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Prices are relatively flat across the board following a tumultuous week of discouraging economic indicators. Market Wrap is CryptoX’s daily newsletter diving into what happened in today's crypto markets. Source
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BTC was holding around $19,300, even as traditional markets lost steam following the release of third-quarter company earnings reports. Original Source
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Therefore, the bounce in both equities and bitcoin could be fleeting. The Fed has raised rates by 300 basis points this year, yet core inflation, which strips out the volatile food and energy component, rose to a 40-year high in September. However, the so-called liquidity tightening has wrecked risk assets,
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Deribit faces missing today's expiry, but said it would "manually adjust" late contracts to reflect the expiry time. Source
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Stocks saw their most significant drop since March after hitting record valuations. The tech-heavy Nasdaq dropped over 5%, making a big gap lower. The last two times this happened, the index ended up dropping at least 30%. Sure, history may not exactly repeat itself, but it does rhyme. So when there are big
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Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve increases.Also read: Spain’s Lawmakers Plan to Provide
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