Is the winter of cryptomarket finally over? Or do we get ahead of ourselves when making this statement?
Greenback stabilizes after selloff
On Monday, the major US currency soared, drifting away from the previous week's dips versus its major counterparts after North Korea commemorated the anniversary of its founding without conducting any further nuclear or missile tests.
The greenback gained 0.5% versus its perceived safe-haven Japanese rival reaching 108.42 yen, drifting away from a 10-month minimum of 107.32 yen hit on Friday. The Japanese yen tends to derive benefits during times of political and economic uncertainty because of Japan's net creditor nation status.
Evidently, relief over the lack of any further provocative action by North Korea has provoked short-covering in the greenback, as some financial experts state.
Tracking the US currency unit against a basket of six crucial currencies, the US dollar index grew 0.2% hitting 91.522 having skidded to a 2-1/2 year minimum of 91.011 on Friday.
The common currency slid 0.2% reaching $1.2013, having ascended to $1.2092 on Friday.
On Thursday, the major US currency rebounded from its unexpected dive following dismal economic data that sparked fears about the strength of the American economy and also backed the Fed’s intention to leave rates on hold in the nearer future…
On Thursday, Bitcoin was still below the psychologically crucial $4,000 mark without any clear driver…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…