GBP/USD finds a support
During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline).
Bitcoin shows Christmas dive
The price of the popular cryptocurrency bitcoin was heading south on Christmas morning because it faced the aftermath of its greatest volatile period.
Christmas morning, bitcoin hit $14,090, as Markets Insider informed.
The cryptocurrency had dived approximately 1.1% of its value for the last 24 hours.
The movement happens to be a moderate loss after much sharper revenues earlier in the week, when this cryptocurrency declined from an all-time maximum of $19,843.
Its value has decreased more than 30% in a single week following a steep depreciation that started around December 17 and 18.
The currency briefly dived below $11,000, losing almost half its value in a couple of days.
After this bitcoin overleapt $15,000, but since that leapt it has been diving.
Nevertheless, the recent jump and dive still represents an enormous soar in value over the course of 2017.
A bitcoin purchased on January 1, 2017 has managed to increase in value more than twelve-fold notwithstanding the late December sag.
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The digital asset could not stick above the 50-day SMA for a long time.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
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