Bitcoin and altcoins are losing their current bullish momentum, but a renewed push from the equities market could kickstart a fresh rally in cryptocurrencies.
Could the S&P 500 index witness profit booking in the near term? Is the U.S. dollar index ripe for a recovery? What is the effect of these two asset classes on cryptocurrencies? Let’s study the charts to find out.The S&P 500 index rebounded off the 20-day exponential moving average on Nov. 30, indicating that bulls continue to view the dips as a buying opportunity.The price reached the downtrend line on Dec. 1 but the bulls failed to pierce this resistance.
If the price closes above the downtrend line, the bullish momentum could pick up further and the index may rally to 4,300.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scouting report: No. 4 Arizona Wildcats vs. Cal Golden BearsCal (0-8, 0-1 Pac-12) at No. 4 Arizona (6-1, 0-1 Pac-12) • McKale Center • 3 p.m. • Pac-12 Networks • 1290-AM, 107.5-FM
Read more »
Ready For Winter: 12 Fashion & Hair Trends From K-Pop StarsWinter descended upon South Korea all of a sudden, with fall quickly transitioning into winter in a heartbeat. But when it comes to fashion, it seems like K-pop celebrities are ready to brave the cold in style. Here are the trending accessories and key pieces that stars are wearing to keep warm while looking cool.
Read more »
Seahawks News 12/4: Gameday!Pre-Snap Reads 12/4: Gameday!
Read more »
12 new characters we want in the MCU's Spider-Man 4 movie | Digital TrendsThere are many new characters Tom Holland's Spider-Man could meet in his upcoming fourth solo film in the Marvel Cinematic Universe. Here are 12 possibilities.
Read more »
Inside SoCal: The Power of Mobility (12/4)One of the most decorated athletes shares her story on overcoming the odds, and the biggest game changer in orthopedics in decades.
Read more »