Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets. By godbole17
The S&P 500, Wall Street's benchmark equity index, has gained 16% in less than two months to trade above the widely-tracked 200-day moving average for the first time since early April. The USD/JPY pair, often called a turbo bet on the Fed policy and U.S. rates, has dropped 11% to its 200-day moving average. The dollar index, which tracks the greenback's value against major fiat currencies, has also dropped below its 200-day average.
"Historically, stocks and crypto have a strong relationship with each other. Without FTX implosion, bitcoin might have been trading at $29,000 by now – instead of $17,200 ," Markus Thielen, head of research and strategy at crypto services provider Matrixport, said.The chart shows bitcoin trades at a discount to the 200-day moving average. The S&P 500 has topped its 200-day average amid a sharp slide in the dollar index .
One question is whether the latest risk revival in traditional markets will be long-lasting, given that the U.S. economy is heading toward a. The situation identified by consecutive quarterly contractions in the growth rate does not sound conducive to risk assets.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Team USA Eliminated From World Cup After 3-1 Loss to the NetherlandsThe U.S. has not won a game in the knockout stages since 2002.
続きを読む »
World Cup Saturday guide: Americans face the Netherlands in knockout roundThe United States is trying to get to the quarterfinals for the first time since 2002.
続きを読む »
Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start the Weekend – Market Updates Bitcoin NewsBitcoin was consolidating to start the weekend, as prices once again fell below $17,000. Ethereum was trading below $1,300.
続きを読む »
World Cup Saturday guide: Americans face the Netherlands in knockout roundThe United States is trying to get to the quarterfinals for the first time since 2002.
続きを読む »
Iran state body reports 200 dead in protests, Raisi hails 'freedoms'The president hailed Iran as a guarantor of rights and freedoms amid a crackdown on anti-government protests.
続きを読む »
Iranian security body says 200 people lost lives in recent riots, Mizan news agency reportsTwo hundred people lost their lives in Iran during nationwide riots that started in mid-September, an Iranian state security body said on Saturday, a figure significantly lower than that given by rights groups.
続きを読む »