With things getting weird before the election, particularly with the potential for a stalemate, we saw a retracement in the S&P500, a big fall in Brent oil and gold is still trading lower as the USD shortly either makes a last hurrah or trades significantly higher.
Bitcoin remains a strong asset and can justifiably trade around here. On the one hand it is breaking out, performing strongly against risk assets and gaining momentum and on the other it could be difficult to imagine institutional buyers chasing the market higher – these moves are unusual in traditional markets.
BTC last traded at $13,486
24 hr high: $ 13,649
24 hr low: $ 12,994
The most promising BTC trade we can see here is for the market to break lower and fading the move for a break higher.
Ethereum has not traded higher with BTC, but looks a great spot to bid at present.
24 hr high: $ 394
24 hr low: $ 380
Many digital assets traded lower overnight in the bitcoin move.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||7.21||0.61096||18,801,377.00||$399,403,003.00|
Some of the Euro data will be of interest to markets after this weeks plunge lower.
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