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Crypto Market News Today Highlights :(17 February 2023): By market capitalization, the most prominent digital asset is recently trading at $23,795, down 3.65% over the previous day and much below its high of the day, above $25,100. Since August, BTC had not crossed that threshold, and it did so at that point, signalling growing optimism about inflation and the state of the economy.
However, both appeared to disappear within a short period as January’s Producer Price Index (PPI) unexpectedly increased by 0.7% month over month, suggesting that the U.S. central bank’s monetary policy had not yet been successful in containing price increases that have plagued the economy for over an year. As a result, other altcoins, including Ethereum, are down by 1.87% to $1,660 and Binance by 4.00% to $309!
Crypto Market News Today Highlights
The post Crypto Market News Today highlights 17 Feb: Bitcoin and other altcoins are again facing downward momentum! appeared first on CoinGape.
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