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  • Bitcoin Breakout Has Opened Doors to $25K: Analysts

    From coindesk.com

    Bitcoin's (BTC) January price rally has analysts focusing on higher valuations last seen in mid-2022. The top cryptocurrency by market value has risen almost 40% to $23,000 this month, the steepest gain since October 2021, according to CoinDesk data. The bounce looks impressive, considering it has cleared key resistance levels despite lingering concerns about the fallout from the bankruptcy of crypto exchange FTX. A resistance level is the price where supply is expected to be strong enough to keep prices from moving higher. Bitcoin's October bounce ran out of steam around $21,000, establishing that as a significant ... (full story)

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    Private sector contraction in the US continues into the new year, with renewed pick up in cost...

    From pmi.spglobal.com|Jan 24, 2023|16 comments

    Private sector firms in the US registered a further decline in output at the start of 2023, according to latest ‘flash’ PMI™ data from S&P Global. The fall in business activity ...

    NYSE trading open sees unusual number of halted stocks

    From @DeItaone|Jan 24, 2023

    tweet at 9:37am: NYSE TRADING OPEN SEES UNUSUAL NUMBER OF HALTED STOCKS tweet at 9:37am: Looks like 81 stocks were just halted for LULD despite not hitting the bands/thresholds: https://t.co/seHwXtgEpg tweet at 9:38am: Trades were posted to tape that were incorrect. tweet at 9:40am: BREAKING — several stocks are halted for an unknown reason at the start of trading, and aren’t showing up on computers or tablets resulting in confusion across the NYSE floor “It’s a huge problem,” one long time trader tells me. “I’ve never seen anything like it.” @TheStreet https://t.co/Tg58SqT2NQMarket Goes Haywire With Dozens Of NYSE Trading Halts At The Open After "Technical Glitch" It has been a while since we had a market-wide break. Something snapped at exactly 9:30:00 am ET this morning when stocks opened for trading, only... they didn't, as instead hundreds of NYSE-listed stocks were immediately halted for trading after breaching circuit breaker limits... image ... which among others saw giga-caps such as Exxon, Morgan Stanley, Verizon, AT&T, Nike, McDonald’s and Wells Fargo tumble as much as 8%, or more... While it is unclear what the "technical glitch", as CNBC called it, in question was many stocks had abnormally large moves when stocks opened for trading, which triggered the resulting volatility halts. It took several minutes for the circuit breakers to be lifted and for trading to return to something resembling normalcy although nobody knows if these prices are accurate or still affected by whatever glitch halted trading.

    Bank of Canada likely to raise rates again Wednesday — but should it?

    From cbc.ca|Jan 24, 2023

    The Bank of Canada is widely expected to raise its trend-setting interest rate this week by a quarter of a percentage point, which would bring it to 4.5 per cent. If it happens, ...

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    Monitoring the Currents of the Crypto Market

    From coinmetrics.substack.com|Jan 24, 2023

    The digital asset market is experiencing a surge in activity as we kick off the new year. Bitcoin is up 36% in January rising to $22,500, its highest level since last summer. This ...

    El Salvador Makes Good on $800M Debt Despite ‘Bitcoin Bet’

    From blockworks.co|Jan 24, 2023

    El Salvador’s President, Nayib Bukele, said Monday his country has paid back $800 million on an external bond despite concerns last year the country would default due to its ...

    UK Unveils Basel III Draft; Cryptoasset Standard Heralds More Rule-Making

    From fitchratings.com|Jan 24, 2023

    The UK’s draft final Basel III rules align more closely to international standards than the EU proposal, while the new global cryptoasset framework will kick-start a new round of ...

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  • Posted: Jan 24, 2023 9:50am
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     Newsstand
    Category: Technical Analysis
    Comments: 0  /  Views: 77
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