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Bitcoin Liquidity Near $17k As US Dollar Shows Weakness Before CPI

Photo of news7d news7d12/08/2022
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BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB by Cointelegraph



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(BTC) hovered below $17,000 on the 8th of December Wall Street opened as the US dollar threatened to weaken further.

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

Data from Cointelegraph professional market and Transaction view BTC/USD is virtually unchanged in the 24 hours to press time.

(DXY) 1-hour candlestick chart. Source: TradingView
The chart is annotated BTC/USD. Source: Daan Crypto Trades/ Twitter
Bitcoin futures open interest chart. Source: Coins