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Bitcoin has a deeper look below 57k now
A short while ago Bitcoin had another look at 57k again and this time it pushed down through the level. The low seen a short while ago was set at 56,790 and it is now much above that low right now. Bitcoin is still struggling for traction today after falling below its 200 day moving average much earlier on. As of right now there is little sign that the buyers are rushing back to this one and the BTC bears are still in control. It is hard to gauge right now just now much further this downside run has to go. BTC is currently trading at 56,900
Market News
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As expected the SNB cuts rates by 0.25%- EUR/CHF lifts on the news
The eagerly awaited outcome of the Swiss National Bank policy decision is now known. As expected the SNB have lowered their 0.50% OCR, taking it down... -
What will the Old Lady do and say later today?
The European stock markets have just reopened for live trading and it has been a rather inconclusive start to the day. There will be more to add on... -
DAX priced to open slightly lower shortly
Following on from the previous update, looking at the EUR/USD and the DAX, the German benchmark futures are in the red ahead of the opening shortly...
