There’s been plenty of movement in markets since Friday, with the S&P500 volatile, trading much lower but retracing a good part of the move. Bitcoin and Ethereum have both been soft, leading the S&P500. Some stocks in the Nasdaq had led all of the moves.
This week will be about whether this is in the past or it is the start of a reversal in risk assets and it will remain to be seen whether Bitcoin and digital assets act as a risk asset, are influenced by gold or make their own moves.
There has been strong recovery in some alt-coins which had been very sold-off over the weekends 48 hour period.
Bitcoin has traded down to significant support levels, stabilising over the weekend. The question for Bitcoin is in whether it trades back below $9,350 and into its long-term range or is bid from the support level or trend-line before resuming its bullish trend. Bitcoin has been bid well from the $10k mark.
Bitcoin last traded at $10,208
24 hr high: $ 10,351
24 hr low: $ 9951
BTC/USD Chart (Weekly)
Eth has been more volatile than Bitcoin to the downside but has bounced strongly since making a low of sorts.
24 hr high: $ 360
24 hr low: $ 316
Alts staged some strong recoveries over the last 24 hours.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||16.09||40.08467||22287391||878995599|
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