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Bitcoin Hovers Near MicroStrategy ‘margin Call’ Price
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Pound Slammed by Prospect of New Scottish Independence Vote
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Bitcoin Nears MicroStrategy ‘margin Call’ Price
Top Stories
Moscow Exchange Suspends Swiss Franc Trading After New Sanctions
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...
Dollar at Two-Decade High as Risky Assets Sell Off; Yen Recovers Ground
Date: June 13, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The safe-haven U.S. dollar rose to a fresh two-decade high against a basket of currencies on Monday, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. Global financial markets continued to smart from Friday’s hotter-than-expected U.S. inflation...
Sterling Hits 2-year Low as GDP Dips, post-Brexit Tensions Rise
Date: June 13, 2022
By Julien Ponthus LONDON (Reuters) -Sterling fell to its lowest in two years against a rising dollar on Monday, coming under pressure from data showing Britain’s economy unexpectedly shrunk in April and tensions with the European Union over post-Brexit trade with Northern Ireland. UK gross domestic product contracted by 0.3% after inching down by 0.1%...
Dollar Higher as Risky Assets Tumble; Yen Rebounds From 1998 Lows
Date: June 13, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The safe-haven dollar rose to a fresh four-week high against a basket of currencies on Monday, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. Global financial markets continued to smart from Friday’s hotter-than-expected U.S. inflation data...
Cryptocurrency Market Value Slumps Under $1 Trillion
Date: June 13, 2022
By Elizabeth Howcroft LONDON (Reuters) – The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but it has faltered so far this year....
Explainer-What Are the Consequences of the Yen’s Fall to a 24-year Low?
Date: June 13, 2022
By Saikat Chatterjee LONDON (Reuters) – The Japanese yen fell past the psychological 135 line to levels against the U.S. dollar last seen in October 1998. The scale of the move has repercussions for the domestic economy as yen-based import prices are surging at a record annual pace, heaping pressure on household balance sheets. The...