The pair had seen intense volatility on the back of United States economic data the day prior, this sparking hundreds of millions of dollars inNow, after turning the tables and adding almost $2,000 in 24 hours, Bitcoin was again losing momentum as U.S. equities turned red on the day.
At the time of writing, the S&P 500 was down 1.9%, while the Nasdaq Composite Index traded a gruesome 5.4% lower. Investigating the status quo, Alasdair Macleod, head of research at Goldmoney, pointed to rampant gains in long-dated U.S. bonds as a key factor in the pressure being felt across markets.“So long as this is the case abandon all hope for financial asset values.”
The U.S. dollar index, a classic headwind maker for risk assets, made strong progress on the day, passing 113.4 before consolidating.With the September Consumer Price Index print released, sentiment was now overwhelmingly leaning toward the Federal Reserve enacting a further 75-basis-point rate hike in November.Fed target rate probabilities chart. Source: CME Groupincreasing strain, among them the Japanese yen and, increasingly, the Chinese yuan. The former traded at its lowest versus the U.S.
$18k Bitcoin is the great dip to spend more USDT on.
What a coincidence - my Uber driver also predicted $18k!!!!
Under $18 may crash the systems of corruption of digital assets.
poorque news is silent abboout this
I do not predict, Just Trade the Chart
Glad ! 🔥 I wish I discoveereed tthis beeforee
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