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Bitcoin lifts to session highs above 58,500
Bitcoin is on the rebound right now and rising above 58,500 as this update is typed. The move higher is now taking the lead coin back closer to the already noted 100 day moving average, that it busted below so decisively yesterday. That moving average is still rising and in place right now at 59,600. So, it remains to be seen, if this recovery will extend far enough to retest that level. The high set a moment ago was at 58,658. Bitcoin is currently trading at 58,575
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
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US flash Q1 GDP falls and core PCE prices rise more than forecast- USD/JPY rises and falls
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
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US April ADP report misses estimates rising by only 62k- S+P 500 futures slip
The April US ADP private payroll report has just been released. As noted here earlier, the markets were looking for a lower number this month around...
