The global criptocurrency market cap went up 2.2% to $859.6 billion at 7: 14 p.m. EST on Thursday evening.
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On Thursday, the shares ofBitcoin andEthereum went up. The S&P 500 and Nasdaq were 0.75% and 1.1% higher. The U.S. stock futures were flat at the time of writing.
The Producer Price Index PPI is due Friday, and Consumer Price Index CPI data is due Tuesday. While PPI measures wholesale inflation, CPI is a measure of price movement in goods and services purchased by households.
The FOMC decision and key pricing data won't change until we get past some key pricing data, meaning thatbitcoin seems stuck in a snooper around the $17,000 level. Edward Moya, a senior market analyst with OANDA said that the coins haven't had any new developments stemming from the FTX collapse.
Micha l van de Poppe said he expects continuation forBitcoin as long as we stay above the $17,000 mark.
There was a good response onEthereum, as stated by the trader. Van De Poppe said on Twitter: Have been waiting for this area to give some relief, we've got it and we're facing resistance. If we keep on making higher lows, I think we'll test areas around $1,450. A total of $213 billion realized loss was locked in by Bitcoin investors over the last year according to Glassnode, an on-chain analysis firm.
This compares to the $455 billion realized in the 2020 -- 21 bull. This reflects a relative capital loss of 47% of the bull market gains, similar to the 2018 cycle. Chartist Ali Martinez said 33 whales holding between 1,000 and 100,000 BTC had left the network and redistributed 20,000 BTC $344.34 million in the last 96 hours.
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