Is this about Bitcoin? Oddly enough, it’s not even about Bitcoin. Yes, Bitcoin has grown by 8% by the time this review was written. However, which has become very rare for the market, on Tuesday most altcoins have grown much stronger than bitcoin. For example, Ethereum is 15 percent higher, and Bitcoin SV is 95 percent higher.
BTC/USD chart of the day
It takes one bitcoin to diversify from currencies and futures. In the crypto market there are those changes, which at the beginning of the year were detailed in one of the reviews. Those who missed it, again we recommend you to find and read the article.
It is very likely that this year Bitcoin will again become an asset that will bring maximum profit to trendy players.
As part of yesterday’s algorithm, the Japanese yen touched the border and fell below 110 yen for 1 US dollar. As the pair tried, but did not leave below the level on the same day, Wednesday becomes a critical day. If there is a second consecutive closing above 110 yen, we can predict a new range of 110-115.
And the American stock market does not care about any news at all! Traditionally, it drops slightly during the Asian and sometimes European session. Then American investors wake up, look at a more attractive price than last night and rejoice. They drink coffee, buy back cheaper stocks and go to bed. Wake up in the morning and rejoice again.
No matter how much the public hits Donald Trump, he fulfills his election promise that stock markets will grow under him as a businessman.
What awaits us today?
01.30 Speech by Bank of Japan Governor Kuroda
09.40 Speech by a representative of the Bank of England Saunders
10.30 UK consumer price index for December
17.00 Speech by Patrick Harker, member of the US Federal Reserve’s Open Market Committee
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