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On Monday, the price of the digital currency Bitcoin went up above the $4,200 value for the first time in its nine-year history.
Bitcoin reached a maximum of $4,233.0 on the US-based Bitfinex exchange. Last it traded at $4,211.4, soaring $152.1 or about 3.75%.
Bitcoin has managed to quadruple or even more in value in 2017, and it has gained approximately 47% in August.
The given currency has ascended to a series of record maximums in recent trading sessions amid optimism that faster transactions times are going to speed up the overall spread of the cryptocurrency.
The previous week fresh software dubbed SegWit or Segregated Witness was adopted by the blockchain supporting Bitcoin. It’s considered to be a milestone for the cryptocurrency.
The given software was created as a solution to the cryptocurrency’s scaling issue that provoked a split also known as ‘hard fork’ on August 1 when the blockchain backing Bitcoin suddently split into two, generating Bitcoin Cash.
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
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