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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.
On Monday, the greenback kept soaring against the euro, yen as well as many other currencies amid the easing of fears of a trade conflict between China and the United States and a soar in the yield of US Treasuries…
On Friday, the US dollar slumped against the common currency during Asia trade after a moderate soar the day before…
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On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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