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Bitcoin Lags as Unwinding of ‘Fed Trade’ Lifts US Stocks Above 200-Day Average

by Blockchain Daily Report
December 5, 2022
in Bitcoin
Reading Time: 1 min read
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Bitcoin Lags as Unwinding of ‘Fed Trade’ Lifts US Stocks Above 200-Day Average
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The S&P 500, Wall Road’s benchmark fairness index, has gained 16% in lower than two months to commerce above the widely-tracked 200-day transferring common for the primary time since early April. The USD/JPY pair, usually referred to as a turbo wager on the Fed coverage and U.S. charges, has dropped 11% to its 200-day transferring common. The greenback index, which tracks the dollar’s worth towards main fiat currencies, has additionally dropped beneath its 200-day common.



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