Weekly Cryptonews
What news has been happening in the crypto market this week?
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.
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The British pound continues to go down as political risks intensify.
A lot of political uncertainties are driving the British pound down.
The USD may be supported by the releases
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
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Gold heads south on tumbling greenback
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European equities conclude in positive territory for the fifth consecutive week
On Friday, European stock indices fluctuated at the beginning of the trading session…
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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