There was more strange price action in markets overnight with the market retracing the break of the all-time high but sitting just below it. There was little volatility after the retracement and slightly strange price action in that the market did not correct as hard as expected.
Similarly, gold has not recovered well but oil continued its move higher.
BTC is still in consolidation this morning and did little overnight. We are still watching the asset for evidence of the price suppression and volatility crushing we saw earlier in the year.
BTC last traded at $ 15,342
24 hr high: $ 15,481
24 hr low: $ 15,092
Fading moves is usually the play in consolidation, and there have been a few opportunities for traders to fade major breaks. These moves could be almost wrapped up as a result. If the market does the obvious thing it will trade higher.
Eth is making a much more attractive/less complex consolidation than Bitcoin and could be the asset to watch for a lead on BTC. The latest move overnight does look like an asset that wants to trade higher.
24 hr high: $ 455
24 hr low: $ 439
There were huge moves across alt-coins overnight including 50% and 40% moves for Meta and Loopring.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||7.58||9.72197||13,808,172.00||$420,238,878.00|
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