Crypto is mirroring stock markets’ gains again today, with Wall Street’s sharp climb after opening higher likely to provide further impetus for Bitcoin.
The BTC/USD pair is trading above $40,000 while ETH/USD has gained ground close to the $3,000 resistance level.
The S&P 500 is up 2.3%, the Dow Jones Industrial Average is higher by 1.7%, and the Nasdaq Composite leads the upside with 2.8%.
The bitcoin price is holding well above $38,000, but it’s close to touching another key supply wall at $40,000.
I think that it’s still at the mercy of BTC though, as always – if BTC tanks, so will ETH.
Bitcoin has been below its 100-day moving average for a few weeks.
Having a passion and keen eye for detail, Naveed enjoys finding breaking stories via official press releases, Twitter, and blog posts.
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