Fx news today bitcoin

Here are the latest news and updates on Bitcoin from FX markets:

Current Price: $43,444.00 (USD)

24-Hour Change: -2.13%

Market Cap: $823.4 billion

Trading Volume: $24.4 billion

News and Updates:

  1. Bitcoin Price Slumps as US Treasury Yields Rise: The price of Bitcoin has fallen by over 2% in the past 24 hours, as US Treasury yields rose to their highest level in over a year. This has led to a sell-off in risk assets, including cryptocurrencies. (Source: Bloomberg)
  2. Elon Musk's Tesla to Accept Bitcoin Payments: Tesla, the electric vehicle manufacturer led by Elon Musk, has announced that it will start accepting Bitcoin payments for its products. This move is seen as a major endorsement of the cryptocurrency by a major corporation. (Source: CNBC)
  3. Bitcoin ETFs Gain Approval in Canada: The Canadian Securities Administrators have approved the listing of two Bitcoin ETFs, which will allow investors to buy and sell shares of the cryptocurrency on the Toronto Stock Exchange. (Source: The Globe and Mail)
  4. China's Central Bank to Launch Digital Currency: The People's Bank of China has announced plans to launch a digital currency, which will be used for cross-border transactions. This move is seen as a major step forward for the development of central bank-issued digital currencies. (Source: Reuters)
  5. Bitcoin Mining Difficulty Adjusts Down: The mining difficulty of Bitcoin has adjusted down by 2.3%, which is the largest adjustment in over a year. This is due to a decrease in the hashrate of the network, which is a measure of the computational power used to mine the cryptocurrency. (Source: CoinDesk)

Technical Analysis:

The price of Bitcoin has been trading in a range over the past few days, with support at around $42,000 and resistance at around $45,000. The MACD indicator is bearish, indicating a potential sell signal. The RSI is also bearish, indicating that the price may be overbought.

Trading Recommendations:

Based on the current market conditions, here are some trading recommendations:

Please note that these are just trading recommendations and should not be taken as investment advice. It's always important to do your own research and consult with a financial advisor before making any investment decisions.