Market Overview - Page 252

XRP price spiked to over $0.90 on U.S. cryptocurrency exchange Coinbase on Nov. 24 only to crash back down by roughly 30% in seconds. This was the highest price level since May 2018. XRP frenzy driven by Coinbase usersThe rally.

Global markets returned to growth on Tuesday, with demand for value stocks returning amid stronger-than-expected business reports in the US and several other countries. Strong preliminary PMI reports for Services and Manufacturing in November came as a surprise to markets.

Stocks gained on Tuesday as the formal go-ahead for U.S. President-elect Joe Biden to begin his transition added to an already brighter mood from progress made on COVID-19 vaccines and the prospects for a speedy global economic revival. European markets.

General Services Administration chief Emily Murphy on Monday told President-elect Joe Biden that the Trump administration is making federal resources available for his transition into office. The letter from Murphy, who had withheld her decision on ascertaining Biden’s electoral victory.

The data from the US today came as a pleasant surprise to the dollar. Preliminary PMI numbers showed an increase in the composite index from 56.3 to 57.9 against an expected drop to 54.5. Both the manufacturing and service sector.

U.S. stocks rose and the dollar weakened as investors moved into trades that bet on a surge in economic activity once vaccines become widely available. The S&P 500 bounced back from its end-of-the-week selloff after AstraZeneca Plc said its shot.

Bitcoin whales and trading vs. holdingThe number of addresses holding at least 1 bitcoin increased at an unrelenting pace from the end of 2013 to the 2018 crash. It picked up again in 2019, then leveled off again this spring..

Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs. According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements.

Oil prices rose more than 1% on Monday, extending last week’s gains as traders anticipated coronavirus vaccine trials would spur a recovery in demand. Sentiment was also bolstered by expectations that the Organization of the Petroleum Exporting Countries (OPEC), Russia.

Bitcoin is back. The cryptocurrency last week passed the $18,000 level for the first time since its all-time peak in December 2017. As the digital currency — which is up over 150% this year — moves closer than ever to.

U.S. stock market futures were higher Monday after AstraZeneca and the University of Oxford said their coronavirus vaccine was up to 90% effective, becoming the third inoculation this month that was revealed to be effective in trial data. Futures contracts.

U.K. Prime Minister Boris Johnson is expected to announce Monday that a nationwide lockdown in England will be lifted in early December. However, the lifting of restrictions that have seen leisure and hospitality venues and most shops close will come.