Bitcoin Price Drops Below $8K to Hit 2-Month Low (news: 05/02/18)

Today's press

  • As cryptocurrencies across the board once again take a hit, bitcoin is exploring the downside below $8,000.

  • (Reuters) – U.S. stocks opened sharply lower on Monday as rising bond yields continued to fuel the selloff in equities and hints of inflation pickup triggered concerns that the Federal Reserve might have to raise interest rates more quickly.

  • Investing.com – A closely-watched gauge of U.S. service sector sentiment rose in January, according to a business survey released on Monday.

  • The dominantservices sector undershot expectations in January, confirming an impression of a slowing wider UKeconomy in early2018.

Next trading day's important events

  • 06:30 (GMT+3) AU – RBA Interest Rate Decision


Forex quotes:

  • USDJPY: 110.20
  • EURUSD: 1.2423


Indices:

  • S&P 500: 2761.68
  • NASDAQ: 7271.74

Source: Alpari

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