{"id":26766,"date":"2022-10-31T10:03:26","date_gmt":"2022-10-31T04:33:26","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=26766"},"modified":"2022-10-31T10:03:26","modified_gmt":"2022-10-31T04:33:26","slug":"market-update-october-31-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/market-update-october-31-2022\/","title":{"rendered":"Crypto market update: 31 October 2022"},"content":{"rendered":"<p>The overall market was mostly sideways during the weekend. The total crypto market cap hovered around the $1 trillion mark. It was a mixed weekend for the crypto top 10, but many of them registered steady gains for a significant part of it. Riding on their successes, the market is expected to head upward this week.<\/p>\n<p>The leader of the top 10 crypto coins by market cap, Bitcoin (BTC), avoided the sub-$20,000 level\u2014a development that provided much confidence to the market and reversed some negative sentiments. Ether (ETH) posted gains of close to 15.88% in the last seven days, staying above the key support level of $1,567.<\/p>\n<p>Meanwhile, Dogecoin (DOGE) too registered gains of close to 100%, climbing the list of top 10 cryptos. It is now the 8th largest crypto, displacing Cardano (ADA).<\/p>\n<p>Better US Q3 GDP data than estimated and a rise in US consumer spending were the main highlights of last week. The positive GDP data is propelling hopes of a Fed pivot.<\/p>\n<p>However, the upcoming FOMC\u2019s meeting on interest rate hike decision could result in some anxiety among investors and may keep the market volatile.<\/p>\n<p>On Friday, 28 October 2022, Nasdaq, the tech-heavy index that the crypto market follows closely, ended the day with 2.87% gains, providing much support to the crypto market.<\/p>\n<h3>Crypto Fear and Greed Index<\/h3>\n<p>Thanks to slow trading activity and lack of any crypto-related developments over the weekend, the Crypto Fear and Greed Index slipped by over 3 points. It is currently at 31\/100, indicating fear in the market. Compared to last week, the index suggests, investor sentiments seem to be much better.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-26771\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-31-at-10.02.30-AM-1024x452.png\" alt=\"\" width=\"800\" height=\"353\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-31-at-10.02.30-AM-1024x452.png 1024w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-31-at-10.02.30-AM-300x132.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-31-at-10.02.30-AM-768x339.png 768w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-31-at-10.02.30-AM.png 1528w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h3><b>Top gainers and losers:<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Some of the top gainers as of 31 October 2022 are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Chiliz (CHZ): 16.12%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Gala (GALA): 11.55%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Algorand (ALGO): 7.84%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The Sandbox (SAND): 7.13%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Fantom (FTM): 4.87%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The coins with the highest losses at publishing time are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Theta Fuel (TFUEL): 13.77%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Sushi (SUSHI): 11.71%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Shiba Inu (SHIB): 9.23%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">JasmyCoin (JASMY): 8.54%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Uniswap (UNI): 7.33%<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The overall market was mostly sideways during the weekend. The total crypto market cap hovered around the $1 trillion mark. It was a mixed weekend for the crypto top 10, but many of them registered steady gains for a significant part of it. Riding on their successes, the market is expected to head upward this [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":26768,"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-26766","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\":\"Deepan Datta\",\"description\":\"A keen observer of the crypto market and believes crypto\/blockchain will bring the next phase of the industrial revolution and build an inclusive society.\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/deepan\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ea29018d03e4615947c5df3ce7b4030b?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\/26766","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=26766"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26766\/revisions"}],"predecessor-version":[{"id":26774,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26766\/revisions\/26774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/26768"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=26766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=26766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=26766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}