
The British monthly GDP is announced on Friday at 09:00 MT time.
Michael Novogratz, investor, billionaire: think how institutional investors work. It’s difficult to come to the boss and say that money is in the place that he doesn’t know about. It will require a reliable and well-known trustee - a Japanese bank, or an organization such as Goldman Sachs, HSBC, or ICE. Only then the institutional investor will feel comfortable.
There was news on Wednesday that Goldman Sachs decided to hold back its plans to set up a crypto trading desk. In addition, one of the oldest trading platforms ShapeShift AG said it will begin asking users for personal information. Although this may turn out to be good in future, it currently hurts the sentiment.
Up to now, the cryptocurrency has been trying to recover. However, the trading isn’t extensive. The resistance lies at $6,550. If it’s able to break above this level, the next resistance will lie at $6,780 (100-day MA). If bulls are weak, Bitcoin will fall to $6,300. The next support is at $5,875.
Bitcoin $6,483.6 (+0.97%)
DASH $178.91 (+6.52%)
Ethereum $224.91 (-1.47%)
Litecoin $56.779 (+3.53%)
The British monthly GDP is announced on Friday at 09:00 MT time.
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
The US unemployment claims are out on Thursday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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