empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
21.10.2022 03:00 PM
Crypto market ends week on pessimistic note
Open trading account Open demo account

On Friday morning, BTC rose slightly. However, shortly after, it sank below the psychologically important level of $19,000 to $18,900, reaching last week's lows. At the time of writing the article, it was hovering at $18,975. The market capitalization of the asset is $364 billion with a daily trading volume of $24 billion.

This image is no longer relevant

After a decline to the lows of October 13, trading volumes amounted to $725,000 per hour. The total volume of liquidations reached $10 million

According to CoinMarketCap, the website for tracking the price of virtual assets, over the past 24 hours, BTC has lost 1%. The highest level was $19,315 and the lowest one came in at $19,004.

Crypto market

Ethereum, the main competitor of bitcoin, also started the trading session with an increase. After that, it lost momentum following a drop in BTC. At the time of writing the article, it approached $1,270. Overnight, it fell to $1,283. Its capitalization sank to $156.865 billion. Before that, ETH had been trading above $1,300 for a long time. Many crypto experts believe that $1,300 will serve as strong support.

If ether maintains its correction in the coming hours, the next support level may be located at $1,265. The nearest resistance level will be the psychologically important level of $1,300.

A steady rise in ether began at the end of August before the long-awaited event for all holders of the cryptocurrency.

On the morning of September 15, the Ethereum network made the transition from the Proof-of-Work (PoW) to Proof-of-Stake (PoS) algorithm, which does not require mining. The transition occurred as part of a major update called The Merge.

In the first hours after the transition to the Proof-of-Stake algorithm, a strong influx of altcoins to centralized exchanges took place.

On the same day, the founder of the ETH network, Vitalik Buterin, confirmed the successful transition to PoS and the absence of failures or errors in the update. Earlier, he stated that the transition of the network to Proof-of-Stake would increase the popularity of digital assets for everyday payments thanks to reducing the commission to 2 cents. Buterin pointed out that the number of crypto payments fell after 2018 due to high transaction fees.

As for cryptocurrencies from the top 10 list by capitalization, Ripple dropped by 4.4%, Cardano sank by 2.81%, and Binance Coin lost 2.2%, logging the worst performance.

According to the results of last week, all coins, excluding Binance USD, were trading in the red zone. Cardano was the main outsider. It declined by 12.5%.

Yesterday, among the top 100 most capitalized digital assets, Toncoin was the biggest gainer. It climbed by 8.50%, while Ethereum Name Service saw the biggest drop of 7.26%, CoinGecko, the world's largest aggregator of data on virtual assets, reported.

This week, among the top hundred strongest digital assets, Casper gained the most, growing by 21.24%, while TerraClassicUSD plummeted by 27.29%.

At the time of writing the article, the total market capitalization of cryptocurrencies stood at $943 billion, having decreased by 1.5% over the past day.

Since November last year, when this figure exceeded $3 trillion, the market cap has declined more than three times.

Irina Maksimova,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Analytical News
US Market News Digest for May 21 Following a staggering $8.6 trillion rally, the US market is showing signs of fatigue. Despite negative macroeconomic indicators and the recent US credit rating downgrade, Morgan Stanley maintains a bold
Ekaterina Kiseleva
12:23 2025-05-21 +02:00
1255
Fundamental analysis
GBP/JPY. Analysis and Forecast Following the release of UK consumer inflation data, which came in above expectations, the GBP/JPY pair slightly pared back its intraday losses. However, it failed to attract significant buying interest
Irina Yanina
11:25 2025-05-21 +02:00
1375
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Falling indices, Tesla's surge, and Julius Baer's collapse: a day of sharp contrasts in the markets

Rge benchmark stock indices are falling: * Dow -0.27%, * S&P 500 -0.39%, * Nasdaq -0.38% Tesla is rising after Musk announced his willingness to return as CEO. Home Depot
12:40 2025-05-21 UTC+2

US Market News Digest for May 21

Following a staggering $8.6 trillion rally, the US market is showing signs of fatigue. Despite negative macroeconomic indicators and the recent US credit rating downgrade, Morgan Stanley maintains a bold
Ekaterina Kiseleva 12:23 2025-05-21 UTC+2

The Dollar Is No Longer King. What You Need to Know

Historically, the U.S. dollar has been the primary safe haven during crises such as wars, sanctions, and banking shocks; investors tend to flock to the dollar as their ultimate safety
Anna Zotova 00:59 2025-05-21 UTC+2

US Market News Digest for May 20

Despite the downgrade of the US credit rating and rising Treasury yields, retail investors remain active buyers of equities. Net purchases have surged to a record $4 billion, signaling confidence
Ekaterina Kiseleva 12:16 2025-05-20 UTC+2

Market Gains Modestly: Dow +0.32%, Nasdaq +0.02%, but Novavax Soars After Vaccine Approval

Dow Up 0.32%, S&P 500 Up 0.09%, Nasdaq Up 0.02% TXNM Energy Rises After Blackstone Deal Novavax Jumps After FDA Approval of Coronavirus Vaccine European Stocks Rise Slightly, as Utilities
Thomas Frank 11:18 2025-05-20 UTC+2

Bitcoin: What to Expect This Week. BTC Hits $107,000 – Can the Record Hold?

The leading cryptocurrency is fighting to maintain its position, even though it's not always smooth sailing. Currently, BTC is out in front, slightly simplifying the task of holding higher ground
Larisa Kolesnikova 00:40 2025-05-20 UTC+2

US consumption losing steam

In the upcoming week, Wall Street's attention will be focused on earnings reports from the largest US retail chains — crucial indicators of how changing trade conditions are impacting
13:30 2025-05-19 UTC+2

US Market News Digest for May 19

Despite encouraging statements about progress in trade negotiations and high-level diplomatic visits, forecasts for the S&P 500 remain restrained. Analysts point to the index's lack of growth compared
Ekaterina Kiseleva 12:20 2025-05-19 UTC+2

The American consumer is slowing down: What Target, Lowe's and Walmart are saying

Wall Street will be focused on earnings reports from the largest US retailers this week to gauge how changing trade conditions are affecting the economy and whether the recent stock
Thomas Frank 10:35 2025-05-19 UTC+2

US Market News Digest for May 16

Shares of Micron Technology are extending their steady rally, bolstered by encouraging technical signals. Investors are eyeing price targets at 117.34 and 137.12, making the stock attractive in both
Ekaterina Kiseleva 13:20 2025-05-16 UTC+2

Top analytics

Relevance up to 20:00 2025-05-21 UTC--4
Trading Recommendations and Analysis for EUR/USD on May 21: The Euro Continues to Climb
03:48 2025-05-21
Trading plan
Relevance up to 03:00 2025-05-22 UTC--4
Forecast for EUR/USD on May 21, 2025
11:19 2025-05-21
Technical analysis
Relevance up to 23:00 2025-05-21 UTC--4
EUR/USD Forecast for May 21, 2025
05:19 2025-05-21
Technical analysis
Relevance up to 20:00 2025-05-21 UTC--4
EUR/USD Overview – May 21: The Theater of Chaos and Absurdity Continues
07:46 2025-05-21
Fundamental analysis
Relevance up to 03:00 2025-05-22 UTC--4
Forecast for GBP/USD on May 21, 2025
11:15 2025-05-21
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.