• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, June 28, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Crypto Market Under Bearish Pressure As BTC And ETH Fail To Hold Support

Kyle Portman by Kyle Portman
October 11, 2022
in News
Reading Time: 4 mins read
0
bitcoin ethereum price news oct 11th 2022
10
SHARES
Share on TwitterShare on Facebook

As BTC struggles to keep support at $19k and ETH breaches the $1,300 threshold, crypto markets continue to lose value after displaying bearish momentum over the course of yesterday’s Indigenous Day holiday. Today’s loss of 1.38% brought the total market capitalization of cryptocurrencies down to $921 billion.

Summary:

  • As BTC and ETH battle to maintain support, the global cryptocurrency market continues to exhibit bearish signs.
  • As long as the Fed maintains its aggressive monetary policy, stock markets will continue to underperform.
  • While BTC and ETH are now trading at low levels, this is a great time to dollar-cost average your long-term positions and investments.
  • Bitcoin transactions of $100k+ and $1million+ declined to 2020 levels.
  • The fear and greed score is at 24, which indicates extreme fear but under better circumstances than last week.

General Market Update

While stocks are currently displaying a slight bullish momentum, this week’s trend in the cryptocurrency markets has not yet been reversed. This Tuesday, the NASDAQ and Dow Jones are making marginal gains as the S&P 500 opened down.

According to a report published by the Washington Post today, the Fed’s aggressive activity in raising interest rates is to blame for the stock market’s poor performance.

The Federal Reserve has increased interest rates five times since March, which is the most aggressive move in decades. The research also predicts that two additional swift rate increases would probably occur before the end of the year, thwarting any realistic stock market recovery.

At this juncture, continuing to “fight” inflation by undermining the stock market with high interest rates while concurrently producing money worth trillions of dollars almost seems counterintuitive. “The FY [Fiscal Year] 2022 print order ranges from 6.9 billion notes to 9.7 billion notes.” according to the Federal Reserve.

It seems to make sense that cutting back on the annual issuance of billions of dollars worth of currency will help combat inflation rather than relentlessly raising interest rates and further stifling the economy.

When considering this fact in the context of crypto tokenomics, picture a cryptocurrency in which the creators continuously produce additional tokens for their own use while also raising the buy/sell tax to “fight” the inflation they themselves first cause.

Crypto Market Update

At $19,103, Bitcoin is currently down 1% over the last 24 hours. With a $29 billion 24-hour trading volume, it has a market capitalization of $366 billion. The good news is that the market has gathered momentum, as the daily trading volume has increased by 27% over the past 24 hours.

Like Bitcoin, Ethereum is trading at a relatively low price of $1,280, but the 24-hour trading volume has increased significantly by 21%.

It’s important to note that bitcoin transactions of $100k+ and $1million+ have declined to levels last seen in 2020, according to statistics from Santiment.

🐳🤷 As #Bitcoin's price action has become relatively "boring" the past four months, we see that the lack of whale presence has had a lot to do with this lower volatility. $BTC transactions valued at $100k+ and $1m+ have fallen to levels last seen in 2020. https://t.co/92ksM3jp7b pic.twitter.com/zjpyhoUi71

— Santiment (@santimentfeed) October 11, 2022

The fear and greed index for today is 24. It indicates extreme fear, as usual, but the situation is still better than it was the week before when the index read 20 points.

If you want to make an investment, now might be a fantastic time to dollar-cost average your long-term positions and buy cheap crypto assets, NFTs, or even Metaverse lands.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!

Image Source: igorigorevich/123RF // Image Effects by Colorcinch

Tags: bitcoinEthereum
Previous Post

Blockwater Technologies Defaults On $3.4 Million Loan To TrueFi, Oryen Network May Be Solution To Making Back Losses

Next Post

8 Billion LUNC Removed From Total Supply as Binance Burns Over $2.7M in LUNC, Over 680 Billion LUNC Staked!

Related Posts

Featured

XRP Jumps as Ripple Wins Legal Fight

June 28, 2025
Trump to Save Crypto: New Order May End Banking Discrimination
News

Trump to Save Crypto: New Order May End Banking Discrimination

June 25, 2025
Why Ethereum 6-Second Block Time Might Change Everything
News

Why Ethereum 6-Second Block Time Might Change Everything

June 24, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier