Bitcoin Stabilizes After Weekend Sell-Off; Resistance Around $58K

Bitcoin is holding support above $50,000 after reaching oversold levels last week.

The relative strength index on the four-hour chart registered an oversold reading on April 17 and made a higher low on April 23.

Despite the ongoing bounce, there are no clear bullish reversal signs for bitcoin.

Bitcoin prices were rebounding on Monday, as investors shook off troubles over a Turkish exchange, but the popular cryptocurrency still remained just above the key $50,000 level.

Obviously, investors are confident in Disney’s future recovery from the pandemic.

Online sports betting and gaming company Super Group has agreed to go public via a merger with Sports Entertainment Acquisition , a special purpose acquisition company, or SPAC.

New York timeThe Dow Jones Industrial Average slipped 0.2%The Russell 2000 Index rose 1.2%The Stoxx Europe 600 rose 0.3%The MSCI Emerging Markets Index rose 0.6%CurrenciesThe Bloomberg Dollar Spot Index was little changedThe euro was little changed at $1.2089The British pound rose 0.2% to $1.3905The Japanese yen fell 0.2% to 108.13 per dollarBondsThe yield on 10-year Treasuries advanced one basis point to 1.57%Germany’s 10-year yield was little changed at -0.25%Britain’s 10-year yield advanced one basis point to 0.76%CommoditiesWest Texas Intermediate crude fell 0.3% to $62 a barrelGold futures rose 0.2% to $1,781 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

to 492 billion yuan, Chan said.

When the Federal Open Market Committee begins its two-day meeting on Tuesday, it ought to consider whether its policies aimed to bolster housing may be having negative side effects.

Tesla Inc.

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