In the most recent article uploaded by William Suberg to the cryptocurrency news portal Cointelegraph he indicated that, Bitcoin buyers expect below the USD 58,000 level, however, Bitcoin does not seem to be in the mood for celebrations despite Japanese stocks fully recovering from a historic drop.
According to Suberg, Bitcoin ignores Japan's sudden rebound "Data from Cointelegraph Markets Pro and TradingView showed a lackluster Wall Street open for the BTC/USD pair, which contrasted with stock markets."
On the other hand, "The bullish mood was led by Japan on the day, which saw the Nikkei 225 fully recover its record losses from earlier in the month. The index closed at 36,232 points, up 3.45% on the day"
In that regard, "U.S. equities also got off to a promising start, with the S&P 500 and Nasdaq Composite index up 0.8% and 1.4%, respectively, in the first hour."
To wit, "Contributing to the strong performance was the release of the July producer price index (PPI), which came in below expectations, a key driver of interest rate cut bets and increased capital flows into risk assets"
SOURCES CONSULTED
Cointelegraph. Bitcoin buyers wait below $58K as Japan wipes out record stocks crash. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
