Today news
About the same in other media
Price analysis 11/22: BTC, ETH, BNB, SOL, ADA, XRP, DOT, AVAX, DOGE, SHIB
Reading now: 683
Bitcoin (BTC) continues to be pinned down below $60,000 indicating that higher levels are attracting selling from traders.
The S&P 500 made a new all-time high today on reports that U.S. President Joe Biden renominated Jerome Powell to serve a second term as the Federal Reserve chair. This news also boosted the U.S. dollar currency index (DXY) to its highest level since July 2020.
Usually, sharp gains in the DXY are inversely correlated with Bitcoin and the same can be seen in November of this year as well. While the DXY is up about 2.3% in November, Bitcoin is down roughly 5.5% during the same period.
Independent market analyst, TechDev, said Bitcoin’s performance in 2021 is following the price action of 2017 but with a lag of 5-8 days. If
Read more on cointelegraph.comAbout this in other media
Cardano, MATIC, The Sandbox Price Analysis: 3 December ambcrypto.com /2 years ago
Price analysis 12/1: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB cointelegraph.com /2 years ago
Cardano, XRP, Ethereum Classic Price Analysis: 1 December ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
