Starting at around 9:30 a.m. ET, stocks and crypto bounced sharply. Bitcoin rocketed up 7.8% from a low of $18,372 to end Thursday at just over $19,800. At almost the exact same time, the Dow Jones Industrial Average (DJIA) found a bottom at $28,709, then proceeded to rip up 4.6% to $30,038 by the close. Bond prices also dipped before recovering though, unlike stocks and crypto, bonds didn’t recover all of their early losses.
Source: https://www.coindesk.com/layer2/2022/10/14/why-did-crypto-surge-after-bad-inflation-news/?utm_medium=referral&utm_source=rss&utm_campaign=headlines