Risk has been bid again the last 24 hours and we wonder if it the start of a broad bid into risk that lasts for the medium-term. The S&P500 and oil were both higher on the first trading day of the week. Gold is still looking a little sad and Warren Buffet was said to unload his investment into Barrick gold last week.
With December usually being a quiet month for markets, if anything is getting started now it could become a strange scenario in Dec.
Bitcoin made another move higher as its parabola begins to steepen. It’s looking good for a Christmas high at this point
BTC last traded at $16,779
24 hr high: $ 16,894
24 hr low: $ 15,875
Bitcoin remains tricky for short-term trading. Traders want to be careful in their timing and leverage, but there should be opportunities in the volatility.
Eth traded higher with Bitcoin overnight but did not move as far and is still within its technical structure, rather than breaking out higher again like Bitcoin.
24 hr high: $ 466
24 hr low: $ 456
Digital assets traded higher across the board with Aave and Reserve Rights having the larger moves. Other protocols like Sushiswap have had a resurgence and DeFi was bid.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||8.18||-1.31967||14,575,649.00||$453,978,575.00|
Plenty of fodder in the data the next 24 hours, with US Retail sales an important indicator at the moment as well as central bank governor speeches in multiple jurisdictions.
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