Why is the crypto market up today?

Cointelegraph

Published Oct 31, 2022 10:29AM ET

Updated Nov 01, 2022 12:20PM ET

Bitcoin (BTC) has hit six-week highs and held onto its gains since — is it the start of a trend change?

After passing $21,000 twice over the past week, BTC/USD is still lingering near the top of its multimonth trading range.

Crypto market cap chart. Source: CoinMarketCap
Fed target rate probabilities chart. Source: CME Group (NASDAQ:CME)
BTC/USD 1-day candle chart (Bitstamp) with Bollinger Bands. Source: TradingView
Bitcoin historical volatility index (BVOL) 1-week candle chart. Source: TradingView
BTC/XAU correlation chart. Source: Barchart/Twitter

Continue Reading on Coin Telegraph