Share this article
First Mover Americas: Bitcoin Stays Close to $20K, Sushi's Token Surges 14%
The latest price moves in crypto markets in context for Oct. 6, 2022.
Updated Nov 7, 2022, 5:28 p.m. Published Oct 6, 2022, 12:36 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) remained at the $20,000 level on Thursday as U.S. stock futures traded down, suggesting U.S. markets could stumble for a second day in a row after a two-day winning streak. The dollar eased slightly after posting solid gains overnight.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitcoin has been trading in a $600 range over the last few days, bouncing above and below the $20,000 mark with little direction.
Ether (ETH), the second-largest cryptocurrency by market value, gained 1% over the last 24 hours. Other altcoins posting gains included Uniswap’s UNI, up 4%, and XRP, up 3%. Ethereum classic and Chainlink's LINK also made small gains.
In the news, crypto lender Celsius Network’s top three executives withdrew $56.1 million in cryptocurrency between May and June, shortly before the company suspended withdrawals and filed for bankruptcy, new court records show.
Former CEO Alex Mashinsky, former Chief Strategy Officer Daniel Leon and Chief Technology Officer Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May before the company suspended all customer withdrawals.
In other news, GoldenTree Asset Management has invested $5.3 million in the Sushi governance token, the firm said in a Sushi forum announcement on Wednesday.
Finally, PowerTrade, a crypto exchange focused on derivatives, announced it is rolling out a request-for-quote (RFQ) model for the options market, which it says will cater to institutional investors by mirroring a widely used practice in traditional finance.
CoinDesk Market Index
Biggest Gainers
Asset Ticker Returns DACS Sector Ravencoin RVN +5.85% Currency Ribbon Finance RBN +5.06% DeFi Polymath POLY +4.11% DeFi
Biggest Losers
Asset Ticker Returns DACS Sector MetisDAO METIS -7.75% Smart Contract Platform Celsius CEL -5.95% Currency COTI COTI -4.77% Currency
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
Sushi's Social Dominance Hits Highest Level Since June
By Omkar Godbole
- GoldenTree's disclosure of $5.3 million stake in Sushi has galvanized investor interest in the cryptocurrency.
- Increased social-media chatter often leads to price volatility.
- SUSHI has gained 14% in the past 24 hours.
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
Bitcoin Volatile Near $94K as Fed's Powell Straddles Labor Market and Inflation Issues
"Powell is threading the needle between their two mandates," said one analyst.
What to know:
- Crypto prices were modestly higher, but also volatile following the Fed's rate cut earlier Wednesday.
- In his post-meeting press conference, Fed Chair Jerome Powell took note of a labor market that might be weaker than previously thought, while also sounding cautious about gains made in fighting inflation.
Top Stories
