Forex Today: Bitcoin Reaches 6-Month High

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Bitcoin Up 40% Since 2022; Global Stocks Mostly Falling; Yen Strengthens, Aussie Weakens.

continued to rise firmly yesterday in weekend trading, reaching a new 6-month high price just below $24k.

Bitcoin is in a new long-term bullish trend and will likely see higher prices over the coming daysGlobal stock markets are mostly trading lower as the week beginsIn the Forex market, the US Dollar remains firm, but most of the action is in other currencies, notably the strong Japanese Yen and the weak Australian Dollar. remains within a valid bullish trend after reaching within just a few pips short of $1.09, so it is likely we will see higher prices there over the coming days.

Source: News Formal (newsformal.com)

 

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