The crypto market and Bitcoin trend over the past few days have been entirely unexpected. The market is feeling the heat from the bears as most of the crypto assets took to the south. Moreover, the FTX crisis has increasingly brought a different contagious negative performance in the space. Related Reading: Bitcoin On-Chain Data: Selling From Whales Holding 1k+ BTC Behind Crash Bitcoin had a complicated swing as the token dropped from its critical level of $20K. The price of BTC has dipped to around $16K region. The entire situation and unfolding of events are creating more fear and doubts for most participants in the crypto industry. However, the primary crypto asset has shown signs of revival during some minutes in today’s trading hours. The US Bureau of Labor Statistics has just released the latest report on the inflation rate in the country. Unfortunately, the data for the Consumer Price Index for October is out. CPI Data Beats Expectations, Bitcoin Stays In Recovery Mode According to the data, CPI for October reads 7.7%, indicating an in ..
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