The two largest coins were in the green Sunday evening as global cryptocurrency The market cap rose 0.5% to $921 billion as of 9:25 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 0.4% | -1.55% | $19,197.35 |
| ether ETH/USD | 1.8% | -2.3% | $1,302.79 |
| Dogecoins DOGE/USD | -0.6% | -5.75% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Kasper (CSPR) | +21.1% | $0.05 |
| synthesis (SNX) | +8.8% | $2.26 |
| waves (WAVES) | +5.4% | $3.48 |
See also: Best Investment Apps
Why it matters: Bitcoin and ether up as were US stock futures at the time of writing ahead of a new trading week.
The coming week will be littered with earnings from US companies as they grapple with record inflation and fears of a looming recession.
Senior Market Analyst at OANDA Edward Moya said in a note recently viewed by Benzinga that Bitcoin has held up well amid the recent turmoil on Wall Street.
“Risk aversion is running wild and bitcoin is not breaking. Fed rate hike expectations are rising and bitcoin is still holding at $19,000,” Moya said.
Moya pointed out that Bitcoin’s stabilization period is “good news” for long-term bulls. “The high-frequency trading systems and hedge funds have their favorite shorts, and right now Bitcoin appears to be becoming a long-term bet for many.”
“If US stocks fall below 3,600 this earnings season and Bitcoin fails to break below summer lows, crypto winter can be officially declared,” the analyst said.
Alternative.me’s Crypto Fear & Greed Index showed Extreme Fear ahead of the new trading week. The index was at 20 at the time of writing while it was at 22 last week. A value of 0 means Extreme Fear, while 100 means Extreme Greed.
Michael van de Poppe tweeted a “big week ahead”. That…
