During the day, we were still watching to see whether 73,510 could hold until the U.S. session. It’s now lost. Between 7 and 8 tonight, the price plunged straight to around 72,727.
Bitcoin is now at 72,820, down about 1.5% over 24 hours. Ethereum is at 2,020, down about 1.6%. The market opened today at 74,015, with a daytime high of 74,217. The low has now hit 72,735—just a few dollars above the low of 72,727 on the 10th.
U.S. stocks haven’t opened yet. NVIDIA is trading around $160 in premarket, down about 8%, as its board discusses Jensen Huang’s future at the company. Tonight’s drop in crypto has come alongside the premarket shift in risk appetite. In an hour, at 21:30, we’ll get the initial jobless claims report. The market expects around 195,000, compared with 189,000 previously. U.S. stocks are expected to open around 22:30. We’ll check PPI at the same time tomorrow.
First, the price needs to reclaim 73,510, which it lost today; then we can talk about the daytime high and the opening price. For now, the key question is whether 72,727 can hold. If that level goes too, we’ll have to look for a new level below.
Do you think 72,727 can hold before the U.S. market opens?
$BTC $ETH
#CPIComesInAboveExpectationsPuttingPressureOnUSStocksAndBTCAgain #JensenHuangReportedlyFacesAnotherAllegationOfAnAffairWithASubordinateCouldBeRemovedByTheBoard #StrategyCouldBeRemovedFromMSCIFacingUpTo2.8BillionInSelling
Bitcoin is now at 72,820, down about 1.5% over 24 hours. Ethereum is at 2,020, down about 1.6%. The market opened today at 74,015, with a daytime high of 74,217. The low has now hit 72,735—just a few dollars above the low of 72,727 on the 10th.
U.S. stocks haven’t opened yet. NVIDIA is trading around $160 in premarket, down about 8%, as its board discusses Jensen Huang’s future at the company. Tonight’s drop in crypto has come alongside the premarket shift in risk appetite. In an hour, at 21:30, we’ll get the initial jobless claims report. The market expects around 195,000, compared with 189,000 previously. U.S. stocks are expected to open around 22:30. We’ll check PPI at the same time tomorrow.
First, the price needs to reclaim 73,510, which it lost today; then we can talk about the daytime high and the opening price. For now, the key question is whether 72,727 can hold. If that level goes too, we’ll have to look for a new level below.
Do you think 72,727 can hold before the U.S. market opens?
$BTC $ETH
#CPIComesInAboveExpectationsPuttingPressureOnUSStocksAndBTCAgain #JensenHuangReportedlyFacesAnotherAllegationOfAnAffairWithASubordinateCouldBeRemovedByTheBoard #StrategyCouldBeRemovedFromMSCIFacingUpTo2.8BillionInSelling