Bitcoin BTC Bitcoinprice marketupdate Bitcoin climbs above $19,500 after the U.K. reverses course on tax cuts
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As a result of improving conditions, the major stock market indices managed to recoup their Friday losses, with the S&P, Dow and Nasdaq finishing the day in the green, up 2.65%, 1.86%, and 3.43%, respectively. “Bulls and bears continue to fight for control, with neither having a decided edge,” Wyckoff said. “That suggests more choppy and sideways trading in the near term.”The bullish day in the stock market was aided by a pullback in the DXY, which gave back the gains it made last week to trade near 112.08.
From a bigger picture perspective, Poppe indicated that this “means that we’re at the end of this run of the DXY and yields,” which led the analyst to suggest that it is “Time for risk-on. Time for Bitcoin.”
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