ForexLive Asia FX news wrap: Bitcoin's wild weekend and Monday – ForexLive
Forex news for Asia trading
for Monday 11
has had some large price swings in late weekend/early Monday trade
and is on its lows for the session in Asia as I post, under
US$34,000. The weakness for bitcoin came in the wake of weekend moves
from BitStamp as
halting XRP trading and deposits for US customers (order
placing and deposits having
being disabled, open orders being cancelled). This was early in the
weekend, later news saw Coinbase services down for a period of time).
you use BTC as a sentiment indicator it may well have served you well
for the day here, currencies and gold lost ground against the US
US equity index futures softened to open the week. On the news front
there are many potential catalysts:
US military is opening domestic terrorist cases on 25 members
in the assault on the Capitol last week
House leader Pelosi has set in train steps for the second impeachment
of Trump, which could be completed as soon as this week, although a
conviction (if it comes) could take as long as mid-April
US removed all its
its relationship with Taiwan and the US Ambassador to the UN will
meet with Taiwan’s President on Thursday – moves that will anger
US is also canvassing other options to respond to China in the wake
of the arrests (50+) in Hong Kong last week
Rising US yields a usual suspect also.
BTC/USD weekend gyrations & Asia Monday:
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