Cathie Wood acquires loads of Coinbase shares

FX:GBPUSD   British Pound / U.S. Dollar

The crypto market has received unexpected support from Cathie Wood of Ark Invest. Over 1.3 million Coinbase shares were purchased by the investment firm in November. Her optimistic outlook allowed bitcoin to recover to 16,535.0.

As investors await the latest Federal Reserve minutes, market sentiment has improved with the greenback retreating against its peers . EUR/USD rose 60 pips to 1.0302, GBP/USD gained 66 pips to 1.1883, and AUD/USD rose to 0.6648. USD/CAD suffered moderate losses at 1.3375. USD/JPY slid almost 100 pips to 141.24.

WTI oil futures moved up to $80.95 a barrel, due to a slowed decrease in US crude oil inventories. Spot gold was boosted by a weakened dollar and closed at $1,740.08 an ounce.

The S&P 500 reached 4003, the highest level in over two months, The Dow added almost 400 points (+1.18%) to 34,098, and the Nasdaq 100 increased to 11,724.