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Crypto News Today Live Updates December and Latest News: (14 December 2022) The global digital asset market registered a broad recovery on Wednesday morning. The sudden surge in crypto prices can be attributed to the release of the Consumer Price Index (CPI) data for November.
As per reports, the CPI rate has fallen to 7.1% from 7.7% in October. However, the expected CPI data for November was around 7.3%
Crypto News Today Live Updates
SBF Bail Denied Over Fraud Charges
As per reports, A Bahamian judge denied FTX founder Sam Bankman-Fried bail over fraud charges. This comes after US prosecutors accused SBF of misappropriating violating campaign laws and billions of dollars.
Bitcoin Price Up By 3%
Bitcoin (BTC) price rallied over 3% after the inflation data. BTC is trading at an average price of $17,777, at the press time. Its 24 hour trading volume is up by 50% to stand at $26.4 billion.
Crypto Market Records Broad Recovery
The global digital asset market registered a broad recovery on Wednesday morning. The sudden surge in crypto prices can be attributed to the release of the Consumer Price Index (CPI) data for November.
The global digital asset market cap is up by around 3% over the past day. It stands at $870 billion. The cumulative 24-hour trading volume has jumped by 56% to stand at $52.61 billion.
