First Mover Americas: Meta’s Instagram Move Boosts Web3 Tokens

The latest price moves in crypto markets in context for Nov. 3, 2022.

Nov 3, 2022 at 4:01 p.m. UTC

Updated Nov 14, 2022 at 6:18 p.m. UTC

CDCROP: WEB3 — (Just_Super/Getty Images)

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Follow @LedesmaLyllah on Twitter

Omkar Godbole

Omkar Godbole was a senior reporter on CoinDesk's Markets team.

Follow @godbole17 on Twitter

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

Latest Prices

CoinDesk Market Index (CMI)

1,018.17 −0.5 0.0

Bitcoin (BTC)

$20,272 −158.2 0.8

Ethereum (ETH)

$1,544 −16.6 1.1

S&P 500 daily close

3,734.61 −25.1 0.7

Gold

$1,630 −15.3 0.9

Treasury Yield 10 Years

4.15 0.1

BTC/ETH prices per CoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET

Chart of the Day: The Layer 2 Surge

Adoption of layer 2 blockchains, led by Ethereum, has recently soared, with the number of transactions processed by these platforms reaching a record high of 5.78 million.
The data from Orbiter.Finance, shown above, measures the number of transactions processed by layer 2 networks over the past 12 months.
Networks like Arbitrum and Optimism promise fast, scalable and secure networks, as well as a cheaper option, compared with Ethereum's main network.

– Omkar Godbole

CoinDesk Market Index

Biggest Gainers

Asset	Ticker	Returns	DACS Sector
Render Token	RNDR	+5.96%	Computing
Ribbon Finance	RBN	+5.64%	DeFi
Balancer	BAL	+4.29%	DeFi

Biggest Losers

Asset	Ticker	Returns	DACS Sector
Band Protocol	BAND	-35.03%	Computing
Arweave	AR	-33.78%	Computing
Gitcoin	GTC	-30.7%	Currency

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.

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