Stocks Down, Bitcoin Up

bitcoin eth crypto prices oct 2020

Stocks are down today with Dow Jones down by 0.3% while Footsie has fallen by 0.6%. Thats following a stalemate on the stimulus bill with Democrats setting Tuesday as a deadline for a vote, while the Republican-controlled Senate has signaled opposition to a large bill. The British Pound is up however after Boris Johnson softened on negotiations following Macron’s statement that UK needs Europe more. While crude oil is sidewaying at $42 amid uncertainty following potential new restrictions as winter brings new cases. But gold has been slightly recovering, and more importantly, even though stocks are down, bitcoin and ethereum are up today. Interestingly it may well be that bitcoin is leading as eth has given some ground slightly on the ratio, although both are up with eth nearing $385 while bitcoin has touched $11,800. Whether it will pass that $12,000 formidable resistance, remains to be seen, but what may…

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