With everybody watching the results of the US election today, markets recovered on low volumes with low liquidity. Gold and oil both traded higher.
Low-liquidity momentum plays are likely to continue with trading back to normal 2-3 days after the result. If there is no clear result then you might expect the market to be offered until things clear up.
Bitcoin was trading back over $14k in its latest run, trading off of its 30 MA on the 4hr chart.
BTC last traded at 13980
24 hr high: $ 14,084
24 hr low: $ 13,287
It’s difficult to ignore the momentum in Bitcoin as a trader, with the asset unable to trade lower and test the levels. Risk could be difficult to control if positions are allowed to go offside.
Eth is still trading a little muted compared to BTC and the asset last traded at $389.
24 hr high: $ 390.60
24 hr low: $ 370.43
Digital assets are weak across the board, looking like bitcoin is still impacting alt coin prices. Some good long-term investing opportunities are around at these prices.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||6.58||-4.27989||8,713,675.00||$364,454,059.00|
The big news today is obviously the US election. The result is probably not best thought of as Trump/Biden but as result/no-result.
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