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Market Overview - Page 268


Almost half a billion USDT minted in past 36 hours as Bitcoin rallies
Almost half a billion USDT minted in past 36 hours as Bitcoin rallies

The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours. As shown by blockchain tracker Whale Alert, two transactions of.

Dollar steadies above seven-week lows as markets await clarity on U.S. stimulus
Dollar steadies above seven-week lows as markets await clarity on U.S. stimulus

The dollar was steady above seven-week lows on Thursday, gaining some respite as hopes of a fiscal package in the United States ahead of the November elections crumbled once again. Progress towards a U.S. stimulus deal has boosted sentiment in.

PayPal to allow cryptocurrency buying, selling and shopping on its network
PayPal to allow cryptocurrency buying, selling and shopping on its network

PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. PayPal customers will also be able to use cryptocurrencies to shop.

Why Germany’s coronavirus strategy might come back to haunt it
Why Germany’s coronavirus strategy might come back to haunt it

Germany’s coronavirus epidemic, and strategy to deal with the virus, has not been the same as its European counterparts. This might be a good thing, given that Germany has recorded 397,922 cases of the virus, far lower than Spain, which.

IMF says Asia’s economy will shrink more in 2020 than it previously thought
IMF says Asia’s economy will shrink more in 2020 than it previously thought

Asia’s economic contraction this year will be worse than previously thought as several emerging markets in the region have slowed down sharply while battling the coronavirus outbreak, the International Monetary Fund said on Wednesday. Asia is forecast to shrink by.

Bitcoin breaks above $12.3K after PayPal says Venmo will become a BTC wallet
Bitcoin breaks above $12.3K after PayPal says Venmo will become a BTC wallet

Bitcoin (BTC) gained almost 5% on Oct. 21 as bullish price action combined with fresh corporate adoption news to boost gains. Data from Cointelegraph Markets and Coin360 showed a strong 24 hours for bulls on Wednesday, with BTC/USD topping out.

Stimulus package is unlikely to get through Congress before the election, Goldman Sachs says
Stimulus package is unlikely to get through Congress before the election, Goldman Sachs says

Amid a continuing deadlock over the most important matters at hand, there’s little chance that Congress will pass economic stimulus before the Nov. 3 election, according to Goldman Sachs. Less than two weeks before Election Day, chief negotiators for their.

Shares of US Tech giants stagnate and risk pulling markets down
Shares of US Tech giants stagnate and risk pulling markets down

The demand for risk assets in global markets is growing. Democrats in the USA and the White House are closer to agreeing on a stimulus package, despite the opposition of the Republican Party. Progress in the discussion of this programme.

Futures Traders Aren’t as Bullish This Time Around as Bitcoin Price Revisits $12,000
Futures Traders Aren’t as Bullish This Time Around as Bitcoin Price Revisits $12,000

Cryptocurrency traders showed significantly less enthusiasm as bitcoin traded at $12,000 Tuesday compared to when bitcoin reached the same level nearly two months ago, based on futures funding rates from multiple exchanges. When bitcoin traded near $12,000 throughout August, finally.

Fed May Be Stuck with Forever Stimulus as Exit from QE Impeded
Fed May Be Stuck with Forever Stimulus as Exit from QE Impeded

The Federal Reserve and other central banks will eventually discover that breaking up isn’t easy after partnering with their governments and the financial markets to avert a pandemic-driven depression. Investors and lawmakers enamored with cheap money may well balk when.

U.S. stimulus hopes push dollar to one-month low; risk currencies gain
U.S. stimulus hopes push dollar to one-month low; risk currencies gain

The dollar fell to a one-month low on Wednesday after U.S. President Donald Trump boosted hopes for a large fiscal stimulus package, prompting a wave of market optimism that saw traders ramp up their bets on riskier currencies. Lawmakers in.

Bitcoin average transaction value increases 500% since July
Bitcoin average transaction value increases 500% since July

The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer.

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