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.
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