Market Wrap: Bitcoin and Ether Start the Week Higher

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MARKET WRAP: $BTC and $ETH trade higher on moderate volume to begin the week. GWilliamsJr_CMT and _jocelynyang_ report

Ten-year Treasury yield daily close: 4.01%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atBTC trades near 20-day short-term average, maintains inverse relationship to US dollar

BTC’s price has breached its 10-day moving average, while the 10-day average appears poised to cross the 20-day moving average. Moving average crossovers are often viewed as bullish signals when they occur to the upside, and bearish when they occur to the downside. The clearest indication of BTC price movement continues to be its relationship to the U.S. dollar, specifically its inverse relationship to the dollar index . The correlation coefficient between BTC and the DXY is currently -0.81.

Glassnode’s measurement of “whale” net inflows to exchanges has moved into positive territory after being negative for the prior 30 days. A “whale” is a unique bitcoin entity holding more than 1,000 BTC. Because of their size, whales can sway prices.

 

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GWilliamsJr_CMT _jocelynyang_ I am actively spending usdt to buy these two projects.

GWilliamsJr_CMT _jocelynyang_ Off to a good start!

GWilliamsJr_CMT _jocelynyang_ why nnews iis dumb about thiis triick

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