With Donald Trump leaving his medical facility today, markets were stronger overnight. With this price action came some discussion of Biden’s presidency actually being bullish for markets (very similar policy is expected from either presidency) and we have to wonder if those promised tax hikes of his would eventuate (answer: probably not and not without overwhelming counterbalancing).
Gold traded higher and bitcoin was also trading higher.
Bitcoin has spent the last couple of hours at the top of a range. There is a decision to be made on if the market is ranging/consolidating or whether the market breaks higher, in this case likely trading to around $11k
BTC last traded at $10,759
24 hr high: $ 10,805
24 hr low: $ 10,620
Ethereum is the more concerning chart of the two major assets, trading against the lower bound of its consolidation looking much weaker.
24 hr high: $ 356
24 hr low: $ 348
Many DeFi assets are still weak, with a significant negative bias to asset price moves overnight.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||7.12||0.93391||15,838,500.00||$391,850,493.00|
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