Buy Crypto
Markets
Contract
Spot
Earn
Web3 new
Learn
Blogs > Crypto in a Minute > Uptober Not Upping >

Uptober Not Upping

Author: Jeffrey Craig Date: 2022-10-08 02:37:20

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)

october-8-daily-update

Main Takeaway: First Week Of Uptober Stays Muted

The first week of October has muted expectations of a market shift. Just yesterday, the Nasdaq fell by 4% on positive US job numbers, with the markets falling by multiple percentage points for consecutive days. However, crypto has not dropped by such drastic margins but is down almost 2% d-o-d.

The main takeaway is crypto has struggled lately on news of Luna Foundation Guard holding back payments, Celsius CEO and other leadership taking out money before the company’s bankruptcy, and news of additional blockchain bridge hacks targeting large crypto exchanges. Therefore, any news of increasing market sentiment has yet to come out. The Fed is likely to keep hiking interest rates indefinitely.

Today’s Top Gainers

The top five performing coins on Phemex d-o-d are Lazio Fan Token (LAZIO/USDT), Storj (STORJ/USDT), Injective (INJ/USDT), Skyup (SU/USDT), and Ripple (XRP/USDT).


For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!

Bonus

Calling New Moderators & Earn Rewards Coming On-chain Soon