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Bitcoin back to $US39K after Musk tweets

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Forex news for Asia trading on
Monday
14
June 2021

BTC/USD
surged in price from circa $36K after weekend lows just under $35K
when Tesla CEO Elon Musk indicated his firm will be accepting BTC
transactions once it confirms there is reasonable clean energy usage
by miners:

ICYMI,
the background to this is TSLA stopped
taking BTC back in mid-May due to concerns over how mining
contributes to climate change.

BTC/USD
traded as high as above $39.5K and as I post is straddling $39,000.

News
flow was light. We had the G7 Communique which was notable for quite
forceful views on China. There was no data that proved noteworthy.

Major
FX traded in a subdued fashion during the opening session to the week
here in Asia. USD/JPY tested towards its US (Friday) high above
109.80 but so far has not carried on higher from there. EUR, CHF,
GBP, AUD, NZD, CAD are all little changed from their late Friday
levels. Market holidays in Sydney, Melbourne, Hong Kong and China
ensured liquidity in amrekts was lessened during the session.

Gold
had lost a few dollars, its just above US$1866 as I post.  

btc chart wrap asia



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