Check out today's BTCUSD Forex Signal-
Bitcoin jumped to a high of $27,372, much higher than this week’s low of 25,763. This price is almost 12% below the highest point in April.The BTC/USD pair jumped after Tether announced that it will buy Bitcoin with some of the profits. The company will allocate about 15% of its profits to Bitcoin and gold. Tether also owns gold as part of its basket of assets.
Bitcoin also rose as its correlation with American stocks continued. In the United States, all the major indices jumped by more than 100 basis points. The tech-heavy Nasdaq100 index jumped by over 140 points while the Dow Jones and S&P 500 indices rose by 400 and 50 points, respectively. At the same time, the US dollar index also jumped by over 20 basis points.
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