Now you are reading
Bitcoin exchange rate (BTC / USD) hit its new cyclical low yesterday

Bitcoin exchange rate (BTC / USD) hit its new cyclical low yesterday

created Forex ClubNovember 9 2022

The main US stock market indices continued yesterday's attempt to recover from last week's losses (S&P 500 + 0,56%, DJIA +1,02%, Nasdaq Composite +0,49%), but remained below the levels of their local highs at the end of October. This morning around 9,25 futures on S & P 500 showed a slight change (+0,1%).

Take it easy in the stock markets

There was no dominant trend in the Asian and Oceania stock markets today. The strongest - by more than 2 percent. - Taiwanese TAIEX increased, and the largest decrease - by 1,2 percent. Hang Seng noted.

The main indices of the European stock markets (DAX -0,34%, CAC 40 -0,11%, FTSE 250 -0,37%).

At the beginning of Wednesday's session, WIG-20 reached the highest level since the last decade of August, but later the scale of growth was reduced to almost zero (around 9:40 +0,04%). Among the ingredients mWIG 40 Bank Handlowy's share price today reached its highest level since 2018.

Generally Yields of 10Y government bonds in developed countries fell this morning. The profitability of the 10-year bond of the Polish government, which in October surpassed the level of its peak in June, at some point exceeding the level of 9%. This morning it fell to 7,671 percent.

Commodities down, BTC as well

Yesterday to the lowest level since the end of February this year. The prices of hard coal contracts on the Rotterdam stock exchange fell. Crude oil contracts on NYMEX (WTI -0,65%) and ICE (Brent -0,55%) fell slightly this morning. On the other hand, the prices of American natural gas on NYMEX rose slightly (+0,65% around 9:20).

The price of copper contracts was slightly falling this morning (-0,43% around 9:20), while precious metals contracts were cosmetically more expensive (gold + 0,1%, silver + 0,52%, platinum + 0,68 percent, palladium + 0,23 percent). Yesterday, the price of coffee contracts on ICE was the lowest in over a year.

The US dollar was slightly weakening this morning (around 9:20) USD / JPY -0,23%, EUR / USD ++ 0,06%).

This morning the Polish zloty was weakening slightly (EUR / PLN +0,13%, USD / PLN +0,07%).

Bitcoin's exchange rate against the US dollar, despite making up for even greater initial losses, yesterday had a very strong decline of almost 10%. during the day, falling below its cyclical June low and thus hitting its almost two-year low. Today morning BTC / USD exchange rate it remained above the level of its yesterday's minimum, but fell at approx. 9:15 by 1,84%

Source: Wojciech Białek, OANDA TMS Brokers

What do you think?
I like it
Heh ...
I do not like
About the Author
Forex Club
Forex Club is one of the largest and oldest Polish investment portals - forex and trading tools. It is an original project launched in 2008 and a recognizable brand focused on the currency market.