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Deere & Co. Q2 earnings as global cryptos dip

On August 19, 2022, before the market opens, Deere & Company is anticipated to release its earnings. The report will cover the accounting quarter that ends in July 2022. 

The consensus EPS forecast for the quarter is $6.62 and is based on analysts’ predictions. For the same quarter last year, the reported EPS was $5.32.

Meanwhile, prices of cryptocurrencies remained on a decline for the majority of top cryptos, including Bitcoin (BTC) and Ethereum (ETH). 

On August 19, they are still trading in the negative while the market cap of all cryptocurrencies fell by 5.92% to $1.05 trillion from the previous day. 

The total volume of the cryptocurrency market increased over the past day by 5.97%, reaching $72.83 billion.

  • Bitcoin Plunges By Over 6% To $21,969, 
  • Ether Fell By 5.4% 
  • Altcoins Down Over 3%

During a brief period of time in the early hours of Europe, Bitcoin dropped as much as 7.7%, to $21,404. Despite a slight recovery, it last stood at $21,969. It currently has a $421.8 billion market value.

In the past 24 hours, the total crypto market volume decreased by 9.68% to $65.03 billion, and the global crypto market capitalization fell by 3.19% to $1.09 trillion.

Other Altcoins also showed a decline including Ripple has launched crypto-enabled enterprise payments in Brazil with Travelex Bank. This is how they under-performed;

Ripple XRP

The price dropped by 3.40% to $0.3616, while the market cap fell by 3.40% to $17.8 billion and the trading volume dropped by 15.07% to $1.03 billion.

Solana (SOL)

Price dropped 76.27 percent to $38.35. Its trading volume fell by 18.88% to $1.08 billion, and its market cap dropped by 6.27% to $13.3 billion.

Cardano (ADA)

The price fell by 7.95% to $0.4944. Market capitalization dropped by 7.95% to $16.6 billion, and trading volume dropped by 17.19% to $791.7 million.

Dogecoin (DOGE)

The price fell 8.69% to $0.07391, the market capitalization dropped 8.69% to $9.8 billion, and the trading volume dropped 14.95% to $756.2 million.

Shiba Inu (SHIB)

Trading at $0.0000132, the price fell by 11.49%. Market capitalization dropped by 11.49% to $7.2 billion, and trading volume dropped by 34.10% to $663.2 million.

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Author

  • Zahari Rangelov

    Zahari Rangelov is an experienced professional Forex trader and trading mentor with knowledge in technical and fundamental analysis, medium-term trading strategies, risk management and diversification. He has been involved in the foreign exchange markets since 2005, when he opened his first live account in 2007. Currently, Zahari is the Head of Sales & Business Development at TraderFactor's London branch. He provides lectures during webinars and seminars for traders on topics such as; Psychology of market participants’ moods, Investments & speculation with different financial instruments and Automated Expert Advisors & signal providers. Zahari’s success lies in his application of research-backed techniques and practices that have helped him become a successful forex trader, a mentor to many traders, and a respected authority figure within the trading community.