$BTC's defence of the 200-week simple moving average signals sustainability of the long-term bullish trend, one analyst said. Reports godbole17.
U.S. dollar surged against the basket of fiat currencies last week, putting pressure on risk assets, including bitcoin . The leading cryptocurrency, however, held on to key support in a positive sign for the market.
"By defending this key average, the bulls have convinced the market of the sustainability of the long-term bullish trend," Alex Kuptsikevich, senior market analyst at the FX Pro, said in an email. Some observers expect the dollar to continue moving higher, keeping gains in cryptocurrencies under check.I think the dollar is due for a bounce as markets take back some FED easing implied in the futures curve. My fundamental FX framework: currencies are driven by real growth differentials and political considerations over longer cycles, but in the short term, it’s all about playing relative central bank policy .
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/GBP holds steady above 0.8700 mark, 200-day SMA might continue to cap gainsThe EUR/GBP cross attracts some buying following a modest gap down opening on Monday, albeit struggles to capitalize on the uptick. Spot prices, meanw
Lire la suite »
NZD/USD holds above 0.6200 mark, modest USD weakness remains supportiveThe NZD/USD pair attracts some buyers on the first day of a new week and for now, seems to have stalled last week's sharp retracement slide from the 0
Lire la suite »
Tether Generated $1.5B in Profits in Q1, 2023, Holds 2% Bitcoin in Total ReservesUSDT's market cap has increased by nearly 25% since the beginning of the year.
Lire la suite »
Kenya Starvation Cult Death Toll Reaches 200Investigators dug up 22 more bodies in a forest off the coast of Malindi, Kenya, Saturday belonging to followers of Paul Nthenge Mackenzie, a cabbie-turned-preacher accused of pushing cult members to starve to death with the promise “to meet Jesus.'
Lire la suite »
Starvation cult death toll tops 200 in KenyaDeath toll linked to a Kenyan cult that practised starvation climbs to 201, as search teams unearth 22 more bodies from a coastal forest
Lire la suite »
Kenya cult death toll rises to 200; more than 600 reported missingThe death toll linked to a doomsday cult in Kenya hit 201 Saturday after police exhumed 22 more bodies, most of them bearing signs of starvation, according to the coast regional commissioner.
Lire la suite »