Daily Crypto Market Update - 14.02.2023
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Daily Crypto Market Update - 14.02.2023
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About this listen
Crypto markets continued to trend downward before staging a minor recovery late yesterday. Global equities were also higher as markets took a breather from the recent selloff. The release of the US CPI data later today and retail sales data tomorrow will drive the markets in the near term.
Bitcoin made lows of $21,360 yesterday before recovering to close the day around $21,800. Price action remained rangebound and the cryptocurrency was trading flat early today.
Immediate support for Bitcoin remains at $21,500. A move lower could see the cryptocurrency test the $20,500 level. $22,500 could see some offers on the upside.
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