Steven Zhao
Nov 15, 2022 16:44
The top ten cryptocurrency exchanges had a bullish Monday session. BTC increased for the second time in nine sessions, with XRP taking the lead. Notably, BTC fell below $17,000 for the fourth time since 2020 at the close of the day.
Early on in the day, investor sentiment was still being affected by market anxiety over FTX's downfall.
However, the market quickly recovered after hearing that Binance was introducing a cryptocurrency recovery fund. Fear of a pandemic was reduced by the recovery fund. The crypto market was under $800 billion, which led to a robust buying demand.
The markets, however, will probably require more information to support a consistent recovery of the losses from last week. The NASDAQ Composite Index, which finished the day with a loss of 1.12%, and the crypto market continued to dissociate from one another.
Prior to today's wholesale inflation statistics, the NASDAQ was negatively impacted by the Fed's conflicting policy signals. The NASDAQ Mini gained 36 points this morning.
Nov 14, 2022 16:33
Nov 15, 2022 16:48