Powell Gives a Thumbs Up - Mine Digital
Knowledge

Powell Gives a Thumbs Up

July 30, 2020 • 
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Spread the word
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Whatever the markets are doing, the U.S. Fed approves. The Powell speech indicated more of the same and it looks like a program of drawing the U.S. dollar lower without spooking markets.

MORNING REPORT

Morning Traders,

It looks like we are in for a continuation of the current market momentum after the Powell speech last night, suggesting that markets are moving the way that the Fed would like them to.

Bitcoin

Bitcoin is stronger this morning, challenging the high of its recent consolidation. The prospect of another move higher without a second flush out of longs is interesting and without jumping at shadows, traders should be ready for another move beneath levels around $10,850.

Bitcoin last traded at $11,283

24 hr high: $ 11,358

24 hr low: $ 10,860

Bitcoin USD Chart

Ethereum

Ethereum has moved sideways the last 24 hours, looking a little less willing to move than Bitcoin, although the asset is still in no-mans land.

24 hr high: $ 330

24 hr low: $ 313

Ethereum USD Chart

Digital Assets

Digital assets are a mixed bag at the moment, with the recent Bitcoin move an unpredictable influence on the assets.

  • Aave: $ 0.305
  • Algorand: $ 9.312
  • Cardano: $ 0.142
  • Chainlink: $ 7.07
  • Compound: $ 132.65
  • Maker: $ 541
  • Ren: $ 0.163
  • Reserve Rights: $ 0.00904
  • Stellar: $ 0.0957
  • Synthetix: $ 3.31
  • Tezos: $ 2.78

Whether you want to simply buy and sell or access advanced features, we have the tools you need. Mine’s order-book exchange lets you trade BTC, ETH, XRP, LTC and BCH against AUD, USD and USDT*. Mine Digital, Australia’s best Cryptocurrency Exchange.

Written By
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Before you go...

Never miss a thing! Sign up to
The Knowledge Mine Digital’s newsletter on all things Crypto