It’s an emotion-driven market right now and bitcoin has been a good forerunner of market sentiment so I’m keeping a close eye on it.
In the past 30 minutes or so, bitcoin is down $1000.
Ethereum is also down 3% and has given up all of yesterday’s gains and has been a disaster since the ETF launch.
Given these moves, I would have a cautious eye on the Nasdaq here and the risk trade more broadly.
This article was written by Adam Button at www.forexlive.com. Source