This Tuesday, November 10, Bitcoin is hovering around $74,500 to $75,000, virtually unchanged over 24 hours, while Ethereum is around $2,100 to $2,135, performing somewhat worse than Bitcoin.
The backdrop is a cautious crypto market: the Fear and Greed Index is at 32, so it is still in fear territory, and U.S. Ethereum ETFs saw around $185 million in net outflows yesterday. That contrasts with U.S. stocks, which climbed strongly, with the Nasdaq gaining more than 2%.
The key event to watch today is the U.S. inflation report, the CPI, which everyone is waiting for before taking a position. #CPITestsDecemberRateOutlook #BinnanceSquare $ETH $BTC
The backdrop is a cautious crypto market: the Fear and Greed Index is at 32, so it is still in fear territory, and U.S. Ethereum ETFs saw around $185 million in net outflows yesterday. That contrasts with U.S. stocks, which climbed strongly, with the Nasdaq gaining more than 2%.
The key event to watch today is the U.S. inflation report, the CPI, which everyone is waiting for before taking a position. #CPITestsDecemberRateOutlook #BinnanceSquare $ETH $BTC
