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The push higher in the dollar and higher US Treasury yields is not helping Bitcoin right now. The led cryptocurrency just now fell to a fresh session low at 61,650. The fall this afternoon is pushing BTC back closer to its 50 and 100 day moving averages. Those are not under threat, but certainly closer on the radar now today. The 50 day is currently at 60,815 and the 100 day is at 61,080. BTC is currently trading at 61,760
The dollar just got slapped and in truth probably due to comments from the Fed boss, Jerome Powell. So, as expected and warned about a few times today...
The dollar is losing some more ground right now and that has seen the EUR/USD push back above 1.1610. The GBP/USD is also close to session highs seen...
Those US data releases have just been released and it has been a mixed set of data. The Richmond Fed index improved to -7, but the nationwide consumer...
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