Bitcoin - Review from 10.10.2024

Financial and commodity markets analytics


Amid the mixed dynamics of the US dollar against various assets, the dollar has strengthened against Bitcoin. Cryptocurrency quotes have declined and are testing the support zone again, located around the $60000 mark. Overall, the price is in the middle of the range, which complicates trading decisions, especially before the publication of inflation data in the United States. News may cause an increase in quote volatility. In order to make trading decisions, it will be necessary to watch the market's reaction to the data release.