Bitcoin finally gets a lift from higher EUR/USD
Bitcoin has seemingly been asleep for most of the session today and generally quite unresponsive so far to the move higher in the EUR/USD. However, as the EUR/USD makes a further push above 1.19 it is beginning to push a little higher. It has just now lifted back above 10,400, but in truth that is hardly impressive and certainly this side of 10,500 nothing much to write homes about. It should really be doing better than it is currently, but perhaps there will be latent reaction is due course which might move the lead crypto to have another look at that 10,500 handle. The fact that is not so far reacted is probably a concern and does open the possibility; that any move back down towards 1.1850 might force an opposing reaction lower in Bitcoin. That remains to be seen. Meantime, Bitcoin is just now trying to surpass the earlier session high at 10,426. In fact, it has just done exactly that as it lifts to 10,450 right now
Tags
Exchange BTC

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.