14_08-01-14-300x198.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-14_08-01-14-768x506.png 768w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-14_08-01-14-1536x1013.png 1536w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-14_08-01-14-2048x1350.png 2048w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>source: tradingview<\/p>\n<p>Bitcoin fell short of breaking above $20K in yesterday\u2019s session, which would have been a very positive development for the crypto market amid bearish sentiment. In the 4-hour chart, BTC has broken above the 50 EMA (exponential moving average) slope with huge volumes. However, it needs to break above the $20K level in today\u2019s session to sustain the gains, or the market may witness selling pressure ahead of the weekend.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-26085\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/ETHUSD_2022-10-14_08-05-10-1024x621.png\" alt=\"\" width=\"800\" height=\"485\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/ETHUSD_2022-10-14_08-05-10-1024x621.png 1024w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/ETHUSD_2022-10-14_08-05-10-300x182.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/ETHUSD_2022-10-14_08-05-10-768x466.png 768w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/ETHUSD_2022-10-14_08-05-10-1536x932.png 1536w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/ETHUSD_2022-10-14_08-05-10-2048x1243.png 2048w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>source: tradingview<\/p>\n<p>ETH bounced higher from its key support level at $1,243 with strong volumes and is witnessing quite a bit of strength in the rally. In the last 24 hours, ETH has gained close to 3.21% and is currently trading above one of the resistive $1,325 levels. RSI (relative strength index) is also moving closer to the over-bought territory in the 4-hour chart. Therefore, one needs to check whether ETH sustains positive momentum or not.<\/p>\n<p>Other top gainers include XRP (5.92%), ADA (3.43%), and DOGE (3.82%).<\/p>\n<h3>Top gainers in the last 24 hours<\/h3>\n<ul>\n<li><b>Shushi (SUSHI):<\/b><span style=\"font-weight: 400\"> 23.36%<\/span><\/li>\n<li><b>Ethereum Name (ENS):<\/b><span style=\"font-weight: 400\"> 18.75%<\/span><\/li>\n<li><b>Synthetix Network (SNX):<\/b><span style=\"font-weight: 400\"> 11.76%<\/span><\/li>\n<li><b>Uniswap (UNI):<\/b><span style=\"font-weight: 400\"> 10.69%<\/span><\/li>\n<li><b>Basic Attention (BAT):<\/b><span style=\"font-weight: 400\"> 10.37%<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market was steady during Thursday&#8217;s session as the total market cap hovered in the $920-$950 billion range. The top 10 cryptos posted marginal gains in the last 24 hours with Bitcoin and XRP leading the charts. Despite the tech-heavy NASDAQ ending the day with a 2.23% gain, the crypto market failed to capture [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":26081,"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-26078","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":"","key_takeways":false,"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":true,"select_disclaimer":"Article Default Disclaimer"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26078","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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=26078"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26078\/revisions"}],"predecessor-version":[{"id":26092,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26078\/revisions\/26092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/26081"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=26078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=26078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=26078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}