Bitcoin is sending a better signal on risk appetite as it fully recovers from the swoon as low as $55,605 earlier.
The earlier bounce in bitcoin from the lows sent a positive signal that the Nasdaq eventually followed. The latest leg of buying in bitcoin has boosted it to $58,200 from $57,500 and could be another positive hint.
I’m keeping a close eye on it.
This article was written by Adam Button at www.forexlive.com.
Related Articles
USDCAD breaks below a cluster of technical levels
The USDCAD is moving lower and in the process has broken below...
NASDAQ index now down over 1% on the day. Russell 2000 maintains its gains
There is a shift out of the different major indices today. The...
US leading Index for October -0.4% vs -0.3% estimate
Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One...
US existing home sales for October 3.96M versus 3.93M
Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change...
Leave a comment