Markets continued on their path overnight, with equities weak, dollar down and bitcoin continuing to perform.
Bitcoin is still the star of the show, almost touching major levels around $14k overnight. We expect that this initial move will be finished when it breaks above that.
BTC last traded at $13,634
24 hr high: $ 13,788
24 hr low: $ 13,057
Bitcoin is still tricky to take a firm view on here- yesterday we thought that there would be more consolidation at the previous levels before trading higher but it is in a hurry and is now looking like more to go in the asset. At this stage it may just slide higher into the critical level and break above it to finalise this incredible run.
Eth did not have the same type of break-out on the most recent bullish leg, leading us to believe that it is nearing the high of the move across the space. We still expect to see Bitcoin break higher after which things may settle down.
24 hr high: $ 411
24 hr low: $ 390
Digital assets have had mixed results overnight with Curve being a major outperformer on the day.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||7.23||-5.42925||24,347,052.00||$400,937,414.00|
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