Bitcoin gets a modest boost out of lower-than-expected U.S. inflation data.
Others were more suspicious of the results in light of such aggressive quantitative tightening measures.in part of Twitter analysis.
“Market rallies on the news, inflation may have peaked but I think the most alarming part is after record QT for almost a year the PPI is still at 8%.”Stocks naturally appreciated the latest economic changes, with the S&P 500 and Nasdaq Composite Index up 1.7% and 2.4%, respectively at the open. The already precarious U.S. dollar index meanwhile felt the pressure, briefly dropping below 105.5 to its lowest levels since mid-August.Bullish divergences meet"final capitulation" riskEdward Snowden says he feels ‘itch to scale back in’ to $16.5K Bitcoin
Nonetheless, for trader and analyst Seth, a fresh bullish divergence on the weekly chart was something to feel confident about. “Bears took credit for the FTX Blackswan. Not many knew 2nd largest Exchange was going Bankrupt!” accompanying Twitter comments
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