Bitcoin
Bitcoin (BTC)
$88,751.00 -4.34875
Bitcoin price
Ethereum
Ethereum (ETH)
$3,079.32 -7.48665
Ethereum price
BNB
BNB (BNB)
$625.21 -0.784
BNB price
Solana
Solana (SOL)
$210.22 -2.98079
Solana price
XRP
XRP (XRP)
$0.707223 -1.03821
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000245 -9.39505
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000205 8.42978
Pepe price
Bonk
Bonk (BONK)
$0.0000364 -3.64236
Bonk price
dogwifhat
dogwifhat (WIF)
$3.82 2.00648
dogwifhat price
Popcat
Popcat (POPCAT)
$1.74 5.07055
Popcat price
Bitcoin
Bitcoin (BTC)
$88,751.00 -4.34875
Bitcoin price
Ethereum
Ethereum (ETH)
$3,079.32 -7.48665
Ethereum price
BNB
BNB (BNB)
$625.21 -0.784
BNB price
Solana
Solana (SOL)
$210.22 -2.98079
Solana price
XRP
XRP (XRP)
$0.707223 -1.03821
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000245 -9.39505
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000205 8.42978
Pepe price
Bonk
Bonk (BONK)
$0.0000364 -3.64236
Bonk price
dogwifhat
dogwifhat (WIF)
$3.82 2.00648
dogwifhat price
Popcat
Popcat (POPCAT)
$1.74 5.07055
Popcat price
Bitcoin
Bitcoin (BTC)
$88,751.00 -4.34875
Bitcoin price
Ethereum
Ethereum (ETH)
$3,079.32 -7.48665
Ethereum price
BNB
BNB (BNB)
$625.21 -0.784
BNB price
Solana
Solana (SOL)
$210.22 -2.98079
Solana price
XRP
XRP (XRP)
$0.707223 -1.03821
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000245 -9.39505
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000205 8.42978
Pepe price
Bonk
Bonk (BONK)
$0.0000364 -3.64236
Bonk price
dogwifhat
dogwifhat (WIF)
$3.82 2.00648
dogwifhat price
Popcat
Popcat (POPCAT)
$1.74 5.07055
Popcat price
Bitcoin
Bitcoin (BTC)
$88,751.00 -4.34875
Bitcoin price
Ethereum
Ethereum (ETH)
$3,079.32 -7.48665
Ethereum price
BNB
BNB (BNB)
$625.21 -0.784
BNB price
Solana
Solana (SOL)
$210.22 -2.98079
Solana price
XRP
XRP (XRP)
$0.707223 -1.03821
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000245 -9.39505
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000205 8.42978
Pepe price
Bonk
Bonk (BONK)
$0.0000364 -3.64236
Bonk price
dogwifhat
dogwifhat (WIF)
$3.82 2.00648
dogwifhat price
Popcat
Popcat (POPCAT)
$1.74 5.07055
Popcat price

Bitcoin surpassed $93k after CPI report; here are 2 more macro events to watch

bitcoin-surpassed-93k-after-cpi-report-here-are-2-more-macro-events-to-watch
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News
Bitcoin surpassed $93k after CPI report; here are 2 more macro events to watch

Bitcoin made an impressive run after the U.S. Consumer Price Index report came as expected. But two more key events could add to the positive sentiment this week.

Bitcoin (BTC) reached a new all-time high of over $93,400 hours after the U.S. CPI report was released on Wednesday. The inflation rate in the largest economy in the world increased by 0.2% year-over-year in October and reached 2.6% as expected.

https://twitter.com/Ashcryptoreal/status/1856691159944368253

The global crypto market cap also surged close to the $3.2 trillion mark before declining to $3.11 trillion again, data from CoinGecko shows. However, the total trading volume decreased by 5%, hovering at $400 billion.

Here are two more macro reports to keep an eye on this week:

US Producer Price Index

The U.S. Producer Price Index report is scheduled to be released today, according to Investing.com. As the CPI increased, the PPI is also expected to have risen from 1.8% in September to 2.3% in October, according to Investing.com data.

Why is the PPI important? 

The PPI is also directly related to the country’s inflation rate as it shows the domestic producers’ output price changes. In simple terms, if the production costs increase, the consumer would also have to pay more to receive the products.

US Retail Sales

The U.S. retail sales data will be released on Friday, Nov. 15. Moreover, the Censors Bureau’s retail report could hint at consumer spending trends, excluding food-related costs.

Investing.com data expects a slight decline in total retail sales in the U.S. — anticipating a fall from 0.4% to 0.3% over the last two months.

A drop in retail sales could suggest increasing fears of a recession as consumer spending is anticipated to slip. This could negatively impact financial markets, including cryptocurrencies.