Forex Today: Bitcoin Bounces Back

, with Bitcoin currently trading above the big round number at $20k. However, if we later see Bitcoin get established below $18,500 and Ethereum below $997, further sharp falls will be likely to happen.Stocks and some risk currencies have risen on a minor risk-on market rally triggered by speculation that the US administration is close to abolishing some tariffs on Chinese imported goods introduced by the previous Trump administration.

Daily new coronavirus cases globally rose again last week, against the long-term trend. It may be that the omicron subvariant BA5 will cause another significant wave.

Source: News Formal (newsformal.com)

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