Forex Today: Ethereum Hits All-Time High, Stocks Sideways

Sari Holtz

Bitcoin price surpasses $52,000 before paring gains.

  • Ethereum (ETH), the second-largest cryptocurrency, hit an all-time high price of $1918.52 during Thursday's Asian trading session before scaling back slightly. The cryptocurrency remains up over 2 percent for the day, trading just below the $1900 level. The surge was prompted by the frenzy surrounding Bitcoin which has sent the leading cryptocurrency to new highs and returned trader interest to the crypto market.
  •  U.S. stock futures are pointing to a lower open on Thursday as traders wait for initial jobless claims data which will be released later today.
  • Several key players in the GameStop drama are expected to testify before Congress today and to decry the actions of fledgling investment platform Robinhood.
  • Apple stocks closed below their 50-day moving average on Wednesday as Vanguard and Warren Buffet trimmed their holdings. Want to get in on Apple's low price? Trade Now!
  • The dollar remained unchanged against the yen on Thursday, though it slid modestly lower against the British pound, the euro, and the Australian dollar.
  • Nearly 400,000 people were diagnosed with the COVID-19 on Wednesday, though the trend remains notably lower than January highs when there were nearly 900,000 diagnoses per day. 
Sari Holtz

Sari Holtz began working at DailyForex in 2011 when she was hired to provide daily news analysis and to manage the daily content. Since then, she has continued to provide regular news items that focus on how political events impact the global economy. She also works directly with dozens of Forex brokers worldwide to ensure that they get their messages across and that traders can find the best broker for their individual needs.

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