First Mover Asia: Crypto Prices Rise on Better-Than-Expected U.S. Inflation News

Posted on by American Coins & Gold

First Mover Asia: Crypto Prices Rise on Better-Than-Expected U.S. Inflation News
Good morning. Here’s what’s happening:Market moves: Bitcoin rose to its highest point in a week; most of the leading altcoins also saw increases. Technician’s take: BTC’s sell-off appears exhausted as buyers attempt to reverse a short-term downtrend.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $43,907 +2.5%Ether (ETH): $3,369 +3.7%MarketsS&P 500: $4,726 +0.2%DJIA: $36,290 +0.1%Nasdaq: $15,188 +0.2%Gold: $1,826 0.2%Market movesBitcoin (BTC) rose to its highest price in a week, recovering somewhat after last week’s abysmal start to the year.At the time of publication, the largest cryptocurrency was changing hands around $43,900, after…