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Market Drivers – Asian Session 15-11-2021

Calm dominated the Asian session. Data released by the National Statistics Authority on Monday showed a 4.9 percent year-on-year increase in China’s retail sales of consumer goods in October.

The total value of retail consumer goods sales in the country reached about 4.05 trillion yuan (about 633 billion US dollars) in October, the authority said.

Major cryptocurrencies recovered thanks to the uprising of the largest cryptocurrency Bitcoin and returned to the green area.

If the success of Bitcoin continues to maintain its current levels, it will move towards the November targets, according to analysts, at levels of $ 100,000, which may trigger a new wave of altcoins’ gains.

Cryptocurrencies plunged into a wave of lightning losses after US regulators rejected what would have been the first exchange-traded fund and bitcoin sank below $63,000 after climbing to a historic peak on Thursday.

The price of gold fell 0.1% to $1,861.87 an ounce, while US gold futures fell 0.2% to $1,863.90.

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