The S&P 500, Wall Street's benchmark equity index, has gained 16% in less than two months to trade above the widely-tracked 200-day moving average for the first time since early April. The USD/JPY pair, often called a turbo bet on the Fed policy and U.S. rates, has dropped 11% to its 200-day moving average. The dollar index, which tracks the greenback's value against major fiat currencies, has also dropped below its 200-day average.
"Historically, stocks and crypto have a strong relationship with each other. Without FTX implosion, bitcoin might have been trading at $29,000 by now – instead of $17,200 ," Markus Thielen, head of research and strategy at crypto services provider Matrixport, said.The chart shows bitcoin trades at a discount to the 200-day moving average. The S&P 500 has topped its 200-day average amid a sharp slide in the dollar index .
One question is whether the latest risk revival in traditional markets will be long-lasting, given that the U.S. economy is heading toward a. The situation identified by consecutive quarterly contractions in the growth rate does not sound conducive to risk assets.
godbole17 Short it
godbole17 Keep buying bitcoin
godbole17 2002? Lol
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: BTCTN - 🏆 531. / 51 Consulte Mais informação »