“The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.”, — write: www.coindesk.com
Bitcoin (BTC): $63,558.29 +0.07%
Ether (ETH): $2,642.62 -0.1%
S&P 500: 5,718.57 +0.28%
Gold: $2,632.34 +0.23%
Nikkei 225: 37,940.59 +0.57%
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VJGWCSZXU5EHBJUJ4Q37OXM5U4.png)
(TradingView)- The chart shows the ratio of copper’s per pound market price to the per ounce price of gold.
- The ratio has jumped 2.3% today, offering positive cues to risk assets, including cryptocurrencies, in the wake of China’s large stimulus announcement.
- The ratio dropped sharply in July, signaling an impending risk aversion, which materialized in early August.
- Source: TradingView
Edited by Sheldon Reback.
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