Cryptocurrencies, dollar bolstered on risk aversion: Market Overview

On the back of a relative pickup in rick aversion, stocks, crude oil and Treasury yields slipped while the safe-haven liquid U.S.

Bitcoin has jumped out of the tight range it was in the past 72 hours to above US $58,000 level although it appears to be in the strong resistance zone.

Ethereum has appreciated over ten fold year on year from its around $200 price level last year this time, promoting market watchers to think it may overtake its ancestor in the not too distant future.

On the news side, the market was caught up by an Imperial College study of the Pfizer vaccine among UK healthcare workers that found people who have had only one dose are at risk from covid variants.

Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile asset with a high level of risk.

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