Crypto tumbles upon FTX liquidity crunch
EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔽
As US midterm results are revealed one by one, the stock market has continued to rally while the dollar weakens. The Dow once again recorded the highest gains by increasing over 1% to 33,160, S&P 500 and Nasdaq 100 rose 0.56% and 0.75% respectively.
However, the crypto market suffered heavily upon the news that FTX’s liquidity crunch, followed by a possible bailout by rival exchange Binance. Bitcoin has plunged to a two-year low at 18,419.0, and Ethereum also fell to 1,326.21.
EUR/USD has remained above parity at 1.0072, and GBP/USD closed higher at 1.1536. AUD/USD enjoyed modest gains to 0.6503. USD/CAD decreased to 1.3426, and USD/JPY dropped further to 145.62.
Spot gold has gone past the $1,700.00 level to $1,712.48 an ounce. WTI oil futures retreated to $88.91 a barrel, Mitrade expects US crude oil inventories will increase by 1.36 million barrels.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔽
As US midterm results are revealed one by one, the stock market has continued to rally while the dollar weakens. The Dow once again recorded the highest gains by increasing over 1% to 33,160, S&P 500 and Nasdaq 100 rose 0.56% and 0.75% respectively.
However, the crypto market suffered heavily upon the news that FTX’s liquidity crunch, followed by a possible bailout by rival exchange Binance. Bitcoin has plunged to a two-year low at 18,419.0, and Ethereum also fell to 1,326.21.
EUR/USD has remained above parity at 1.0072, and GBP/USD closed higher at 1.1536. AUD/USD enjoyed modest gains to 0.6503. USD/CAD decreased to 1.3426, and USD/JPY dropped further to 145.62.
Spot gold has gone past the $1,700.00 level to $1,712.48 an ounce. WTI oil futures retreated to $88.91 a barrel, Mitrade expects US crude oil inventories will increase by 1.36 million barrels.