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blog bitcoin falls under 17 05 22

Bitcoin falls under $45,000; Global Interest Rates & Inflation

Bitcoin dipped below the $45,000 mark as Tesla CEO Elon Musk hinted on Twitter that they could be selling Bitcoin. US markets closed in the green on Friday after a choppy week of inflation data, stagnant retail sales, and a slight drop in 10-year Treasuries.

Today, Monday, Federal Reserve Vice Chairman Richard Clarida is scheduled to give a speech. If the speech is seen as an intention to raise rates at the next FOMC meeting, this could have a positive impact on the US dollar (USD). If the opposite is true, it may hurt the currency. On Wednesday, the latest minutes of the April meeting will be released. The notes could provide investors with an insight as to how the Fed views the recovery and what they consider “transitory” in terms of inflation.

In addition, today, Monday, Bank of England (BoE) members of the MPC (Monetary Policy Committee) are scheduled to speak, and their speeches could signal the possible direction of the country’s interest rates. Meanwhile, Mc Caul will speak for the European Central Bank (ECB).

In the Asian continent, China has published today, Monday morning, some data such as retail sales, industrial production, and fixed asset investment which has caused the country’s shares to rise. Trade the new financial week with Traders Trust a trusted broker that has been offering traders excellent trading conditions for more than a decade. Enter the 11th anniversary Live Trading Competition for your chance to win $10,000 in cash prizes and an iPhone 12 every month.