Crypto market overview November 2022

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  • Cryptocurrency prices are set to decline significantly in 2022, with crypto assets tracking the performance of stocks such as the Nasdaq 100.
  • An overview of the three top cryptocurrencies in Bitcoin, Ethereum and Ripple highlights the opportunities and risks that abound.
  • Unlike crypto, investors looking to trade contracts for CFDs need to do due diligence and understand how the contracts work.

Crypto has tracked high-risk assets for 2022, such as the Nasdaq 100, which is crumbling as a result of high inflation and high interest rates prevailing in financial markets.

Bitcoin, the world’s largest digital coin, failed to cross $20,000 for most of September and October. However, among many price prediction BTC managed to rise at the end of the month after some minor signs that the US Federal Reserve was ready to ease policy.

On October 29, the price of bitcoin rose by 6.5% to $20,700, followed by a 19% increase in ether. For context, the two biggest crypto powers have posted losses in five of the last six months. Perhaps this was not a factor driving it, but rather “a More favorable background for riskier assets and short liquidation,” suggested Greg Cipollaro of NYDIG.

One of the drivers for the rally may have been Dogecoin’s massive 40% jump that month, as crypto traders hoped that Elon Musk’s acquisition of Twitter would give them a platform to promote the dog-themed coin.

One notable aspect of the crypto upswing was the fact that it happened at the same time that major tech stocks like Meta Platforms and were in the red. ,Digital Asset Markets Show Early Signs of Tech DecouplingYep,” declared Walter Teng of Fundstrat.

Below are the 3 top cryptocurrencies we used to outline and isolate the above “signals” and crypto performance in November. Read on to find out what else you can learn about cryptocurrency CFD trading.


In the second week of November, Binance CEO Changpeng Zhao said that his company was on track to acquire – the famous crypto exchange co-founded by Sam Bankman-Fried – after Zhao sold his exchange for $530 million. dollars from its FTX holdings after it lost liquidity of Rs.

Crypto Trust was affected by the demise of FTX, the parent of which ftx token FTT lost 75% of its value in a single day on 9 November. SOL (the token of the Solana blockchain) reacted dramatically (because Solana is tied to FTX), plunging 36% on the day and totaling losses for the year. up to 90%. After an 11% loss the day before, bitcoin was 7.7% in the red, which prevented it from breaking above $17,430.

The sentiment was memorable for Dan Libau of Modular Asset Management, who said that since 2016, “few periods have tested [the crypto industry’s] Market infrastructure and participants as of the last 24 hours.


Will ETH Be Able To Maintain The Momentum After Its Monumental September Merger? Not according to some analysts like BeQuant’s Martha Reyes, who said in mid-September,We don’t have a catalyst for Ethereum anytime soon now that the merge euphoria is over,

Ether fell 3.8% on the day to $1,475, having fallen 6% the day before. Excitement over an upcoming merge into a proof-of-stake system of verification, which would reduce the blockchain’s environmental impact and make it more efficient, had kept ether afloat since mid-June.

It was a mergerdefinitely a successIn the words of Ethereum developer Preston Van Loon, “.”What we’ll see over time is whether the statistics catch up,

A month later, Ether climbed 10.25% in just 24 hours. Internet advocate Andrew Rosso thought it was due to a “combination of traders capitalizing” And “The Success We Are Seeing With Some NFT Projects Thriving In The Current Bear Market,

According to Brett Siffling of Gerber Kawasaki Wealth & Investment Management, this was an overdrive of the stock market rally. It will certainly be interesting to see how the ETH price for trading cryptocurrencies as CFDs will perform in the coming months.


On September 19, traders braced themselves for higher interest rates on both sides of the Atlantic. This would mean that the cost of borrowing increases, eliminating much needed liquidity in the crypto market. Bitcoin and Ether continued their losing streak, falling 7.4% and 6.6% respectively, but XRP – Ripple Labs Inc. Token created by – fell by 13.5%.

One trigger could be the news that the Securities and Exchange Commission (SEC) wanted an immediate decision in a lawsuit they were pursuing. Wave for its “reckless” conduct in failing to register XRP as a security. Also in September, Ripple filed a motion to dismiss the lawsuit based on its position that XRP does not qualify as a security.

In the second week of October, Ripple CEO Brad Garlinghouse said that the matter would be resolved by the first half of 2023. The issue, he said, was “about the entire industry,” not just the world’s sixth-largest crypto.


When Trading cryptocurrencies as CFDsIt is always a good idea to understand the prevailing macro environment. For example, what was the tone of Fed Chair Jerome Powell’s last speech? What did the latest inflation data tell us? What other recent events are shaping crypto sentiment?

Answering these questions and listening to the popular opinion of reputable analysts can help those trading cryptocurrency CFDs to make more informed decisions.

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