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Price Point

Bitcoin (BTC) has gained ground since dropping to $18,100 Thursday after the Consumer Price Index (CPI) data was released. The cryptocurrency was recently trading at around $19,600, up just over 5% on the day.

Ether (ETH) gained 6% on the day, while Quant Networkrs token surged 20%. The question is whether bitcoin and the rest of the crypto market can sustain Fridayrs rebound.

As investors awaited earnings reports from major banks Citigroup, Morgan Stanley and JPMorgan Chase, U.S. equity futures wavered. Stocks turned sharply higher Thursday, after major indexes spent most of the morning deep in negative territory.

CoinDesk Market Index

Biggest Gainers

Asset Ticker Returns DACS Sector Ribbon Finance RBN +6.52% DeFi Chain XCN +3.42% Currency PAX Gold PAXG +0.2% DeFi

Biggest Losers

Asset Ticker Returns DACS Sector STEPN GMT -13.61% Culture a Entertainment Chiliz CHZ -11.87% Culture a Entertainment Kyber Network Crystal KNC -11.82% DeFi

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 Continues

By Omkar Godbole

The weekly chart shows a technical pattern similar to one seen before the bull revival of April 2019. (Source: TradingView)