Risk-sensitive currencies moved sharply lower, one being the Australian Dollar, losing near 1.5% versus the Greenback. The market effects were not contained to just US equity and bond markets.
Still, markets largely looked past the Vice Fed Chair’s comments, remaining transfixed on the surprise CPI overshoot. Fed Vice Chair Richard Clarida spoke on Bloomberg TV, defending the Fed’s stance saying, “Over the next few months 12-month measures of inflation are expected to move above our 2% longer-run goal, largely reflecting, I believe, transitory factors, such as a run of year-over-year comparisons with the depressed prices recorded last year.” The US Dollar tracked US government bond yields higher as traders digested the economic news. Equities went into a tailspin as rate traders moved against the Federal Reserve’s “transitory” narrative. Treasury yields quickly shifted higher following the price data, with the benchmark 10-year yield rising to as high as 1.699%. Bitcoin Daily ChartĬhart created with TradingView Thursday’s Asia-Pacific OutlookĪsia-Pacific markets are likely to open lower on Thursday after a blowout Consumer Price Index (CPI) print sent markets into a frenzy. Support from near the 61.8% Fibonacci retracement appeared supportive, but MACD and RSI are signaling a weak stance. BTC/USD’s technical posture was weakened, with the 100-day Simple Moving Average (SMA) being breached. Musk’s statement caught traders off guard. Mr Musk noted the environmental impact, saying “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Tesla ’s stock was down just over 1% in after-hours.īitcoin dropped over 7% on the news, and while not necessarily an unusual move for the volatile crypto asset, it does showcase that Mr. Tesla’s CEO Elon Musk tweeted a statement announcing the suspension of Bitcoin payments for Tesla vehicle purchases. Start Quiz Breaking News – Bitcoin Drops as Tesla Suspends BTC purchasesĮarly Thursday – several hours after the New York closing bell – Bitcoin made a sudden and sharp drop.
#Bitcoin price aud full#
See the summary chart below and full details and charts on DailyFX:
#Bitcoin price aud update#
0 kommentar(er)
