Funding Rates Hit a 6-Month High Ahead of the CPI - 5 Things to Know About Bitcoin This Week

Signs market optimism is soaring on its own ahead of U.S. midterm elections and major economic data.

Funding rates hit 6-month high before CPI — 5 things to know in Bitcoin this week Market news

Bitcoin (BTC) begins the second week of November battling a familiar FUD – how will BTC price action react?

The biggest cryptocurrency managed a weekly close just below $21,000 on November 6, an impressive multi-week high, but remains fixed in a sticky trading range.

Despite highs near $21,500 over the past week, there is still no catalyst capable of breaking the market status quo, but the week ahead is as likely as any. what else to do.

Nov. On October 10, key US inflation data will be released, while unemployment insurance claims and multiple speeches from Federal Reserve officials could also impact volatility in risk assets.

An unexpected twist from inside the crypto realm comes in the form of a turmoil involving the FTX exchange, Alameda Research, and Binance.

Liquidity concerns have intensified as Binance CEO Changpeng Zhao reveals a plan to sell its platform's entire stash of FTX's proprietary token, FTT.

Bitcoin reacted in line with market sentiment overnight, but going forward, will the debacle prove more than classic FUD crypto?

Cointelegraph takes a look at some of the major factors likely to influence BTC price action in the coming days.

FTX concerns disrupt weekly close

While falling into the weekly close, BTC/USD still managed to post its highest weekly close since mid-September.

Data from Cointelegraph Markets Pro and TradingView shows that the week to November 6 is capped at $20,900 on Bitstamp.

Funding Rates Hit a 6-Month High Ahead of the CPI - 5 Things to Know About Bitcoin This Week

Signs market optimism is soaring on its own ahead of U.S. midterm elections and major economic data.

Funding rates hit 6-month high before CPI — 5 things to know in Bitcoin this week Market news

Bitcoin (BTC) begins the second week of November battling a familiar FUD – how will BTC price action react?

The biggest cryptocurrency managed a weekly close just below $21,000 on November 6, an impressive multi-week high, but remains fixed in a sticky trading range.

Despite highs near $21,500 over the past week, there is still no catalyst capable of breaking the market status quo, but the week ahead is as likely as any. what else to do.

Nov. On October 10, key US inflation data will be released, while unemployment insurance claims and multiple speeches from Federal Reserve officials could also impact volatility in risk assets.

An unexpected twist from inside the crypto realm comes in the form of a turmoil involving the FTX exchange, Alameda Research, and Binance.

Liquidity concerns have intensified as Binance CEO Changpeng Zhao reveals a plan to sell its platform's entire stash of FTX's proprietary token, FTT.

Bitcoin reacted in line with market sentiment overnight, but going forward, will the debacle prove more than classic FUD crypto?

Cointelegraph takes a look at some of the major factors likely to influence BTC price action in the coming days.

FTX concerns disrupt weekly close

While falling into the weekly close, BTC/USD still managed to post its highest weekly close since mid-September.

Data from Cointelegraph Markets Pro and TradingView shows that the week to November 6 is capped at $20,900 on Bitstamp.

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