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 Bitcoin friendly PPI data boosts bulls as Ether price fights for 2K

Bitcoin friendly PPI data boosts bulls as Ether price fights for 2K


Published: 2023-04-13


1. Main topics of the article: - Positive PPI (Producer Price Index) data boosts Bitcoin's bullish market sentiment - Ethereum (ETH) struggles to maintain $2000 price point - Growing concerns regarding the crackdown on crypto mining in China. Topic 1: Positive PPI data boosts Bitcoin's bullish market sentiment The article highlights that recent PPI data indicates that the producers' price index in the U.S. has jumped 6.6% higher than the previous year. This has led to a very bullish market sentiment for Bitcoin as it is viewed as a potential inflation hedge. While Bitcoin price has shown good momentum over the past week,there has been some significant resistance at the $40,000 mark. This may require more bullish news or development in the market to push past that resistance level. Topic 2: Ethereum (ETH) struggles to maintain $2000 price point The article notes that Ether has been struggling to maintain the $2000 price level,with the crypto down approximately 50% from its all-time high. This may be due to the network's gas fees,which have surged with the rise of activity on different DApps like NFTs in the past few months,making it more expensive to move Ether around on the blockchain. Furthermore,many investors may be looking elsewhere to less expensive alternatives,which is limiting Ethereum's growth in the market. Topic 3: Growing concerns regarding the crackdown on crypto mining in China The article reports the increasing crackdown on crypto mining in China,which is causing some concern in investors about the future of Bitcoin and other cryptocurrencies. Roughly 65% of the world's Bitcoin mining operation takes place in China. The Chinese government has been actively trying to restrict the energy use of crypto mining,which has led to a great deal of uncertainty on the sustainability of crypto mining operations in the country. This factor could negatively impact the crypto market in the long-term,with many miners considering moving their operations to other countries in response to the regulatory restrictions.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,111.99 1,914,640,418.05
2 ARS title=ARS 1,092.80 1,297,781,927.10
3 ETH title=ETH 3,064.55 1,033,109,281.11
4 SOL title=SOL 166.97 689,979,231.45
5 PEPE title=PEPE <0.01 354,968,003.82
6 LINK title=LINK 16.19 201,402,257.98
7 XRP title=XRP 0.52 165,132,425.99
8 WIF title=WIF 2.87 153,329,607.81
9 DOGE title=DOGE 0.15 153,165,888.96
10 RUNE title=RUNE 6.94 152,768,172.11
11 BOME title=BOME 0.01 149,316,865.72
12 NEAR title=NEAR 8.08 145,469,270.46
13 PEOPLE title=PEOPLE 0.05 139,092,188.79
14 FLOKI title=FLOKI <0.01 112,728,356.17
15 FTM title=FTM 0.80 109,437,239.09
16 ENA title=ENA 0.72 92,807,380.12
17 RNDR title=RNDR 10.06 75,585,418.64
18 AVAX title=AVAX 36.71 73,979,274.59
19 JTO title=JTO 4.54 67,431,379.36
20 AR title=AR 48.60 62,370,728.13
21 WLD title=WLD 4.88 59,242,142.59
22 ADA title=ADA 0.48 56,156,236.89
23 SUI title=SUI 1.04 54,275,756.47
24 BONK title=BONK <0.01 49,168,736.69
25 ETHFI title=ETHFI 3.42 48,838,264.68
26 OP title=OP 2.57 48,649,416.86
27 ICP title=ICP 12.83 46,500,455.70
28 AEVO title=AEVO 0.83 38,832,934.15

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 66.91 +45.49
2 Chainlink title=LINK 16.19 +17.01
3 Lido DAO title=LDO 1.79 +14.85
4 Biconomy title=BICO 0.52 +11.13
5 Pendle title=PENDLE 4.79 +11.11
6 SSV Network title=SSV 39.76 +10.69
7 Loom Network (NEW) title=LOOM 0.09 +9.73
8 Vulcan Forged title=PYR 4.61 +8.76
9 Dusk title=DUSK 0.33 +8.40
10 Arweave title=AR 48.60 +8.29
11 Omni Network title=OMNI 15.35 +7.64
12 Chromia title=CHR 0.35 +7.33
13 Reserve Rights title=RSR <0.01 +7.31
14 API3 title=API3 2.55 +6.74
15 Optimism title=OP 2.57 +6.73
16 Polymesh title=POLYX 0.42 +6.51
17 Enjin Coin title=ENJ 0.32 +6.36
18 TrueFi title=TRU 0.12 +6.10
19 Avalanche title=AVAX 36.71 +6.04
20 Cardano title=ADA 0.48 +5.80
21 THORChain title=RUNE 6.94 +5.57
22 0x Protocol title=ZRX 0.53 +5.54
23 Synthetix Network title=SNX 2.69 +5.41
24 Yield Guild Games title=YGG 0.86 +5.40
25 Raydium title=RAY 1.81 +5.29
26 Metis title=METIS 60.99 +5.28
27 Keep3rV1 title=KP3R 78.45 +5.23
28 LTO Network title=LTO 0.19 +5.19
29 Tensor title=TNSR 0.91 +5.14
30 MANTRA title=OM 0.75 +4.97

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Rocket Pool title=RPL 19.49 -4.93
2 Jito title=JTO 4.54 -3.86
3 Bittensor title=TAO 379.70 -3.09
4 Bonk title=BONK <0.01 -2.69
5 iExec RLC title=RLC 3.25 -2.64
6 Manta Network title=MANTA 1.57 -2.43
7 High title=HIGH 4.76 -1.73
8 NEAR Protocol title=NEAR 8.08 -1.25
9 GMX title=GMX 30.14 -1.18
10 Stacks title=STX 2.03 -1.16
11 Sei title=SEI 0.55 -1.13
12 Atlas Aggregator title=ATA 0.17 -1.07
13 BakerySwap title=BAKE 0.28 -1.00
14 Bluzelle title=BLZ 0.36 -0.99
15 Sui title=SUI 1.04 -0.95
16 TROY title=TROY <0.01 -0.95
17 ARK title=ARK 0.83 -0.82
18 Dogecoin title=DOGE 0.15 -0.77
19 DeXe title=DEXE 12.93 -0.76
20 Pixels title=PIXEL 0.36 -0.73
21 MultiversX title=EGLD 40.22 -0.67
22 JasmyCoin title=JASMY 0.02 -0.59
23 TRON title=TRX 0.12 -0.50
24 dogwifhat title=WIF 2.87 -0.48
25 Render title=RNDR 10.06 -0.45
26 Venus title=XVS 9.44 -0.42
27 Beefy title=BIFI 339.90 -0.41
28 Numeraire title=NMR 27.15 -0.40
29 Immutable title=IMX 2.42 -0.40
30 Bitcoin title=BTC 66,111.99 -0.36

Bitcoin's Greed and Fear Index.

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74
Greed

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