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Dollar eases ahead of Fed interest rate decision
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Bitcoin sinks to fresh 18-month low as crypto meltdown deepens
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Euro jumps as ECB holds unscheduled meeting, dollar awaits Fed move
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Pound reclaims $1.20 but headwinds keep blowing
Bitcoin tumbles as crypto sell-off accelerates
Date: June 15, 2022
By Tom Wilson LONDON (Reuters) – Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has...
Bitcoin hovers near MicroStrategy ‘margin call’ price
Date: June 14, 2022
By Tom Westbrook SINGAPORE (Reuters) -Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc to add more tokens against a bitcoin-backed loan or trigger selling some of its vast holdings, setting fragile cryptocurrency markets on edge. MictroStrategy, an aggressive investor in bitcoin, said it borrowed $205 million from crypto bank...
Pound slammed by prospect of new Scottish independence vote
Date: June 14, 2022
By Joice Alves LONDON (Reuters) -Sterling plunged on Tuesday to a 13-month low versus the euro and fell below $1.20 for the first time since the start of the pandemic after Scotland’s First Minister Nicola Sturgeon said she was set to share details on plans for a new independence referendum. Sturgeon said she was nearly...
Bitcoin nears MicroStrategy ‘margin call’ price
Date: June 14, 2022
SINGAPORE (Reuters) – Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc to stake more tokens against a bitcoin-backed loan or trigger selling of some of its vast holdings, setting fragile cryptocurrency markets on edge. MictroStrategy, an aggressive investor in bitcoin, said it borrowed $205 million from crypto bank Silvergate...
Moscow Exchange suspends Swiss franc trading after new sanctions
Date: June 14, 2022
(Reuters) – The Moscow Exchange said it would suspend trading of the Swiss franc against the rouble and the U.S. dollar from Tuesday after Switzerland adopted new EU sanctions against Russia. The Moscow Exchange, Russia’s largest bourse, said it was having difficulty conducting transactions in the Swiss currency as a result of new trading restrictions...
Cryptoverse: The funds making moolah from messy markets
Date: June 14, 2022
By Lisa Pauline Mattackal and Medha Singh (Reuters) – The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell or to wait...