ZEC Enters Price Discovery, BTC 50-Week MA Breakout Generally Precedes Rapid Continuation, HOOD Catalysts Starting to Get Recognized by the Market

Crypto snapped sharply higher today, with BTC gaining roughly 5% and crypto equities outperforming alongside a meaningful, albeit temporary, reversal lower in yields. We also saw the dollar move lower on the back of a strong rally in the yen, possibly the result of additional policymaker intervention (no confirmation on that though). The monetary-policy backdrop became somewhat more constructive over the past co...

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