U.S. PPI rose to 6.3%, and the IEA released over 20 million barrels of diesel
Macroeconomic news can affect the crypto market. I usually look at it in two steps:
First: The news is somewhat positive, so sentiment has room to recover.
Then: Check whether traditional markets and $BTC have reacted as well. If they move in sync, macro factors are in the driver’s seat; if not, the crypto market’s own dynamics matter more.
$BTC is currently at 81560.85, down 0.63% over 24 hours.
This is not investment advice. Don’t copy it blindly.
Macroeconomic news can affect the crypto market. I usually look at it in two steps:
First: The news is somewhat positive, so sentiment has room to recover.
Then: Check whether traditional markets and $BTC have reacted as well. If they move in sync, macro factors are in the driver’s seat; if not, the crypto market’s own dynamics matter more.
$BTC is currently at 81560.85, down 0.63% over 24 hours.
This is not investment advice. Don’t copy it blindly.