Today in Markets

Crypto's Volatile Surge

Is crypto headed for all-time highs?
Jack Inabinet Jack Inabinet Feb 17, 20241 min read
market analysis Crypto's Volatile Surge

Volatility voyage. Crypto markets were strong on the week, with Bitcoin’s close just shy of $52k representing a weekly gain of 10% and a total gain of nearly 35% since the January bottom three and a half weeks ago. What events impacted prices this week?

Risk markets have been rising throughout 2024 on expectations that imminent rate cuts will provide further fuel for risk assets, but hot inflation prints in Tuesday’s consumer price index (CPI) data and Friday’s producer price index (PPI) data called into question whether such cuts can come into effect as soon as the market had priced in, if at all.

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Jack Inabinet

Written by Jack Inabinet

245 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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