Price analysis 4/22: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT By Cointelegraph

Price analysis 4/22: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

Cryptocurrency Apr 23, 2022 06:00PM ET

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Price analysis 4/22: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. The selling has continued on April 22 as investors trim risky assets in expectation of an aggressive stance from central banks to curb surging inflation.

Veteran trader Peter Brandt said in a tweet recently that the Nasdaq 100 (NDX) was showing a formation similar to the one it had made before plunging in the year 2000.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView

ETH/USDT daily chart. Source: TradingView

BNB/USDT daily chart. Source: TradingView

XRP/USDT daily chart. Source: TradingView

SOL/USDT daily chart. Source: TradingView

ADA/USDT daily chart. Source: TradingView

LUNA/USDT daily chart. Source: TradingView

AVAX/USDT daily chart. Source: TradingView

DOGE/USDT daily chart. Source: TradingView

DOT/USDT daily chart. Source: TradingView

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US 30	31,078.0	+302.6	+0.98%
US 500	3,824.4	+39.0	+1.03%
Dow Jones	31,097.26	+321.83	+1.05%
S&P 500	3,825.33	+39.95	+1.06%
Nasdaq	11,127.84	+99.11	+0.90%
S&P 500 VIX	26.70	-2.01	-7.00%
Dollar Index	104.880	+0.416	+0.40%

Crude Oil WTI	108.46	+2.70	+2.55%
Brent Oil	111.48	+2.45	+2.25%
Natural Gas	5.620	+0.196	+3.61%
Gold	1,812.90	+5.60	+0.31%
Silver	19.823	-0.529	-2.60%
Copper	3.6138	-0.0962	-2.59%
US Soybeans	1,510.50	-48.50	-3.11%

SPDR S&P 500	381.24	+3.99	+1.06%
iShares Russell 2000	171.41	+2.05	+1.21%
Invesco QQQ Trust	282.13	+1.85	+0.66%
Direxion Daily Junior Gold Miners Bull 2X Shares	35.44	+1.98	+5.92%
iShares Silver	18.31	-0.33	-1.77%
ProShares Ultra VIX Short-Term Futures	13.99	-0.54	-3.72%
ProShares UltraPro QQQ	24.39	+0.39	+1.62%

Apple	138.93	+2.21	+1.62%
Alphabet A	2,174.75	-4.51	-0.21%
Tesla	681.79	+8.37	+1.24%
Amazon.com	109.56	+3.35	+3.15%
Netflix	179.95	+5.08	+2.90%
Meta Platforms	160.03	-1.22	-0.76%
Bank of America	31.56	+0.43	+1.38%

Price analysis 4/22: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

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