Time to buy the world’s worst currencies
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Bitcoin and Ethereum leap as cryptocurrencies shrug off weekend dip
On Monday, prices of Bitcoin and Ethereum stopped their recent dip, rebounding after facing heavy losses over the weekend on the back of concerns over a cryptocurrency bubble.
On the U.S.-based GDAX exchange Bitcoin showed $2,081.10, soaring 6.6%.
On Sunday, the cryptocurrency dipped approximately 13% from above $2,000 to $1,758.20. The given outcome hasn’t been observed since May 16. It’s because traders remained wary of initiating huge positions amid ascending worries over the future of the digital coin.
Bitcoin prices have gone down nearly 30% since reaching an all-time peak of $3,000 on June 11. Notwithstanding recent losses, it’s still up almost 62% since the beginning of 2017.
At the same time, Ethereum managed to rally 15.2%, hitting $179.64 during early trade. On Sunday, the cryptocurrency sagged 20%, hitting $130.26, which is its lowest outcome in more than a month.
The previous week Ethereum demonstrated its fourth weekly loss in a row amid worries that the cryptocurrency experiences a period of correction after getting to record peaks.
Similar
Pound dropped as Boris Johnson’s health got worse
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
Employment data may make the USD volatile
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
Latest news
US FED: coming to rescue
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
Time to buy the world’s worst currencies
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
What moves the market on April 9?
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N
Deposit with your local payment systems
