Risk was bid in markets overnight at all-time highs. The opportunity to sell was there, with the S&P500 fading in the Asian session. All eyes are on the USD which has continued the selloff lower with movement in US Treasuries.
Bitcoin has also held up well, back to threatening to continue on its path higher.
BTC last traded at $19,233
24 hr high: $ 19,344
24 hr low: $ 18,341
Bitcoin remains a tricky market to trade with that great trade fading the high. There was no real reason to pick it up unless you were very bullish and thought that it was nothing more than a trade. The asset still looks strong here and could be new ATH before Monday.
Eth had done the better false break of the high out of the 2 assets, trading with a lot of volatility and currently consolidating near the high.
24 hr high: $ 605
24 hr low: $ 575
Assets are mostly inline with a quiet Bitcoin, however Polkadot and the DeFi assets have had a good 24 hours.
Some important figures out of Australia today, especially in the context of Australia’s proximity to China (trade balance / imports, exports)
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