Why is the crypto market up today?

Why is the crypto market up today?


The crypto market is up today and Bitcoin (BTC) price jumped up 3.1% on Nov. 15 reaching $17,171, as confidence briefly returns to the global macro outlook with a lower-than-expected producer price index (PPI) print and a cooling U.S. dollar.

Crypto and equities markets responded to PPI data which showed wholesale prices rose 0.2% for the month and 8% from a year ago. This is less than the expected 0.4% monthly estimate and the previous month’s 8.4% yearly increase. The news sent the Nasdaq up 2.5% and the S&P 500 up 1.4%.

FTX’s recent bankruptcy triggered an incredible amount of volatility, but Bitcoin price reacted positively by rallying over $17,000 while traders are warning of a final capitulation yet to come. Let’s examine three major factors influencing

Trending: Dr. Ryan Cole Says OB/GYN’s Are Sending Him Placentas From Vaxxed Mothers to Examine (And It’s Bad!)

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend