HomeUncategorizedBTC price wobbles on US PPI as Bitcoin futures open interest hits peak By Cointelegraph

BTC price wobbles on US PPI as Bitcoin futures open interest hits peak By Cointelegraph

October 12, 2022

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BTC price wobbles on US PPI as Bitcoin futures open interest hits peak

(BTC) saw flash volatility into the Oct. 12 Wall Street open as United States economic data began to move markets.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping abruptly below $19,000 as Producer Price Index numbers came in above expectations.

Bitcoin futures open interest chart. Source: Glassnode
(DXY) 1-hour candle chart. Source: TradingView
1-day candle chart. Source: TradingView