The $BTCUSD remained in a consolidation phase after staging a strong comeback last week. Get our Forex signal here:
Bitcoin was trading at $20,653, which was slightly below last week’s high of $21,000. It remains about 13.90% above the lowest level this month.The BTC/USD price made a strong recovery last week as global sentiment improved. Its bullish comeback coincided with a sharp decline in the US dollar and the strong stocks comeback. The US dollar index slipped from a high of $115 to about $110.
According to FactSet, about 52% of all companies in the S&P 500 index have published their results. Of these firms, 71% of them published a positive EPS surprise while 68% had a revenue surprise. The blended earnings growth was 2.2%, the slowest growth since 2020. Tech giants like Meta Platforms, Amazon, and Alphabet disappointed.
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