{"id":26937,"date":"2022-11-03T10:10:42","date_gmt":"2022-11-03T04:40:42","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=26937"},"modified":"2022-11-04T15:56:41","modified_gmt":"2022-11-04T10:26:41","slug":"crypto-market-update-november-3-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/crypto-market-update-november-3-2022\/","title":{"rendered":"Crypto market update: 3 November 2022"},"content":{"rendered":"<p>The broader crypto market lost steam after it managed to hold on to the $1.02 trillion market cap early on Wednesday. The total crypto market cap fell by $20.8 billion and ended 2 November with $951.6 billion.<\/p>\n<p>After a significant upside, Dogecoin (DOGE) tumbled by 10.16%. Other top cryptos by market cap too lost value, including Solana (SOL), which fell 4.35%. Other underperformers included Ethereum (ETH) and Cardano (ADA), with losses of 3.81% and 3.74%, respectively.<\/p>\n<p>However, Bitcoin (BTC), the largest crypto by market cap, managed to limit its loss to 1.63%. BTC also avoided dipping below the psychologically important $20,000-mark for the eighth day in a row.<\/p>\n<p>As expected, the Federal Reserve\u2019s rate hike announced on Wednesday weighed on the crypto market. The rate increase, followed by Fed Chair Powell&#8217;s hawkish comments, dragged the tech-heavy NASDAQ Composite Index down by 3.36% on 2 November, pulling the crypto market deep into negative territory.<\/p>\n<h2><strong>Key coins<\/strong><\/h2>\n<p>The largest and second-largest cryptos by market cap lost value as markets turned choppy yesterday. Bitcoin fell by 1.63% in yesterday&#8217;s session, following a modest 0.04% loss on Tuesday. BTC ended the day at $20,721, according to CoinMarketCap. BTC is currently trading at $20,321. Ethereum is down by 2.41% in the last 24 hours, trading at $1,552 at the time of writing.<\/p>\n<h2>Crypto Fear and Greed Index<\/h2>\n<p>The Crypto Fear and Greed Index, an index that measures the overall market sentiment, remained flat for two consecutive sessions at 30\/100, indicating &#8220;Fear&#8221;. However, the index managed to hold onto the 30\/100 level despite the NASDAQ index sliding for the third session.<\/p>\n<figure id=\"attachment_26941\" aria-describedby=\"caption-attachment-26941\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-26941\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-03-at-10.04.02-AM-1024x433.png\" alt=\"Fear and Greed Index\" width=\"800\" height=\"338\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-03-at-10.04.02-AM-1024x433.png 1024w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-03-at-10.04.02-AM-300x127.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-03-at-10.04.02-AM-768x325.png 768w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-03-at-10.04.02-AM.png 1498w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-26941\" class=\"wp-caption-text\">Crypto Fear and Greed Index<\/figcaption><\/figure>\n<h2>Top gainers and losers<\/h2>\n<p>At publishing time, the top gainers, according to <a href=\"https:\/\/coinswitch.co\/coins\/\" target=\"_blank\" rel=\"noopener\">CoinSwitch<\/a> data, include:<\/p>\n<ul>\n<li>Litecoin (LTC): 15.73%<\/li>\n<li>Storj (STORJ): 11.97%<\/li>\n<li>Chiliz (CHZ): 11.08%<\/li>\n<li>Band Protocol (BAND): 10.45%<\/li>\n<li>Basic Attention (BAT): 10.34%<\/li>\n<\/ul>\n<p>The losers include:<\/p>\n<ul>\n<li>Dogecoin (DOGE): -7.85%<\/li>\n<li>Shiba Inu (SHIB): -4.54%<\/li>\n<li>Power Ledger (POWR): -4.00%<\/li>\n<li>Status (SNT): -3.00%<\/li>\n<li>Ambire AdEx (ADX): -2.91%<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The broader crypto market lost steam after it managed to hold on to the $1.02 trillion market cap early on Wednesday. The total crypto market cap fell by $20.8 billion and ended 2 November with $951.6 billion. After a significant upside, Dogecoin (DOGE) tumbled by 10.16%. Other top cryptos by market cap too lost value, [&hellip;]<\/p>\n","protected":false},"author":70,"featured_media":26938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6602,6536],"class_list":["post-26937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","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\":\"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\/26937","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=26937"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26937\/revisions"}],"predecessor-version":[{"id":27055,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26937\/revisions\/27055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/26938"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=26937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=26937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=26937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}