Cryptocurrency markets held steady over the weekend after a good week that has seen Bitcoin up 5.23% and Ethereum up 7.85%. The global crypto market cap sits at $857.66B, a 0.03% increase in the past 24 hours.
Bitcoin is still hovering around $17,000 after a rejection at the $17,400 mark but is still holding this key support despite other risk assets crashing significantly on negative economic news today, with US stock indexes falling between 1.3% and nearly 1.86% as of writing.
Earlier today, the producer price index (PPI) — which measures prices for goods and services before consumers purchase them— came back as 56.5, higher than the predicted 53.5 . This is an increase from October’s reading of 54.4. Meanwhile, the Purchasing Managers’ Index (PMI) has fallen to 46.2 in November after last month's 47.8 reading, while new business activity declined more than it has since May 2020.
Even though this news might not be good for Bitcoin and other cryptocurrencies in the short term, there are still lots of opportunities to invest in digital assets with great potential that have solid foundations. We've found these coins with high potential and created a list of five of the best buys today, December 5: D2T, AXS, IMPT, LTC, and TARO.
For cryptocurrency investors looking for new opportunities that may capitalize on the FTX exchange failure, Dash 2 Trade’s D2T token could be an interesting option. What makes Dash 2 Trade unique is its social insights and community, social indicators, presale analytics tool, strategy backtesting, technical indicators, and social trading features – all of which are best-in-class in the crypto industry.
Dash 2 Trade is on its way to becoming a go-to for both long-term investors and short term traders
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