🔷 CryptoDigest #4: BTC at $62K, FBI seized $1 .2 billion
The week was dominated by fear. Here’s what stood out to me.
1️⃣ $BTC fell to $62K, down 15% for the week. Nearly $2 billion in liquidations in 24 hours, with about $1 billion flowing out of ETFs.
2️⃣ US inflation for October came in at 0.4%, against a forecast of 0.3%. A third consecutive hotter-than-expected report. A Fed rate hike in December is almost fully priced in.
3️⃣ The FBI seized or blocked more than $1 .2 billion stolen from Binance. More than $2.7 billion has been frozen. The hackers are linked to North Korea.
4️⃣ $ETH below $2,000, down 20%. About $400 million flowed out of ether ETFs.
5️⃣ Russia is opening retail trading in BTC, ETH, and USDT starting November 17. With limits.
Bottom line: macro factors and ETF flows are putting pressure on the market, not headlines. What happens next?
We’re waiting for the Fed on December 8 and 9.
Which news story mattered most to you? 👇
#CryptoRay #BTC
The week was dominated by fear. Here’s what stood out to me.
1️⃣ $BTC fell to $62K, down 15% for the week. Nearly $2 billion in liquidations in 24 hours, with about $1 billion flowing out of ETFs.
2️⃣ US inflation for October came in at 0.4%, against a forecast of 0.3%. A third consecutive hotter-than-expected report. A Fed rate hike in December is almost fully priced in.
3️⃣ The FBI seized or blocked more than $1 .2 billion stolen from Binance. More than $2.7 billion has been frozen. The hackers are linked to North Korea.
4️⃣ $ETH below $2,000, down 20%. About $400 million flowed out of ether ETFs.
5️⃣ Russia is opening retail trading in BTC, ETH, and USDT starting November 17. With limits.
Bottom line: macro factors and ETF flows are putting pressure on the market, not headlines. What happens next?
We’re waiting for the Fed on December 8 and 9.
Which news story mattered most to you? 👇
#CryptoRay #BTC
