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Bitcoin pressing on 60k now
Bitcoin has just now lifted to set a new 2024 high and almost reached above 60k for the first time since 2021 a moment ago. The move higher comes after it had earlier stalled just above 59,500 and edged back towards 58,500. So, as you can see right now, the dips continue to be pretty shallow and not especially long-lasting. The price action remains pretty rapid too and it can change in the blink of an eye. Bitcoin is currently trading at 59,955
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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...
