Though the crypto market opened November floating within a consolidative range, prices swiftly rallied last Wednesday, November 2nd, following positive news that primarily impacted the traditional markets, most notably from the FOMC.
Though the U.S. Fed announced the expected interest rate increase of 75 basis points, Fed Chairperson Jerome Powel underlined that the “ultimate level of rates will be higher than previously expected”.
The news initially caused a volatile reaction, however the markets soon came to a consensus that the development could be positively construed, which was reflected in the short term despite the reccurence of a wave of downturns on Saturday, November 5th.
With digital asset prices currently taking a nosedive, there is one question on everyone’s lips: have we seen the full extent of the recovery, or will it yet continue?
In order to tackle that question, in this weekly crypto market overview, Bitcoin’s fundamentals, as well as the charts
We współpracy z: https://dailycoin.com/crypto-market-overview-what-can-we-expect-this-week/
