Page 28 - Moving Average News Today

The crypto market seems to have been range-bound with a downward bias in the last 24 hours. BTC underwent slight selling pressure after it crossed the $43k mark.

The US Dollar is in better shape on Wednesday, advancing against most major rivals.

Bitcoin has reclaimed the $43,000 price level with a 4.7% surge today, December 19. The global crypto market has risen by 4.4% to $1.69.

A technical look at the stock

Spot Gold trades marginally lower on Wednesday, confined to Tuesday’s range.

The crypto market has shown retracement in the last 24 hours, with a 3.19% decline today and Bitcoin slightly losing its grip. 

Gold failed to continue higher and corrected lower sharply below $2,050 against the US Dollar. It even dived below the $2,000 support before the bulls appeared.

The Euro is crawling higher on Tuesday amid favorable risk sentiment.

The EUR/USD pair extends its modest weekly advance on Tuesday, as the US Dollar remains unattractive in the post-central banks’ scenario, with investors looking for better options.

Gold trades with a better tone on Tuesday, helped by the broad US Dollar's weakness.