Bitcoin (BTC), whose decline has hardened with the FTX crisis, shows a slight recovery before the US Consumer Price Index (CPI) data to be announced today.
According to CoinGecko data, during the week $16,800 Bitcoin, which has fallen to the levels, experienced a slight recovery. 17,500 rose to dollar levels. However, in view of the general situation bitcoincontinues its decline before the critical data that is important for the cryptocurrency market.
In the last 24 hour period 2.9% an up-performing bitcoinat the time the news was written $17,461traded from.
Similar increases were seen in the 10 most valuable cryptocurrencies by market value. Ethereum (ETH) up 3.7% 1,294, Binance Coin (BNB) down 2.4% 269, Ripple (XRP) up 3.6% 0.3659, Cardano (ADA) up 1.4% 0.308, Dogecoin (DOGE) 0.0905 up 1.9%, Polygon (MATIC) up 2.2% 0.902 and Polkadot (DOT) up 0.7% $5.17traded from.
Bitcoin’s total market cap 335 billion dollarsif the total value of the cryptocurrency market 893 billion dollars watching levels.
with Turkey time today 16.30will be announced in November bear US CPI data on an annual basis for an expectation of 7.3% exists.
The latest situation in Bitcoin before the US inflation data
Breaking down the support it has been on for about 5 months, Bitcoin, $15,600 response from the levels $18,150 had risen to levels. If the inflation data to be announced today is positive, Bitcoin will be important. resistance zone 18,500 In case it exceeds expectations while there is a possibility of breaking up 15,600 It is expected to fall below dollar levels.
$18,600 It is thought that the rise of Bitcoin will continue if the levels rise above it again. However, the level that has served as a support for a long time is now a clear as resistance may come out.
- The data contained in the content is definitely not investment advice.