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Bitcoin tumbled down by 9.2% on Monday after hitting the record high during the weekend. First time in history, the crypto surpassed $61,000, trading at $61,742 on Saturday. Bitcoin skyrocketed to its latest all-time high. This was caused by traders’ optimism that some of the Covid-19 pandemic relief payments in the U.S. would end up …
Bitcoin declined after surpassing $61,742 on Saturday Read More »
Bitcoin tumbled down by 2.54% to $47,161.0 on Friday. After a bearish start of the day, the crypto dropped to a low $47,055.0 from an early morning high $48,389.0. It also left the major support and resistance levels untested thus far. The other major cryptos traded in the red as well. However, if Bitcoin …
Bitcoin declined by 2.54%. What about other cryptos? Read More »
Most governments look at the crypto industry with suspicion, often blaming it for money laundering, scams, and other criminal activities. The accusations are based mostly on the fact that cryptos are unable to control. The banks or authorities have no means to trace or freeze them, as they would do with the suspect’s or criminal’s …
Crypto investors assure Biden that they aren’t criminals Read More »
NFTs are non-fungible tokens, which caused much bustle on the market over the last month. While people use other digital coins for different purposes, NFTs only give holders ownership over digital artwork or collectibles. However, some experts think that with these tokens, customers will soon be able to buy nondigital art pieces artwork as well. …
NFTs enable collectors to buy digital art using blockchain Read More »
The U.S. dollar climbed up on Wednesday while the euro fell, reversing the “risk-on” trend of the previous 24 hours. China’s foreign ministry stated that it had received the abrupt notification about the escalation of recent U.S.-China tensions, causing the risk appetite in currency markets to diminish. As a result, the dollar partially erased its …
U.S. dollar edged up after the U.S.-China tensions increased Read More »
The U.S. currency held on to modest gains on Tuesday. The dollar index was higher by 0.27% at 97.686 against a basket of currencies. Traders were torn between optimism about economic growth rebounding and concerns that a surge in new COVID-19 cases could jeopardize fast V-shaped recovery. U.S. home sales and Chinese factory’s recent data …
U.S. dollar edged higher. How did other currencies fare? Read More »
The Euro rose by 0.2% to $1.1239 in Asia on Monday. According to experts, the currency may wrap up its best two months against the U.S. dollar in a year and a half. The hopes for an additional stimulus from a united EU and a fast regional recovery pushed the Euro ahead about 2.5% since …
European currencies rallied on Monday. What about Dollar? Read More »
The U.S. dollar wavered on a rise on Monday. However, riskier currencies edged up as investor sentiment swung between hopes for global economic recovery and concerns that a fresh wave of coronavirus cases could undermine the reopening of businesses. The greenback tumbled down by 0.2% to 97.303 against a basket of currencies, retreating from a …
U.S. dollar fluctuated while Yen and Swiss Franc gained Read More »
The U.S. dollar wavered as coronavirus infections rose in America. So far, Texas has seen one of the biggest jumps in new cases. The governor of Texas halted the state’s reopening on Thursday as hospitalizations increased. The greenback slid by 0.1% to 97.251 against a basket of other currencies. Meanwhile, the Australian dollar remained stuck …
Dollar declined on Friday as virus cases surged in the U.S. Read More »
The euro rallied on Friday. The currency is set for its biggest weekly rise in three weeks. The European Central Bank reaffirmed its dovish stance on its policy meeting, causing the struggling euro to surge forward again. The Central Bank faced the biggest economic contraction in a few generations this June. So, the ECB policymakers …
The Euro skyrocketed on Friday. What about other currencies? Read More »
The Japanese Yen plummeted down against the U.S. dollar on Thursday. The greenback traded at 107.18 yen, surging forward from the 1-1/2-month low of 106.075 touched on Tuesday. The dollar rallied on Thursday, its index soaring by 0.1% to 97.27 against a basket of currencies. The International Monetary Fund stated that it sees a deeper …
Japanese Yen fell against the U.S. dollar on Thursday Read More »
The U.S. dollar gained on Thursday, its index rising by 0.1% to 97.27 against a basket of currencies. A new increase in coronavirus cases in the United States, along with fresh trade tensions, undermined hopes for a rapid global recovery, prompting investors to move on risk-off currencies. In the United States, new daily virus cases …
Dollar continues gaining. What about commodity currencies? Read More »
European currencies lowered on Wednesday as selling pressure hit several of them. The sterling declined by more than a third of a percent. Meanwhile, the Euro lost some of the week’s gains, tumbling down by nearly 0.2%. Optimistic sentiment about the fast global economic recovery from the pandemic is tempering. Instead, traders are concerned that …
The Euro lowered on Wednesday. What about the Sterling? Read More »
The U.S. dollar surged forward on Wednesday after two straight days of losses. As such, forex markets are tempering hopes of a fast global economic recovery. The greenback soared by more than 0.2% against a basket of currencies, as risk-off sentiment strengthened in early trading in Europe. As a result, selling pressure hit several currencies, …
U.S. climbed up on Wednesday while risk-off currencies fell Read More »
