Daily Market Update presented by our @BitcoinSuisseAG #TradingDesk: FTX Asset Liquidation and Upcoming #CPI Report.
12 Sep 2023, 10:31
Daily Market Update presented by our @BitcoinSuisseAG #TradingDesk: FTX Asset Liquidation and Upcoming #CPI Report
š Yesterday, the broader #cryptocurrency market experienced an initial decline, instilling fear in traders due to the potential selling pressure stemming from the bankrupt #FTX exchange.
š Major alts were hit the hardest by concerns surrounding FTX, with notable declines observed in #SOL, #XRP & #MATIC. However, the market has since rebounded.
š U.S. #stocks opened strongly on Monday, led by #Tesla's impressive performance in the #tech and consumer sectors. This helped the S&P 500 and Nasdaq Composite recover from recent losses.
š The #highlight of the week will likely be the release of the August Consumer Price Index (#CPI) report tomorrow at 14:30 PM CET
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