Australian shares are set to open higher. Dow slides, S&P 500 slips, Nasdaq edges up. $A reaches for US70¢. Bitcoin rally intact.
Bitcoin is starting the year on a strong note, seemingly shaking off any negative sentiment it was mired in last year and on the verge of its longest winning streak in nearly a decade.
The surge has helped lift the overall value of digital assets to almost $US1 trillion, data from CoinMarketCap show, a level it fell below in November following the crisis surrounding the FTX exchange. “It seems that macro investors are coming back in, but tentatively, and BTC is the gateway asset – the one they would most likely onboard first,” wrote Noelle Acheson, author of the “Crypto Is Macro Now” newsletter.
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