Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Bitcoin keeps rising as bulls run wild
On Monday, Bitcoin reached the $3,000-level for the first time, while Ethereum managed to leap to another all-time peak because a monster soar keeps advancing amid bullish sentiment around the future of the cryptocurrencies.
Bitcoin got to a daily peak of $3,000.00, its highest value on record. Last it traded at $2,944.60, soaring $63.60 on the day.
According to other big exchanges, including Bitfinex, BitStamp and Poloniex, the cryptocurrency also reached the $3,000-level.
Since the beginning of the year, the price of bitcoin has inched up approximately 200%, thus taking the total value of the cryptocurrency in circulation to about $48 billion.
Recent revenues were probably driven by ascending demand in Asia, most notably China, South Korea and Japan.
As for other cryptocurrencies gained too, following bullishness around Bitcoin. For instance, another well-known cryptocurrncy Ethereum is currently gaining traction.
Similar
Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Latest news
Current Risks for Developed Economies
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
News for The Week
US stock markets started falling, while the US dollar is rising. What to expect from
Inflation Is in Focus Again
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
