First Mover Asia: Bitcoin Rises on Encouraging Omicron News Before Falling Back; Ether Drops Slightly

First Mover Asia: Bitcoin Rises on Encouraging Omicron News Before Falling Back; Ether Drops Slightly
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin rose following gains in the traditional market.Technician’s take: Bitcoin is attempting to reverse its weekend sell-off, although upside appears limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $50,529 -.10%Ether (ETH): $4,303 -0.6%MarketsS&P 500: $4,686 +2%Dow Jones Industrial Average: $35,719 +1.4%Nasdaq: $15,686 +3%Gold: $1,783 +0.1%Market movesBitcoin spent most of Tuesday trading above $51,000 as the stock market rose sharply amid growing optimism that the new omicron coronavirus variant would be less damaging to the economy than previously thought. Bitcoin’s price had fallen back…