Bitcoin fell from the FTSE 100 index as UK government yields rose


Difficulty Bitcoin currency (BTC) The overall downside risk is in European stocks this morning, hovering around the USD 69,000 level as the FTSE 100 index pulls back on the weight of bond yields.

US markets open an hour earlier due to daylight saving time (15:30 UTC), resulting in greater overlap with European shares. This massive merger could lead to massive economic growth and huge moves in Bitcoin’s price.

Traders are looking Digital currency To see if this disparity continues as Wall Street liquidity starts to hit the books.

Bond Alert: Will the FTSE 100 attract attention?

London markets are showing signs of stress today with the FTSE 100 index falling 1.04%, mainly affected by… A great ride In 10 years British government yield (Gilt).

An increase in yields makes the economy stronger and lowers risk-adjusted capital, which in turn lowers stock and cryptocurrency prices.

Most of the time it is fixed Bitcoin price changes The risk of the bond market will decrease, considering the impact of the stock on the rising cost of the economy.

However, as UK power and industry collapse, the crypto market is showing unexpected volatility. Normally, a UK productivity boom of this size would have led to immediate sales of digital products, but this time around, that relationship is starting to fizzle out.

Bitcoin Detachment from the FTSE 100: What’s Driving the Difference?

The correlation between the FTSE 100 and Bitcoin is currently neutral, indicating that cryptocurrencies are currently moving based on their own internal strategies rather than global concerns.

Source: JustETF

Driving this move is the continued influx of institutional investors into ETFs, creating a need to ignore the weakness of traditional stocks.

It displays data from CoinGlass A “Short Squeeze” took place on March 5, which eliminated more than $71,000 worth of opportunities, forcing sellers to hide their positions and increase the current situation.

With Bitcoin disappearing from exchanges due to a surge in venture capital, the supply side has become too thin to allow for a sharp decline as London stocks register a negative performance.

Analysts note that as long as ETF buyers, led by giants like BlackRock, continue to churn out daily releases, the gap could widen.

The main resistance is at the level of 74,000 USD; If the cow can get through, the yield issue will not be important in the short term.

Find out: The next digital currency that will explode in value

The Measurements That Change Everything: What Are Marketers Seeing?

Any retracement below the USD 71,000 level, at the start of the recent close, would negate the theory and re-direct BTC to a risk-adjusted trend.

Market participants are also looking at the 10-year US Treasury yield in the open; If they rise together with the UK bonds, the 71,000 USD grant will face a severe test.

An important level to watch to maintain a bullish view is 74,000 USD, as a break above this level indicates a complete break from the traditional market downtrend.

Source: TradingView

If this level works during the US, it will confirm that the market has taken the shock of the yield and the new direction.

When the opening bell rings in the US at 15:30 UTC, the volume of sales will determine whether this morning’s catch is a trap or a real event.

If ETF movements remain strong despite rising bond yields, Bitcoin may close out the day ignoring market volatility.

Discover the next cryptocurrency IPO opportunity

A note Bitcoin fell from the FTSE 100 index as UK government yields rose appeared for the first time Cryptonews Arabic.





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