Bitcoin under pressure today as it eyes 26k
The failure of Bitcoin to reclaim the 27k handle on Friday after dropping to as low as 26,379 on Thursday did not bode too well for weekend trading. The lead coin did briefly spike higher last night, but that move stalled at 26,730 and it was already slipping as the Asian markets reopened today. The news flow for BTC has not been positive either, with calls mounting for another deeper sell-off and further liquidations anticipated, after some damning press coverage over the weekend. So, Bitcoin has fallen very close to 26k today, reaching 26,019 earlier. A rebound back to above 26,300 is running out of steam now too. The high seen much earlier today was set at 26,529. It is just now trading at 26,100
Market News
All News-
DAX has a look above 16,500 and takes one step closer to a new record
Following on from a series of updates this week and last, the DAX has taken one step close to a new record high this afternoon. The DAX has lifted...
-
Dow Jones and Nasdaq flips positions as yields fall and tech rebounds
Ever since the opening for the US stock markets today we have seen a reversal in the divergence between the Nasdaq 100 and the Dow Jones, That is to...
-
GBP/USD takes out double bottom at 1.2604 but rebounds on JOLTS data
Not long before the US economic releases this afternoon, the GBP/USD made a brief move below the noted 1.2604 double bottom on the daily charts. The...
