Investors nervous about the stock market might be looking for alternative investments, like Bitcoin. When considering cryptocurrencies, though, it’s important to assess your overall portfolio goals and risk tolerance.
The S&P 500 and the Dow rallied sharply but shyly to their records on Monday, as investors bet that full economic re-opening was finally in sight following the first positive data from the late-stage COVID-19 vaccine trial.
U.S. crude oil has risen by more than 8 per cent, boosting commodity supplies as the U.S. has a safe haven. Treasures sold after U.S. drug maker Pfizer and its German partner BioNTech said a large-scale study of their vaccine found that it was more than 90% successful.
Bitcoin is rotating in the rallying of global financial markets while ether options traders are ramping up open interest as the Ethereum network is headed for an ambitious upgrade.
Bitcoin ( BTC) trading about $15,384 at 21:00 UTC (4 p.m. ET). Achieving 0.05 percent over the previous 24 hours.
Bitcoin’s 24-hour range: $14,845—$15,842
BTC, above its 10-day and 50-day moving average, is a positive indicator for market technicians.
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