First Mover Asia: Santa Claus Rally Sends Bitcoin North of $50K

Posted on by American Coins & Gold

First Mover Asia: Santa Claus Rally Sends Bitcoin North of K
(Edited by James Rubin)Good morning. Here’s what’s happening:Market moves: The crypto market cheers for a “Santa rally” as bitcoin crossed a key price level at $50,000.Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing the third in a series of stories on the year in cryptocurrency markets by CoinDesk markets analyst Damanick Dantes and Managing Editor of Markets Brad Keoun.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $50,691 +3.9%Ether (ETH): $4,104 +2.8%MarketsS&P 500: $4,725 +0.6%DJIA: $35,950 +0.5%Nasdaq: $15,653 +0.8%Gold: $1,808 +0.2%Market…