HomeUncategorizedWhy is the crypto market up today? By Cointelegraph

Why is the crypto market up today? By Cointelegraph

January 9, 2023

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The crypto market is up today and (BTC), Ether (ETH), (SOL) and other altcoins are rallying in anticipation of fresh United States economic data this week.

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

Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD hitting its highest since Dec. 16, 2022.

Manufacturing overview. Source: ISM
1-day candle chart (Binance). Source: TradingView
Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
S&P 500 futures 1-day annotated chart. Source: Henrik Zeberg/ Twitter
Cast your vote now
(DXY) 1-day candle chart. Source: TradingView
U.S. dollar index (DXY) annotated chart. Source: Caleb Franzen/ Twitter