Crypto Update | The Rallies Continue
Crypto continues to roar. In today’s update, we take a look at some of the great moves we have seen on crypto coins within the last 24 hours. Including technical levels, we are watching to give us a further idea that these are continuation confirming.
• US retail sales hit 3% in yesterday’s data, and the core came in at 2.3%
• The increase in US CPI or the retail sales figures hasn’t fazed crypto buyers.
• Bitcoin hit new yearly highs overnight and added over 14% this week.
• Crypto rallied with the USD in Wednesday’s NY session.
• Some traders are calling yesterday a short squeeze as 60.78 million worth of short positions were closed.
Next, we have the US PPI (Friday 12:30 am AEDT). Will we see more of the same capping off a fantastic week for Crypto coins?
Good trading.
Crypto Update Video
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