Forex Today: Bitcoin and Ethereum Capped by Resistance

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Forex Today: Bitcoin and Ethereum Capped by Resistance
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The two major cryptocurrencies turn bearish after failing to clear key resistance levels. - Bitcoin and Etherum. Read more:

The recent sell-off in government bonds has eased, on abating fears of increased US rate hikes in 2022. US treasuries remain close to multi-month lows. Most global stock markets have traded higher over the past day.

Over the short term, the AUD is strong while the USD is weak – indicating “risk-on” sentiment in the market. Over the longer term, there is a bullish trend in the US dollar., suggesting that the omicron variant wave may have already peaked worldwide.

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