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Daily Analysis: Bitcoin Nears Record High as Stocks Take a Breather

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Daily Analysis: Bitcoin Nears Record High as Stocks Take a Breather


This article was posted on Wednesday, 16:00, UTC.

Wednesday Market Recap Asset Current Value Daily Change S&P 500 2388 0.25% DAX 12478 0.22% WTI Crude Oil 49.16 -0.72% GOLD 1264.00 -0.26% Bitcoin 1290 1.90% EUR/USD 1.0892 -0.05%   Global stocks are little changed today, following the strong rally of the frost two days of the week, as investors await the tax proposal of Donald Trump. The promised tax cuts were among the catalysts behind the post-election rally on Wall Street, so the details of the plan could have a strong impact on the market. The mostly better than expected corporate earnings reports remained supportive of the advance, while…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Urgent update: XBTUSD I have just seen at least one…