Why is the crypto market up today?

Cointelegraph

Published Nov 04, 2022 11:22AM ET

Updated Nov 05, 2022 01:20PM ET

Bitcoin (BTC) has jumped to new seven-week highs and confidence is returning over the global macro outlook.

The most definitive charge on $21,000 has seen BTC/USD reach its highest levels since Sep. 13, data from Cointelegraph Markets Pro and TradingView confirms.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
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

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