Just saw Wu Says repost a CoinShares update: U.S. September CPI was up 3.7% year over year, above the 3.6% forecast, and 0.6% month over month; retail sales rose 0.8%, versus expectations of just 0.3%. CoinShares says $BTC is under short-term pressure, and may stay range-bound and data-driven over the next few weeks.
A quick market update for Friday at 18:30: $BTC 82,076, +1.20% over 24 hours; $ETH 2,455, +3.73%; $SOL 106.16, +3.83%. 19 of 22 coins are up, and the Fear & Greed Index is at 63, in the Greed zone.
In futures: the BTC long/short ratio is 1.57, and ETH's is 2.53; 1h open interest is down 0.17% for one and up 0.02% for the other—nothing much happening. INJ leads the gainers at +30.59%, followed by NEAR at +15.16%. STRK is the only top loser, down 10.66%.
CoinShares says the market may grind sideways for a few weeks, but tonight 19 of 22 coins are broadly up. Are you siding with the data or the market action?
#Binance #BTC #ETH #CryptoNews
A quick market update for Friday at 18:30: $BTC 82,076, +1.20% over 24 hours; $ETH 2,455, +3.73%; $SOL 106.16, +3.83%. 19 of 22 coins are up, and the Fear & Greed Index is at 63, in the Greed zone.
In futures: the BTC long/short ratio is 1.57, and ETH's is 2.53; 1h open interest is down 0.17% for one and up 0.02% for the other—nothing much happening. INJ leads the gainers at +30.59%, followed by NEAR at +15.16%. STRK is the only top loser, down 10.66%.
CoinShares says the market may grind sideways for a few weeks, but tonight 19 of 22 coins are broadly up. Are you siding with the data or the market action?
#Binance #BTC #ETH #CryptoNews