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Crypto Markets Rally, Bitcoin Price at $17k, Ripple, NEM, and PPI Show Positive Signals

Daily Market Update 11/15: BTC is currently trading around 17k and ETH around 1.3k. Notable gainers in the last 24 hours are KAVA, XRP, and SNX

Risk markets are rallying behind a better-than-expected US PPI reading that showed another positive signal toward decelerating inflation. Global equities are rallying, with riskier segments like the tech-heavy NASDAQ outperforming

.@nytimes interviewed @SBF_FTX releasing a sharply criticized ‘puff piece.’ @WSJ provided more insights into the debacle, citing a video meeting among @AlamedaResearch employees recorded last Wednesday

.@Ripple published proposed guidelines for UK regulators; @binance will partner with @VitalikButerin to test a new Proof-of-Reserves; new @KaikoData report details decreased liquidity in crypto markets following @AlamedaResearch's collapse; @Nike launched new web3 NFT offering

For other notable news of the day, check out the full crypto market report here:

Daily Market Update: Nov 15, 2022 - GSR Markets
This post is based on this twitter thread.

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