{"id":24420,"date":"2022-07-30T13:28:06","date_gmt":"2022-07-30T13:28:06","guid":{"rendered":"https:\/\/egrowonline.com\/?p=24420"},"modified":"2022-07-30T13:28:06","modified_gmt":"2022-07-30T13:28:06","slug":"bitcoin-and-other-altcoins-gain-for-second-week-major-cryptos-face-pressure-now","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=24420","title":{"rendered":"Bitcoin And Other Altcoins Gain For Second Week; Major Cryptos Face Pressure Now"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<nav> <!--QLINKS_OFF--> <\/p>\n<div class=\"article_breadcrump oi2 clearfix\" data-category=\"Business\">  <span><img decoding=\"async\" alt=\"bredcrumb\" src=\"https:\/\/www.goodreturns.in\/images\/g_arrow.jpg\" \/><\/span>  <span><img decoding=\"async\" alt=\"bredcrumb\" src=\"https:\/\/www.goodreturns.in\/images\/g_arrow.jpg\" \/><\/span>  <\/div>\n<p> <!--QLINKS_ON--> <\/nav>\n<header>\n<p>Business<\/p>\n<p>oi-Roshni Agarwal<\/p>\n<div class=\"date_time\" data-author=\"Roshni Agarwal\"> <span>|<\/p>\n<p>                                Published: Saturday, July 30, 2022, 12:21 [IST]<br \/>\n                               <\/span> <\/div>\n<\/header>\n<p>This is the second consecutive week of gains for most cryptos and altcoins. Largely the gains this week are on the back of in-line rate hike by the Federal Reserve to the tune of 75 basis points.<\/p>\n<div class=\"big_center_img\">\n<div>\n<figure><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/2018\/04\/bitcoingain-4-08-1512731940-1523100373.jpg\" class=\"image_listical\" vspace=\"5\" hspace=\"5\" style=\"border:0px\" alt=\"Bitcoin And Other Altcoins Gain For Second Week; Major Cryptos Face Pressure Now\" title=\"Bitcoin And Other Altcoins Gain For Second Week; Major Cryptos Face Pressure Now\" \/><\/figure>\n<\/div>\n<\/div>\n<p>At the time of writing this copy at around 11:50 am, bitcoin is trading with a cut of 0.8% at $23,779, Ethereum-the second top digital token is also down by over 1 percent.<\/p>\n<p>For the week bitcoin&#8217;s gains are close to 4%. In fact bitcoin climbed higher even as the US reported contraction in GDP for the second consecutive week. This as per the technical definition signals recession for the country.<\/p>\n<p>As per the latest weekly bitcoin chart it was analysed that investors entered big time in the crypto asset at a price of $20K. On a weekly basis, RSI for BTC is at 35 that suggests that prices are neither overbought nor oversold, but rather are in a neutral range.<\/p>\n<p>The Fear and Greed Index that underlines sentiment relative to bitcoin price ranges between 0 to 100. &#8216;0&#8217; here means extreme fear while 100 highlights &#8216;extreme greed&#8217;. The index includes price, volatility, social media influence, momentum as well as Google Search trends. The index has been at 39 that signifies &#8216;fear&#8217;. In October the highest reading of 84 was logged which denotes excessive greed when bitcoin traded over $60K.<\/p>\n<div class=\"slider-article-list-wrap\">\n<div class=\"slider-article-lists clearfix\">\n<ul>\n<li>\n<div class=\"slider-article-thumbimg\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/crypto-gains-but-slowly-bitcoin-surged-to-us-23-880-40-ether-down-marginally-1257203.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/175x85x131\/2021\/09\/cryptocurrency-1631433601.jpg\" alt=\"\" \/><\/a><\/div>\n<div class=\"slider-article-title\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/crypto-gains-but-slowly-bitcoin-surged-to-us-23-880-40-ether-down-marginally-1257203.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\">Crypto Gains But Slowly, Bitcoin Surged To US$ 23,880.40, Ether Down Marginally<\/a><\/div>\n<\/li>\n<li>\n<div class=\"slider-article-thumbimg\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptocurrencies-cheer-fed-in-line-rate-hike-etehreum-gains-14-1256979.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/175x85x131\/2021\/09\/cryptocurrency-1631433601.jpg\" alt=\"\" \/><\/a><\/div>\n<div class=\"slider-article-title\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptocurrencies-cheer-fed-in-line-rate-hike-etehreum-gains-14-1256979.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\">Cryptocurrencies Cheer Fed In-Line Rate Hike; 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Global Macro Uncertainty Weighs<\/a><\/div>\n<\/li>\n<li>\n<div class=\"slider-article-thumbimg\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/bitcoin-continues-to-fall-sharply-ether-plunges-4-31-intraday-impact-of-us-fed-meeting-1256810.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/175x85x131\/2021\/09\/931490-abpgwnfadf-1515506359-1632634700.jpg\" alt=\"\" \/><\/a><\/div>\n<div class=\"slider-article-title\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/bitcoin-continues-to-fall-sharply-ether-plunges-4-31-intraday-impact-of-us-fed-meeting-1256810.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\">Bitcoin Continues To Fall Sharply, Ether Plunges 4.31% Intraday: Impact Of US Fed Meeting<\/a><\/div>\n<\/li>\n<li>\n<div class=\"slider-article-thumbimg\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptos-slump-by-up-to-9-today-7-days-return-in-negative-for-most-cryptos-barring-ethereum-cardan-1256598.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/175x85x131\/2021\/09\/cryptocurrency-1631433601.jpg\" alt=\"\" \/><\/a><\/div>\n<div class=\"slider-article-title\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptos-slump-by-up-to-9-today-7-days-return-in-negative-for-most-cryptos-barring-ethereum-cardan-1256598.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\">Cryptos Slump By Up To 9% Today; 7-Days Return In Negative For Most Cryptos Barring Ethereum, Cardano<\/a><\/div>\n<\/li>\n<li>\n<div class=\"slider-article-thumbimg\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptocurrency-steep-fall-in-bitcoin-by-3-ether-down-by-2-5-1256540.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/175x85x131\/2021\/11\/bitcoin-taxes-1626428141-1637375717.jpeg\" alt=\"\" \/><\/a><\/div>\n<div class=\"slider-article-title\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptocurrency-steep-fall-in-bitcoin-by-3-ether-down-by-2-5-1256540.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\">Cryptocurrency: Steep Fall In Bitcoin By 3%, Ether Down By 2.5%<\/a><\/div>\n<\/li>\n<li>\n<div class=\"slider-article-thumbimg\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/bitcoin-surges-to-22-962-40-up-14-in-1-month-but-fall-0-81-today-bearish-ether-1256488.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/175x85x131\/2021\/09\/cryptocurrency-1631433601.jpg\" alt=\"\" \/><\/a><\/div>\n<div class=\"slider-article-title\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/bitcoin-surges-to-22-962-40-up-14-in-1-month-but-fall-0-81-today-bearish-ether-1256488.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\">Bitcoin Surges To $22,962.40, Up 14% In 1 Month, But Fall 0.81% Today, Bearish Ether<\/a><\/div>\n<\/li>\n<li>\n<div class=\"slider-article-thumbimg\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptos-gain-ground-bitcoin-at-above-23k-ethereum-up-close-to-7-1256409.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/175x85x131\/2021\/09\/931490-abpgwnfadf-1515506359-1632634700.jpg\" alt=\"\" \/><\/a><\/div>\n<div class=\"slider-article-title\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptos-gain-ground-bitcoin-at-above-23k-ethereum-up-close-to-7-1256409.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\">Cryptos Gain Ground; 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Fall Out From The Fresh Contagion<\/a><\/div>\n<\/li>\n<li>\n<div class=\"slider-article-thumbimg\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptocurrency-news-bitcoin-up-14-3-ether-up-26-4-in-5-days-what-s-driving-them-1256238.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.goodreturns.in\/img\/175x85x131\/2021\/11\/bitcoin-taxes-1626428141-1637375717.jpeg\" alt=\"\" \/><\/a><\/div>\n<div class=\"slider-article-title\"><a target=\"_blank\" href=\"https:\/\/www.goodreturns.in\/news\/cryptocurrency-news-bitcoin-up-14-3-ether-up-26-4-in-5-days-what-s-driving-them-1256238.html?ref_medium=Desktop&amp;ref_source=GR-EN&amp;ref_campaign=Similar-Topic-Slider\" rel=\"noopener\">Cryptocurrency News: Bitcoin Up 14.3%, Ether Up 26.4% In 5 Days: What&#8217;s Driving Them?<\/a><\/div>\n<\/li>\n<\/ul><\/div><\/div>\n<div class=\"notification-outerblock clearfix\" id=\"notification-articleblock\">\n<p>\nFor investment related articles, business news and mutual fund advise\n<\/p>\n<div class=\"notifications-block clearfix\">\n<p>\n        Allow Notifications <i class=\"bell-icons\" \/>\n    <\/p>\n<p>\n        You have already subscribed <i class=\"tick-icons\" \/>\n    <\/p>\n<\/div>\n<\/div>\n<p>Story first published: Saturday, July 30, 2022, 12:21 [IST]<\/p>\n<\/p><\/div>\n<p>!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?<br \/>\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;<br \/>\nn.push=n;n.loaded=!0;n.version=&#8217;2.0&#8242;;n.queue=[];t=b.createElement(e);t.async=!0;<br \/>\nt.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,<br \/>\ndocument,&#8217;script&#8217;,&#8217;https:\/\/connect.facebook.net\/en_US\/fbevents.js&#8217;);<br \/>\nfbq(&#8216;init&#8217;, &#8216;407111549682023&#8217;);<\/p>\n<p>fbq(&#8216;track&#8217;, &#8216;PageView&#8217;);<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.goodreturns.in\/news\/bitcoin-and-other-altcoins-gain-for-second-week-major-cryptos-face-pressure-now-1257195.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business oi-Roshni Agarwal | Published: Saturday, July 30, 2022, 12:21 [IST] This is the second consecutive week of gains for most cryptos and altcoins. Largely the gains this week are on the back of in-line rate hike by the Federal Reserve to the tune of 75 basis points. At the time of writing this copy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,50,880,1510,254,650,961,339],"class_list":["post-24420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-bitcoin","tag-cryptos","tag-face","tag-gain","tag-major","tag-pressure","tag-week"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/bitcoingain-4-08-1512731940-1523100373.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24420"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24420\/revisions"}],"predecessor-version":[{"id":24422,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24420\/revisions\/24422"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/24421"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24420"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}