Categories: Bitcoin Latest News

First Mover Americas: Bitcoin Stays Above $19K as US Stocks Futures Slip Ahead of Earnings Reports

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 20, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read MoreCoinDesk

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

Bitcoin (BTC) was trading flat on Thursday, with little movement over the last 24 hours. The world’s largest cryptocurrency briefly dropped below $19,000 early Thursday but soon stabilized back just above at around $19,150.

Ether (ETH) was down slightly on the day, at around $1,290. It is still up slightly on the week, however

Top gainers on the day were Elrond’s EGLD and Huobi’s HT token, both up 3%.

In traditional markets, European stocks fell while yields on U.K. government bonds rose. U.S. stock futures slipped. Tesla‘s shares dropped 5.4% in premarket trading after the electric-car maker reported third-quarter revenue that missed analysts’ expectations.

Biggest Gainers

Biggest Losers

Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive and standardized classification system for digital assets. The CoinDesk Market Index (CMI) is a broad-based index designed to measure the market capitalization weighted performance of the digital asset market subject to minimum trading and exchange eligibility requirements.

Crypto Volatility Meltdown in Full Swing

By Omkar Godbole

This chart shows bitcoin’s 30-day volatility has dipped below that of the S&P 500. (Source: Bianco Research, Standard & Poor’s, Bloomberg)

Stocks have become more volatile than bitcoin for the first time since July 2021.

“This has only happened on four other occasions in bitcoin’s history, each time near a significant local bottom,” Noelle Acheson, author of the Crypto is Macro Now newsletter, said in a note to subscribers.

“Obviously, patterns don’t always repeat, but it is worth noting,” Acheson added.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Recent Posts

David Bailey Confirmed As A Bitcoin 2026 Speaker

Bitcoin Magazine David Bailey Confirmed As A Bitcoin 2026 Speaker David Bailey has been officially…

1 hour ago

Paraguay Adopts Stricter Crypto Oversight, Mandates Detailed Transaction on Bitcoin Reporting

Bitcoin Magazine Paraguay Adopts Stricter Crypto Oversight, Mandates Detailed Transaction on Bitcoin Reporting Paraguay’s National…

3 hours ago

Policy Group Calls for Bitcoin Inclusion in Proposed Crypto Tax Exemption

Bitcoin Magazine Policy Group Calls for Bitcoin Inclusion in Proposed Crypto Tax Exemption The Bitcoin…

3 hours ago

Corporate Bitcoin Holdings Hit Record High as Institutions Accumulate 2.8x Mining Supply: Report

Bitcoin Magazine Corporate Bitcoin Holdings Hit Record High as Institutions Accumulate 2.8x Mining Supply: Report…

4 hours ago

Here is what $100 oil means for Bitcoin network

Research shows that only 8% to 10% of global Bitcoin hashrate runs in oil-sensitive power…

5 hours ago

Cathie Wood’s Ark Invest says quantum computing is a long-term risk for bitcoin, not an imminent threat

Today’s quantum computers are far from breaking Bitcoin’s cryptography and any real threat would likely…

6 hours ago