Price analysis 3/6: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
The United States equities markets are trying to extend their recovery at the start of the new week. One of the reasons that could be boosting investor confidence is that the yield on the benchmark 10-year note has slipped further to 3.924%.However, the bullish sentiment of the equities markets has not rubbed off on the cryptocurrency markets which continue to underperform.
Bitcoin’s (BTC) tight range trading since March 4 suggests that there is uncertainty about the next directional move. Generally, periods of low volatility are followed by a pick-up in volatility.
The congressional testimony of Federal Reserve Chair Jerome Powell on March 7 and March 8 will be watched for the outlook on inflation and rate hikes.
Later, on March 10, the release of February's job report could add to the volatility.Could the strength in the U.S. equities markets and the weakness in the U.S.
Read more on cointelegraph.com
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