The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Bitcoin rallies as China’s mining company considers American listing
On Tuesday, crypto assets were quite mixed against the backdrop of news that a Chinese Bitcoin mining firm relishes a thought of making a public listing in America.
Eventually, Bitcoin managed to leap by up to 0.8% ending up with a result of $4,012.20 on the Investing.com Index.
China’s number two maker of hardware utilized by miners, Canaan is currently considering an initial public offering having given up an idea of listing in Hong Kong. That’s what Bloomberg revealed.
As Bloomberg informed, the listing might take place in the first half of this year.
In general, digital coins dived a bit, with the overall coin market capitalization at about $136 billion in contrast with $138 billion recorded on Monday.
Additionally, Ethereum slumped by 0.4% being worth $150.61. As for Litecoin, this digital currency hit $39.425, adding 4.6%. Meanwhile, XRP gained 0.2% reaching $0.364.
In addition to this, on Tuesday, the Bank for International Settlements told that most major financial institutions are reluctant to have e-currency issued any time soon.
The poll from the BIS discovered that the vast majority of financial institutions are uncertain about crypto assets. The BIS stressed that banks aren’t assured that costs will be outweighed by benefits.
The report came with responses from up to 63 major financial institutions. Only five banks have started some type of e-money pilot program. For example, these are the banks of Uruguay and Sweden, the Bank of England, the Bank of Japan as well as the European Central Bank. More than 85% of financial institutions polled told they were reluctant to issue any type of digital asset in the next three years.
The Swiss-based BIS told that physical cash won’t be the key answer to meet the payment needs of the future.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.