In brief – U.S. stocks rose Monday as oil prices fell, with traders pricing in roughly an 80% chance of a December Fed rate hike. – CoinGlass showed $1.2 billion in 24-hour liquidations, including $324 million in Bitcoin positions. – Bitcoin’s weekly chart shows support near…
4,400 and the first upside hurdle around $76,040. After a tumultuous week across traditional and digital asset markets, Bitcoin has returned to prices last seen in early August, when the cryptocurrency mounted an impressive 25% gain in a single month
This time, though, $75,000 looks a bit different for crypto investors, now that BTC is on the way back down. So where does Bitcoin go next? Here’s what the charts look like.
U.S. stocks rebounded Monday as oil prices fell, with the S&P 500 up 1.9% and the Nasdaq Composite up 2.2% by 11:30 a.m. Eastern. Brent crude fell 4.3% to about $94 a barrel, giving the broader market a lift even as Nvidia shares slid in a move that spooked tech investors.