- Litecoin was the biggest decliner after giving up 2.55% yesterday FTX had a negative day yesterday (down 2.53%).
- European markets were down yesterday as FTSE is currently down 0.43% and trading around 7,489.19.
An update of where yesterday closed ahead of the next session: leading equity indices in the US declined as Nasdaq slipped 0.51% and closed at 10,959. After dropping 0.19%, S&P 500 closed at 3,934.
Trading in the US will continue today in around 7 hours time, meanwhile European markets closed lower yesterday. Asia-Pacific markets closed lower today.
Market's down-tick coincides with some negative macro data published earlier as United States Crude Oil Inventories fell short of the -3.31 million projections, with new data of -5.19 million.
While price action maintains a negative bias, United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of -373,000, while the previous figure was -415,000. United States Unit Labor Costs (QoQ) (Q3) came out at 2.4, while a consensus of analysts was expecting 3.1.
Looking ahead, ongoing depreciation may be prolonged as today at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 230,000 from the preceding figure of 225,000.
Furthermore, United States Producer Price Index figure is projected at 0.2%. It previously stood at 0.2%; data will be released tomorrow at 13:30 UTC.
While markets are generally down so far today, some stocks outperformed such as XRP gained 1.33% to reach $0.389.
Yesterday's bearishness meant that Litecoin lost 2.55% yesterday before closing at $75. FTX had a negative day yesterday (down 2.53%).
Litecoin sheds $1.96 to trade around $75
Similar trend today: Litecoin slides down from $76.96 to $75 today, losing $1.96 (2.55%). Litecoin has a market cap of 5.38 billion with an average daily volume of 111.67 million.
Is it the end of FTX Token's rally? After five days of gains, it is down by 1.33% today
Trading lower, FTX Token is currently down $0.019 as it ranges between $1.37 and $1.42 so far today. FTX Token is currently trading with a market cap of 451.55 million with an average daily volume of 3.89 million.