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 tacks on 10%, reviving from the previous week's steep selloff
On Tuesday, bitcoin managed to extend its revival in holiday-thinned trade, ascending 10% to head north more than a third from the previous week's minimums below $12,000.
Bitcoin, which appears to be the world's number one cryptocurrency, inched down almost 30% at one stage on Friday hitting $11,159.93 and, notwithstanding a late revival, faced its worst trading week since 2013. As a matter of fact, on the Luxembourg-based Bitstamp exchange at 0445 GMT, bitcoin was quoted approximately $15,049.
The most popular cryptocurrency around the globe has edged up approximately twentyfold since the beginning of 2017, soaring from less than $1,000 to $19,666 on December 17 on Bitstamp and also to more than $20,000 on other exchanges.
While bitcoin traders and financial experts are assured that the sag in its value happened to be a natural correction following a heady run-up in prices, there have been more warnings from key banks and market regulators.
Similar
Bitcoin falls below the $10,000 level
The digital asset could not stick above the 50-day SMA for a long time.
Is there a chance for the NZD?
New Zealand is going to release the level of quarterly retail sales on August 23, at 1:45 MT time.
Latest news
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
Deposit with your local payment systems
