Oil Up, And Bitcoin Down On Independence Day!

Digital Finance Analytics (DFA) Blog

Jul 04 2024 | 00:07:19

00:00 / 00:07:19

Show Notes

The US markets are closed Thursday, on July 4th, but there were a couple of significant developments across Oil and Bitcoin nevertheless this week. Firstly, Bitcoin The world’s biggest cryptocurrency took little support from weakness in the dollar, which fell amid increased bets on interest rate cuts by the Federal Reserve, as the Bitcoin price fell sharply to a two-month low on Thursday, breaking past a key support level thanks to uncertainty over several points of selling pressure, chiefly defunct exchange Mt Gox, saw traders remain averse towards the token. Broader crypto prices also followed Bitcoin lower. Elsewhere, Oil prices […]

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