CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

81.96% of retail investor accounts lose money when trading CFDs with this provider.

Crypto Update | The Rallies Continue

Published: 16.02.2023
by Joseph Jeffriess

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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