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Bitcoin leaps to $4,800 to lead crypto rally
The cryptocurrency market experienced an impressive price surge over the past 24 hours, as all top 10 cryptos registered noticeable gains. Leading the way was Bitcoin, which skyrocketed to more than $4,800 for the first time since November of last year. Later, Bitcoin showed a slight correction, and was trading around $4,600 at the time of writing.
4667.67 534.68 (12.94%)
Today’s highlights: Wall Street lifted by positive economic data
Wall Street rally continues: US markets maintained positive momentum yesterday, as the DJ30, SPX500 and NSDQ100 all registered gains of more than 1%. The tech sector showed strong performance, as Netflix climbed more than 2.9%, and both Google and Amazon climbed more than 1.8%, joined by Apple. The recent rally is attributed to positive manufacturing data out of the US and China, easing fears of a global economic slowdown.
Asian markets slightly higher: Despite the strong performance on Wall Street, markets in the East showed moderate gains, as both the JPN225 and HKG50 indices were seen slightly higher. In contrast, the China50 index was slightly lower at the time of writing.
Volatility expected for USD: The monthly Core Durable Goods Orders report is scheduled for release at 12:30 GMT, potentially impacting the greenback.
Oil reaches new high for 2019: Following reports that the US is considering expanding the sanctions on Iran oil exports, and a key export terminal in Venezuela halting operations, the black gold registered more gains yesterday, reaching a new yearly high.
GBP falls on Brexit deadlock: The UK Parliament once again failed to reach a decision when voting on a new Brexit deal, after taking control of the process from Prime Minister Theresa May. Following the vote, the British Pound fell around 1% against its major peers.
Europe opens higher: The UK100 opened 12 points higher, the GER30 was up 10 points and the FRA40 opened 2 points higher.
366.67 10.11 (2.84%)
1.1201 0 (0%)
61.76 -0.04 (-0.06%)
0.8584 0.0009 (0.1%)
Stocks earnings releases on 02/04/2019
Stocks earnings releases on 03/04/2019
SIGSignet Jewelers Limited (us)
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.
* Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
* The information above is not investment advice.