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Bitcoin trades above 50k for the first time since 2021
Bitcoin has just now risen above 50,000 for the first time this year and for the first time since 2021. The high print I can see here has been at 50,056. The move higher now brings the next level into question. That was mentioned a little earlier and is above 56k. There is room for some profit-taking though from here and once again I am also keeping an eye on US yields and the Nasdaq 100, to see if there are any cross related clues as to where BTC might trade from here, ahead of the wider market close tonight. Bitcoin has in fact already backed off a bit now, currently trading at 49,945
Market News
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European stocks rise on the opening- DAX pushes above 22,500
The European stock markets have just reopened and it has been an across the board positive start for the major indexes. The DAX is leading the gains... -
EUR/USD rebounds into the 8am London Fix
For the past 20 minutes or so there has been some pretty concerted EUR/USD buying and that has seen the Euro rise from around 1.1365, towards 1.1400... -
FTSE 100 futures buoyed by GSK and BARC beats
We have had two FTSE 100 heavyweight stocks reporting Q1 earnings today and they are Barclays Bank and GlaxoSmithkline and both have beaten the street...
