Market Overview - Page 220

On Jan. 21 the cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000 mark for the first time since Jan. 4. Now that Bitcoin has lost the $32,000.

Japan’s industrial production likely declined again in December and retail sales are also expected to have slipped, a Reuters poll found, reinforcing worries a recent sharp increase in COVID-19 cases could derail a fragile economic recovery. The world’s third-largest economy.

The dollar steadied in a cautious Asia session on Friday but it is set to log its worst week of the year as investors welcomed the Joe Biden administration by seeking out riskier assets. Against the Japanese yen, the dollar.

As U.S. stock prices have marched to record highs, futures contracts for Wall Street’s “fear gauge” show some investors are buying insurance against market turbulence that could erupt if surprise glitches hit the U.S. rollout of COVID-19 vaccines. This hedging.

U.S. President Joe Biden will seek a five-year extension to the New START arms control treaty with Russia, the White House said on Thursday, in one of the first major foreign policy decisions of the new administration ahead of the.

Alphabet’s Google said on Friday it would block its search engine in Australia if the government proceeds with a new code that would force it and Facebook to pay media companies for the right to use their content. Google’s threat.

U.S. President Joe Biden and his predecessor Donald Trump may disagree about many things, but China isn’t one of them. Biden’s team has shown early signs that it agrees with the previous administration on several “extremely touchy” issues concerning China,.

China has so far failed to meet its purchase commitments for U.S. goods under the “phase one” trade deal that it struck with the Trump administration. As part of the “phase one” trade deal, China agreed to buy at least.

Demand for risk on global markets received renewed strength with confidence about large-scale stimulus in the US, as well as signs of a recovery in manufacturing activity and export earnings in Europe and China. Asian markets are reaching new highs.

The number of tether transactions on the Tron blockchain have passed Ethereum’s count for three consecutive weeks as fees on the number two blockchain remain high. Total weekly tether (USDT, -0.11%) transactions on Ethereum have held steady at around 1.5.

Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower. Data from Cointelegraph Markets and TradingView showed BTC/USD continuing its downtrend on Thursday, dropping 7.%.

Bitcoin closed in on the lowest in three weeks as the cryptocurrency’s sizzlying rally gives way to pessimism that prices are too high. Bitcoin tumbled 5.9% on Thursday, sliding below $33,000. The largest digital asset has trended lower ever since.