The broader crypto market remains in a bad state regardless of the few positive movements of some tokens. Even popular tokens like Bitcoin and Ethereum do not give investors any hope. This is evident from their current prices of $19,005 and $1,282, respectively, according to data from CoinMarketCap.
Multiple factors are backing up the present state of the crypto market. One is the Fed’s quantitative tightening in the Q2 of 2022. While investors have that to contend with, the negative Consumer Price Index (CPI) value released in September has also affected the market.
Related Reading: Bitcoin Supply In Profit Continues Decline, But Still Not At Historical Bottom Zone
However, the market’s bearish trend may not last long, depending on the upcoming data release. This is particularly true considering the anticipated Consumer Price Index to be released on Thursday.
But while the crypto maintains a be ..
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