The second session for cryptocurrencies ended with a positive result, trading volumes increased by 3% in 2 days, despite the situation, associated with the collapse of the FTX crypto exchange.
The impetus for the resumption of the acquisition of digital assets for investors was a number of certain factors that raised the value of stock shares.
At the end of the day on November 14, 2022, the Fed Vice-Chairman announced the goals of the US financial regulator to reduce the pace of monetary policy tightening due to a decrease in the inflation trend. 11/15/2022, the producer price index in America was published, confirming the decline in inflation.
The increase in the Fed rate was the main reason for the formation of the crypto winter 2022. Accordingly, a decrease in the rate will have a positive effect on the elimination of the crisis. Despite the 2-day gain, crypto trading volumes have not consolidated above $850 billion, creating a double top, a pattern that predicts a market reversal, characterized by a possible decline, associated with bankruptcies, in particular the collapse of FTX.
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