Bitcoin above $30,000 – Corriere.it
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Pi sign for European Stock Exchanges awaiting the data on American inflation and the minutes of the Fed which will be released on April 12th. Investors are moved by cautious optimism despite the approach of what could be the worst quarterly season since the lows of the pandemic and the persistence of doubts about the health of the financial system, after the crashes on both sides of the ocean. Milan and Paris advance by 0.8%, Frankfurt by 0.5% and London by 0.4%. in the wake of the good performance of the Asian price lists (here the data in real time). Risk appetite is also measured by the run of bitcoin, which rose above $30,000 for the first time since June 2022.
BTP-Bund
On the other hand, yields on government bonds rose, with the Btp-Bund spread showing little movement at 185 basis points and the Italian 10-year bond rising by six points to 4.08%. On the energy front, the good momentum of oil continues (+0.8%), with WTI at 80.4 dollars a barrel and Brent at 84.8 dollars, in the wake of OPEC+’s decision to cut production. The euro gains ground against the dollar (+0.35%)back from two rising sessions, with which it trades around 1.09.
Business Square
On the equity front, cyclical stocks, correlated to the trend of the economy, such as mining (+1.4%) and cars (+1.9%) are doing well in Europe. In Piazza Affari, Cnh (+3.1%), Saipem (+3.1%), Diasorin (+3%), Iveco (+2.7%) and Mps (+2.3%) shine while Lazio (+4.4%) runs outside the Ftse Mib, consolidating second place in the league after the success against Juve.
Btitcoin above $30,000
Meanwhile, the price of bitcoin, the cryptocurrency with the largest capitalization, has exceeded the threshold of 30 thousand dollars (27,573 euros) for the first time since June 2022, prolonging the rebound led by the financial tensions that have shaken the markets in recent weeks after the intervention of various entities in the United States and the bailout of Credit Suisse. In the past 24 hours, the price of bitcoin soared more than 6% to hit a high of $30,397, according to CoinGecko. In the last month, the benchmark cryptocurrency has appreciated by more than 46%. In addition to the recent tensions in the financial sector, the price of the cryptocurrency has also been helped by expectations that the US Federal Reserve’s rate hike cycle will end sooner than expected.
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