Bitcoin pause post inflation rally on recession fears

Bitcoin pause post inflation rally on recession fears

Bitcoin price extended its increase and surged above $21600 early this week, which is the highest level since September 2022. While the last 2 sessions we saw that the price of Bitcoin and other cryptocurrency pairs struggling to break new highs following the release of weak economic data added to worries about a looming recession.

Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global stock markets started the new week on a bullish note with Chinese equities the star performer. This week, Investors and traders should shift their emphasis from inflation risks to the Q4 earnings season. The fourth quarter earnings season is expected to be strong with sectors such as banking, entertainment and airlines likely to report the latest financial results.