Today’s market highlights: Bitcoin rises to $7,200

Bitcoin pushes above $7,200: The crypto market showed a correction over the past 24 hours, as 9 of the top 10 cryptos were seen lower, after registering gains over the weekend. Bitcoin reached as high as $7,300 yesterday, before correcting slightly to hold above $7,200 at the time of writing.

Apple and Microsoft beat tech trend: The tech sector was seen mostly lower on Friday, as Facebook, Google, Netflix and other stocks were seen lower. However, the Nasdaq index was kept afloat due to gains were seen in Amazon and new all-time highs recorded by Apple and Microsoft.

US and Canada banks closed today: In observance of Labor Day, both US and Canadian markets and banks will be closed today, resulting in lower volatility and liquidity for instruments from these markets.

Asia opens lower: Markets in the East opened in the red this morning, as the Nikkei, Hang Seng and China50 indices registered losses.

Oil dips on rising outputs: Despite planned US sanctions against Iran in November, oil prices were on the decline this morning. The recent price dip is attributed to rising output from OPEC member countries and the US.

Europe opens lower: While the FTSE opened nearly flat, the DAX and CAC opened 28 and 6 points lower, respectively