Historically, stocks mostly trade above these long-term trend indicators in a roaring bull market. In the event of declines such as the current one, they tend to fall below the 200-DMA, an indication of deep-rooted weakness in the market. The 200-DMA signifies a stock’s trend over the past year. A year has roughly 200 trading sessions.
Bitcoin hits new record high at $112,737.08
Bitcoin surged to a new all-time high, rising 1.77% to $112,737.08 on investor optimism and growing institutional interest.