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Tag: Bitcoin

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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 UK’s financial watchdog has banned cryptocurrency exchange Binance Markets from
blog antitrust laws 24 6 21
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Antitrust Laws may Put US Tech Giants in the Law’s Crosshairs

Yesterday, the US markets closed the trading session with little changes. The S&P 500 closed down 0.1% while the Nasdaq reached another record high thanks to Tesla’s rally. The Nasdaq could be affected if a series of U.S. antitrust measures that would allow other technology companies to gain market share
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 – a level below $30,000 the digital coin hadn’t fallen to
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Bitcoin Keeps Plunging After China Escalates Crypto Crackdown

The price of Bitcoin and other cryptocurrencies plunged on Monday as China’s central bank gathered officials from the country’s biggest banks and payment processors to recap on a cryptocurrency services ban and to instruct them to adopt a more active role in restraining cryptocurrency trading and activities involving digital assets.
blog ny fed forecasts 15 6 21
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NY Fed Forecasts Higher Inflation & WTI Hits $71.08

Yesterday, amid rumors of creeping inflation, the S&P 500 and Nasdaq 100 touched record highs increasing by 0.2% and 0.9% respectively. Crude oil continues to hover around $70 a barrel, with West Texas Intermediate (WTI) at $71.08 a barrel, at the time of writing. Gold fell 0.1% and Treasury yields
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G7 Nations & the Fed Meet, Musk Boosts Bitcoin

This week several economic and political events could be affecting the markets as Biden is in Europe, the G7 summit is taking place, the Federal Reserve is meeting to discuss last week’s inflation data, and, perhaps thanks to Elon Musk we could be witnessing a Bitcoin rally again. This morning’s
blog bitcoin price tumbles 9 6 21
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Bitcoin Price Tumbles as U.S. Successfully Retrieves Crypto Ransom

Bitcoin dropped to a two-week low on Tuesday falling as much as 9.9% to $31,036. Even though the reason for the slump is unclear, the major selloff might have been triggered by concerns over the cryptocurrency’s security after U.S. officials managed to recover about 85 percent of the Bitcoin ransom
blog cryptos in the spotlight 4 6 21
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Cryptos in the Spotlight Again

The finance minister of Norway, Jan Tore Sanner, set himself apart from crypto critics when he suggested that cryptocurrencies will eventually move past their swings in volatility and reach a period of “breakthroughs”. During an interview on Tuesday, he stated: “It is clear that there may be a development over
blog china releases data 31 5 21
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China Releases Data While Bitcoin Dips Below 35K

A new trading week is beginning today with the US and UK markets closed for Memorial Day and the spring bank holiday respectively. Bitcoin is trading below $35,000 and Asian markets are off to a strong start for the trading session on the back of Chinese economic data releases. Early
blog gold vs crypto 28 5 21
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Gold vs Crypto: The Debate Goes on as the Tables Turn

Gold has recorded rises this month while cryptocurrencies are rapidly dropping. The divergence in direction has brought to the forefront the debate of whether the two assets are correlated. Gold has reached its highest levels since October and prices have almost touched $1,900 per ounce. The rise can be attributed