Page 24 - Moving Average News Today

The crypto market shed some gains today after Bitcoin dropped to $45,000. The reason likely causing BTC’s decline was a false post.

Stronger than anticipated United States (US) inflation figures boosted the US Dollar ahead of Wall Street’s opening, putting mild pressure on XAU/USD.

In Wednesdays trade, the global cryptocurrency market cap fell 0.9% to around $1.71 trillion in the last 24 hours.The total volume in DeFi is currently $7 billion, 8.31% of the total crypto market 24-hour volume.

Remarkably, BTC's recovery has been reflected in the overall value of the crypto market, which has increased to $1.8 trillion today. 

The EUR/USD pair trades at the upper end of its latest range, still lacking directional momentum.

Gold trades within familiar levels on Wednesday, with a scarce macroeconomic calendar and upcoming first-tier events maintaining investors in cautious mode.

A technical look at the stock

As the Bitcoin ETF approaches its final stages ahead of a possible approval by the SEC, the crypto market has gone on a roller coaster ride.

Gold gained pace above the $2,050 resistance against the US Dollar. It even broke $2,065 before the bears appeared near the $2,088 zone.

The EUR/USD pair trades with a soft tone on Tuesday, hovering around 1.0930.