Risk was bid overnight with oil up a lot, crypto traded higher yesterday. equities were strong and gold sold off.
It looks like the start of an enormous embrace of risk in markets and there is also inside information on the Biden teams fiscal expenditure policy hidden within the market pricing. It is mostly the oil price that is suggesting an enormous fiscal expenditure.
It is strange timing at the end of the year, where December is often quiet and illiquid on top of some strange conditions that already exist in markets.
Bitcoin sits just shy of its all-time high at present, enticing long positions although will perhaps take a little more time than expected (or blow all the way through at a strange time). In any case, exciting things going on in the worlds most exciting new industry, new asset and with almost perfect macro-conditions.
BTC last traded at $19,144
24 hr high: $ 19,442
24 hr low: $ 18,068
Eth has been on a good run and trading a number of Doji’s on the 4hr chart showing great indecision in the asset at the highs. With the new contract fully funded there is interest in the rollout of the Eth 2.0 contract.
24 hr high: $ 623
24 hr low: $ 587
After a tremendous period the 24 hr beforehand it was a mixed bag for digital assets overnight with most eyes on Bitcoin. Stellar has finally found reason to outperform with the neglected asset having a huge move.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||8.85||4.76666||23,882,255.00||$491,355,179.00|
Economic data should be taken in the context of markets looking for excuses to add risk until they stop buying everything.
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