Bitcoin edges back above $86,000 as oil and bond yields retreat
Bitcoin rose 0.75% to $85,932 as oil and bond yields eased, Cardano extended its gains, and OKX raised fresh capital at a $25 billion valuation.
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Bitcoin rose 0.75% to $85,932 as oil and bond yields eased, Cardano extended its gains, and OKX raised fresh capital at a $25 billion valuation.
Bitcoin traded flat near $85,276 as the dollar hit an 18-month high, while Cardano jumped 6.9% and the CFTC proposed new rules for crypto exchanges.
Congress leaves for its pre-election recess with the Clarity Act stuck, community banks take the OCC to court, and OKX and ICE file for 24/7 tokenized stocks.
Bitcoin came within about $500 of its late-September peak before sellers pushed it back under $86,000. Cardano led the large caps with an 11% jump.
The EUR/USD fixing rose to 1.1269 as France moved to cut its deficit and the dollar eased, while traders turned to the Fed minutes and US September CPI.
The EUR/USD fixing rose to 1.1269 as France moved to cut its deficit. We use the move to explain bond yield spreads and basis points for new forex traders.
The EUR/USD fixing fell to 1.1204 as French debt worries pushed the dollar index to an 18-month high, while US services data came in mixed and yields stayed high.
The euro fell to a 17-month low on French fiscal fears. We use the move to explain how an ECB reference rate differs from a live forex quote for beginners.
The yen steadied near 158 per dollar on Monday as Japanese officials talked tough on the currency and on debt, while yen crosses kept sliding.
Japanese officials toughened their tone as USD/JPY held near 158. Learn the difference between talking a currency up and actually buying it.
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