The S&P 500, Wall Street’s benchmark equity index, has gained 16% in less than two months to trade above the widely-tracked 200-day moving average for the first time since early April. The USD/JPY pair, often called a turbo bet on the Fed policy and U.S. rates, has dropped 11% to its 200-day moving average. The dollar index, which tracks the greenback’s value against major fiat currencies, has also dropped below its 200-day average.
Source: https://www.coindesk.com/markets/2022/12/05/bitcoin-lags-as-unwinding-of-fed-trades-lifts-us-stocks-above-200-day-average/?utm_medium=referral&utm_source=rss&utm_campaign=headlines