After the short swing that followed the US consumer price index (CPI), calm returned to the crypto market. The start of this week has also started very quietly for the time being. Still, several cryptocurrencies are starting to rise and the market is generally turning green. However, there are no hard increases for the time being, with a few exceptions. Total market capitalization grows 0.9% to $966 billion.
📈Market Overview#BTC price trades above $19K
The Top 10 are traded in different directions: $SOL +1.89%, $ETH +1.32%, $XRP -3.21%.
Market cap: $975B (+0.61%) $BTC dominance: 37.90% (+0.11%)
Fear & Greed Index: 20 (Extreme Fear)
Full Report👉https://t.co/W4rnlDAjgd pic.twitter.com/pQsRIMGH2b
— CryptoRank Platform (@CryptoRank_io) October 17, 2022
Bitcoin Consolidates Again Just Above $19,000
Bitcoin (BTC) returned to exactly the same price after the swing: just above $19,000. However, the BTC price has started to become slightly more volatile since yesterday evening and is picking up cautiously this morning. The BTC price currently stands at $19,295 on Coinbase and $19,770 on Bitvavo. As a result, the bitcoin price is currently 0.8% in the plus.
Open interest profile really illustrates how key of a level 19K is. The longer BTC consolidates in this range, volatility compresses, and futures positions build-up, the larger the expansion will eventually be. pic.twitter.com/odsWD02lNO
— Will Clemente (@WClementeIII) October 15, 2022
Ethereum strongest climber top 10
Ethereum (ETH) is gaining noticeably stronger today, even stronger than the rest of the top 10. Ether price finally broke through $1,300 again last night and found support at $1,300 last night. At the time of writing, ETH is rising to $1,313 and is up 2.2% today.
imo the best defense against censorship short term:
– Implementation https://t.co/xpG8WerjAu
– CL client compares locally produced block value with builder block value
– Propose block with the highest value
This can be achieved in a few weeks
— terence.eth (@terencechain) October 15, 2022
XRP hardest descender top 100
Ripple (XRP) has been one of the stronger risers in recent times, but today is the hardest faller, even in the entire top 100. At the time of writing, XRP dips back below $0.47 and is 3.2% in the market. minus today.
There is no regard for those companies and people that this approach has harmed.
We all should be outraged.
The SEC has clearly forgotten that the government works for the people.
— Brad Garlinghouse (@bgarlinghouse) October 15, 2022
Quant fastest climber top 100
Three races in the top 100 stand out the most today. These are synthetix (SNX), which is 10% in the plus, casper network (CSPR) which is already 14% in the plus, and quant (QNT) which is even 15% in the plus.
The QNT price has been on the rise recently. QNT is 37% in the plus compared to a week ago and even 99% in the plus compared to a month ago. QNT peaked at USD 225 this morning but now appears to be correcting somewhat.
$QNT absolutely defying gravity. 👨erson
From $40 to $200 in 126 days of a bear market. unreal! pic.twitter.com/GEVF6EA1VB
— Greg Lunt 🌐 (@GregLunt27) October 17, 2022
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