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crypto moves out of china

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Crypto Moves Out of China

Brent prices were heading towards $80 a barrel yesterday after OPEC+ countries broke off negotiations with the United Arab Emirates. The disagreements between Saudi Arabia and EAM threaten oil price stability and economic recovery. The personal battle between the two
blog china backslides while 1 7 21

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China Backslides while Taiwan Starts Talks with the US

The first half of 2021 closes with a proper vaccination campaign in developed nations, and the gradual lifting of global lockdowns. This has reflected good results for the dollar, 10-year US Treasuries, gold, oil, and the S&P 500, the big
blog gold on its way 30 6 21

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Gold on Its Way to Over 4-year Lows

Yesterday’s trading session was positive for the S&P500 and the Nasdaq. The S&P 500 was up 0.1% while during this morning’s Asian session, the Nasdaq was up 0.3%. The dollar firmed while 10-year US Treasuries and oil rose. Gold fell.
blog bitcoin could be 28 6 21

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Bitcoin Could be a Legal Tender at Mexico’s Banco Azteca

A new trading week begins today for global markets. After an eventful weekend for the cryptocurrency markets, Bitcoin is hovering around $34,455 at the time of writing. Certain events during the weekend have caused volatility in cryptocurrencies. In particular, the
blog china starts cutting 25 6 21

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China Starts Cutting Fiscal Stimulus as the Fed Mulls Over it

Yesterday, the People’s Bank of China (PBOC) raised the short-term cash rate for the first time since March. The gesture marks a shift in the economic approach to the post-COVID19 recovery. While the Federal Reserve (Fed) continues to debate how
blog bitcoin recovers from 23 6 21

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Bitcoin Recovers from Dramatic Fall Below $30,000

Bitcoin extended gains during today’s Asian trading session, rebounding from a fall below $30,000. The digital coin is trading at $34,154.70 at the time of writing. During Tuesday’s US trading session, Bitcoin fell 12% and was trading at $28,824 –