After dipping to $80,500 on Sunday, bitcoin rebounded to reach $83,000, its highest since the CPI-induced drop mid-October. The CPI and PPI data released on October 14 and 15 exceeded expectations, causing BTC to drop from over $84,000 to under $80,000 in about 24 hours. A flash crash occurred on Saturday evening, leading analysts to predict a massive selloff on Monday, but this did not materialize as US markets opened in the green. Bitcoin is now up over 1% today with a market cap of $1.660 trillion, representing over 60% dominance in the total crypto market valued at $2.760 trillion.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
