Daily Crypto Market Update - 15.02.2023
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Daily Crypto Market Update - 15.02.2023
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About this listen
Crypto markets continued to recover yesterday as markets gained further clarity over the short term macroeconomic picture after the US CPI release. Although month on month inflation showed a substantial increase, crypto markets remained relatively risk-on while global equities were flat.
Bitcoin traded from lows of $21,550 yesterday to highs of $22,350 post data release. The cryptocurrency closed the day at $22,200 and was trading flat at the time of publication.
Although markets recovered yesterday, the near term bias remains bearish and we could see sellers emerging for Bitcoin at $22,500. We could see some bids in the market at $21,500.
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