Share this article
First Mover Americas: Technical Signs Flashing Green for Bitcoin and Ether, Quant Network's Token Surges 14%
The latest price moves in crypto markets in context for Oct. 17, 2022.
Updated Nov 7, 2022, 6:50 p.m. Published Oct 17, 2022, 12:41 p.m.
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.
Price Point
Bitcoin (BTC) was up slightly on the day after trading between $19,300 and $19,900 over the weekend. Ether (ETH) gained slightly more ground on Monday, trading up 3% at $1,322. The CoinDesk Market Index rose 0.8% over the past 24 hours.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In traditional markets, the British pound and U.K. bonds rallied as more of the Prime Minister Liz Truss’ unfunded tax cuts were reversed. U.S. stock futures jumped as investors awaited Bank of America’s earnings report, after four other major U.S. banks reported on Friday.
In the crypto market, the biggest gainer with a market capitalization of more than $1 billion was again Quant Network, whose token jumped 14% over the last 24 hours.
There was a sense of apathy among investors with minor inflows in digital-asset investment products last week of $12 million, according to data from CoinShares.
Bitcoin, the world’s largest cryptocurrency by market value, saw inflows of $8.8 million, marking the fifth consecutive week of inflows.
Short-bitcoin investment products saw inflows of $6.7 million.
“This could be interpreted as marginally supportive were it for the resumption of inflows into short-bitcoin investment products of $6.7 million, implying a net neutral sentiment amongst investors,” the report stated.
Ethereum saw a second week of minor outflows at $3.9 million.
CoinDesk Market Index
Biggest Gainers
Asset Ticker Returns DACS Sector Polymath POLY +27.31% DeFi Injective INJ +9.89% DeFi Quant QNT +8.16% Currency
Biggest Losers
Asset Ticker Returns DACS Sector Rally RLY -6.01% Culture & Entertainment JasmyCoin JASMY -3.56% Computing Radicle RAD -3.15% Computing
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.
Chart of the Day
Green Shoots Appear in ETH/BTC Chart
By Omkar Godbole
- Technical signs are pointing upward for both bitcoin and ether.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
