{"id":16411,"date":"2023-01-18T16:08:42","date_gmt":"2023-01-18T16:08:42","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/18\/bitcoin-now-at-its-pre-ftx-collapse-level\/"},"modified":"2023-01-18T16:08:42","modified_gmt":"2023-01-18T16:08:42","slug":"bitcoin-now-at-its-pre-ftx-collapse-level","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/18\/bitcoin-now-at-its-pre-ftx-collapse-level\/","title":{"rendered":"Bitcoin now at its pre-FTX collapse level"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674055328187-fdbbeef1-b1ad-42d8-a5db-569705887628-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674055328187-fdbbeef1-b1ad-42d8-a5db-569705887628-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674055328187-fdbbeef1-b1ad-42d8-a5db-569705887628-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674055328187-fdbbeef1-b1ad-42d8-a5db-569705887628-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1674055328187-fdbbeef1-b1ad-42d8-a5db-569705887628.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>At press time, bitcoin (BTC) was buying and selling at $21,507.97.<\/li>\n<li>Bitcoin worth has surpassed the place it stood on November 5 simply previous to the FTX collapse.<\/li>\n<li>It now stands at its highest worth since mid-September final yr.<\/li>\n<\/ul>\n<p>2022 was positively not an excellent yr for crypto and particularly for <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">bitcoin (BTC)<\/a> which was buying and selling under $20K for fairly some time earlier than the yr\u2019s finish. Bitcoin had plunged all the best way all the way down to about $15,000 in wake of the <a href=\"https:\/\/coinjournal.net\/news\/this-week-in-crypto-ftx-files-for-chapter-11-bankruptcy\/\">FTX collapse<\/a> earlier than making an attempt a comeback that noticed it caught near $16,500 for a number of weeks earlier than embarking on this present rally because the starting of 2023.<\/p>\n<p>Bitcoin has now corrected the worth dip that was attributable to the most recent crypto misfortune, the FTX collapse that happened at the start of November. Early this morning, the worth of bitcoin surged to a each day excessive of $21,564.50 earlier than barely pulling again to $21,507.97 at the time of writing.<\/p>\n<h2>What is behind right now\u2019s BTC worth surge?<\/h2>\n<p>While the final cryptocurrency market is on a bullish trajectory, right now\u2019s sudden surge in <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">bitcoin price<\/a> is basically attributed to this morning\u2019s larger-than-expected lower within the Producer Price Index (PPI) for the simply concluded month of December. The retail gross sales in December additionally dropped method under their forecast.<\/p>\n<p>December\u2019s PPI dropped by about 0.5% bringing the year-to-year fee down from 7.3% to six.2%. The year-over-year fee dropped by about 5.5% in opposition to a forecast of a drop of 5.7%.<\/p>\n<p>On the opposite hand, December retail gross sales dropped by 1.1% in opposition to a forecast drop of 0.8%. Combined with the decline in November, this marks the primary time retail gross sales have dropped back-to-back by greater than 1% put up the pandemic.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-now-at-its-pre-ftx-collapse-level\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] At press time, bitcoin (BTC) was buying and selling at $21,507.97. Bitcoin worth has surpassed the place it stood on November 5 simply previous to the FTX collapse. It now stands at its highest worth since mid-September final yr. 2022 was positively not an excellent yr for crypto and particularly for bitcoin (BTC) which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,1037,116,5827],"class_list":["post-16411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-collapse","tag-level","tag-preftx","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/16411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=16411"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/16411\/revisions"}],"predecessor-version":[{"id":16412,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/16411\/revisions\/16412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/16413"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=16411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=16411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=16411"}],"curies":[{"name":"wp","href":"https:\/\/ap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