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This led to a volatile day of trading for stocks, which initially climbed higher in trading on Wednesday, only to have an afternoon sell-off plunge the major indices into the red. When it was all said and done, the S&P and Nasdaq finished in the green, up 0.11% and 0.23%, respectively, while the Dow lost 0.11%.) started the trading day with a 2.6% sell-off, falling from $66,240 to hit a low of $64,520 in the early morning.
He noted that when the lower price that people are waiting for never manifests, “they are more than willing to deploy that capital at levels that aren't ideal, which only pushes its price higher.” Market analyst Crypto Tony provided the following chart outlining how he expects Bitcoin’s price to trade in the near term.
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Traders brush off CPI to buy stocks and crypto as Bitcoin consolidates below $72kThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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