With no major selloff halfway through December (but with weird moves in markets still likely in the second half of the month) and stimulus related announcements, markets are faced with the prospects of a volatile and frankly dangerous 2021.
The year could see currencies rapidly losing value to both price declines and inflation and a bottle-neck into risk assets that can hold their value in a rout of fiat currency.
Bitcoin is set for another stellar year in 2021 in which the groundwork laid for institutional custody and services in 2019 which matured in 2020 is given a macro-environment that greatly benefits the asset.
24 hr high: $ 19,347
24 hr low: $ 18,979
Bitcoin has held up well with opportunities to sell off with a bit more motivation. Cautious traders will still be watching other risk markets for a lead, especially in the context of it being mid-December.
The big question on another leg up in risk markets could be whether there is a sell the fact event on the Biden confirmation and vaccine shipping coming along into this unpredictable environment
Ethereum is lagging Bitcoin on its latest move, posing the question of a secular Bitcoin bull market or otherwise reflecting a lack of interest in an asset that has recently been given life in its cross with BTC.
24 hr high: $ 592
24 hr low: $ 576
Mixed results in alt assets overnight with significant swings in Bancor and Synthetix and more or less even across the rest
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||7.37||-1.76617||6,447,709.00||$409,218,823.00|
The Chinese data will be interesting this morning with hot and strange numbers turning up everywhere late in the year.
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