Dow Beats Back Bears with 200 Point Rally, Bitcoin Teeters Toward ‘Critical’ Support

The bulls are back in town ahead of the US trading session, at least for one more day, and a buoyant Dow looks poised to leap nearly 150 points at the stock market’s opening bell. The mood is a bit more sour in the cryptocurrency market, where the bitcoin price is careening toward an uncomfortable milestone and could soon test its critical support level.

As of 8:43 am ET, Dow Jones Industrial Average futures had gained 202 points or 0.83 percent, implying an opening bell pop of 138.76 points. S&P 500 and Nasdaq futures also forecast upward swings, with the former up 0.82 percent and the latter flashing a full 1.11 percent gain.

Reference: https://www.ccn.com/dow-beats-back-bears-with-200-point-rally-bitcoin-teeters-toward-critical-support/

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