{"id":27600,"date":"2022-11-16T09:58:36","date_gmt":"2022-11-16T04:28:36","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=27600"},"modified":"2022-11-16T09:58:36","modified_gmt":"2022-11-16T04:28:36","slug":"market-update-november-16-2022","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/market-update-november-16-2022\/","title":{"rendered":"Crypto market update: 16 November 2022"},"content":{"rendered":"<p>On Tuesday, the crypto market, which had a mixed session, seemed to be trying to recover from the FTX fiasco. The total crypto market cap showed some improvement, rising by $50 billion after Monday\u2019s low of $800 billion.<\/p>\n<p>Hopes of a favorable outcome for Ripple in its ongoing legal battle with the SEC created significant support for native token XRP. As a result, XRP led gains among the top 10 cryptos by market cap with gains close to 4%.<\/p>\n<p>Bitcoin (BTC) was mostly sideways during the day, hovering between $16,662 and $17,052. Meanwhile, ETH was trading in a narrow range between the resistance levels at $1,238 and $1,283.<\/p>\n<p>BNB, however, continued to struggle, with a decline of close to 1% registered to its name.<\/p>\n<p>News about <a href=\"https:\/\/coinswitch.co\/switch\/news\/binances-recovery-fund-for-projects-facing-liquidity-crunch\/\" target=\"_blank\" rel=\"noopener\">Binance creating a recovery fund<\/a> to support the industry, a slowdown of US wholesale inflation for the fourth consecutive month in October, and a positive end of the day for Nasdaq 100 reduced the impact of the FTX collapse.<\/p>\n<h3>Movers and shakers beyond the top 10<\/h3>\n<p><span style=\"font-weight: 400\">At publishing time, the top gainers, according to <\/span><a href=\"https:\/\/coinswitch.co\/coins\/\"><span style=\"font-weight: 400\">CoinSwitch<\/span><\/a><span style=\"font-weight: 400\"> data, are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Band Protocol (BAND): +12.73%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Chiliz (CHZ): +12.20%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Algorand (ALGO): +10.13%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Golem (GLM): +8.21%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">iExec RLC: +7.52%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Some of the leading losers are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Swipe (SWP): -7.35%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Ambire AdEx (ADX): -1.60%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Alien Worlds (TLM): -1.54%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Axie Infinity (AXS): -1.37%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Gala (GALA): -1.24%<\/span><\/li>\n<\/ul>\n<h3>Crypto Fear and Greed Index<\/h3>\n<p>The Crypto Fear and Greed Index, a measure of market sentiments, suggests that extreme fear prevails in the crypto space for now. Gaining one point in the last 24 hours, the index is at 23\/100.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-27603\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-16-at-8.51.43-AM-1024x453.png\" alt=\"market update\" width=\"800\" height=\"354\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-16-at-8.51.43-AM-1024x453.png 1024w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-16-at-8.51.43-AM-300x133.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-16-at-8.51.43-AM-768x340.png 768w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-16-at-8.51.43-AM.png 1529w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>The US retail sales numbers and trading sentiment around Nasdaq 100 may give the crypto market further direction later today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, the crypto market, which had a mixed session, seemed to be trying to recover from the FTX fiasco. The total crypto market cap showed some improvement, rising by $50 billion after Monday\u2019s low of $800 billion. Hopes of a favorable outcome for Ripple in its ongoing legal battle with the SEC created significant [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":27601,"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-27600","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\":\"2022-11-13T20:17:51+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\/27600","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=27600"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27600\/revisions"}],"predecessor-version":[{"id":27607,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27600\/revisions\/27607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/27601"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=27600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=27600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=27600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}