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First Mover Americas: Bitcoin Stays Above $19K as US Stocks Futures Slip Ahead of Earnings Reports
The latest price moves in crypto markets in context for Oct. 20, 2022.
Updated Nov 7, 2022, 6:34 p.m. Published Oct 20, 2022, 12:28 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 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.
STORY CONTINUES BELOW
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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.
CoinDesk Market Index
Biggest Gainers
Asset Ticker Returns DACS Sector Chain XCN +12.17% Currency Radicle RAD +7.2% Computing Biconomy BICO +7.07% Smart Contract Platform
Biggest Losers
Asset Ticker Returns DACS Sector Ribbon Finance RBN -5.38% DeFi MetisDAO METIS -2.88% Smart Contract Platform Rally RLY -2.75% Culture & Entertainment
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
Crypto Volatility Meltdown in Full Swing
By Omkar Godbole
- 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.
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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.
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Tom Lee responds to controversy surrounding Fundstrat’s differing bitcoin outlooks
A debate on X over seemingly conflicting bitcoin forecasts from Fundstrat analysts drew a response from Tom Lee, highlighting differing mandates and time horizons.
What to know:
- X users flagged what appeared to be conflicting bitcoin outlooks from Fundstrat’s Tom Lee and Sean Farrell.
- Lee endorsed a post arguing the views reflect different mandates and time horizons, not internal disagreement.
- The episode highlights how public commentary can blur distinctions between short-term risk management and long-term macro views.
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