Forex
Bitcoin (BTC) price has surged about 5% to exceed the $62,000 mark for the first time ever as traders prepare for the much-anticipated Coinbase (NASDAQ: COIN) initial public offering. Bitcoin price hit $62,750 at 04:31 EST, according to Coinbase data.
Ethereum (ETH) price has also moved higher to exceed the $2,200 handle and print new all-time highs at $2,221.
Coinbase is set to start trading publicly tomorrow through a direct listing on Wednesday that could value the... (continue reading...)
LONDON (Reuters) - Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States.
The largest U.S. cryptocurrency exchange's listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates.
The world's biggest cryptocurrency, which has growing mainstream acceptance as an investment and a means of payment, rose as much as... (continue reading...)
LONDON (Reuters) - The dollar edged higher on Tuesday, helped by a pick-up in U.S. Treasury yields, but was still near three-week lows as markets waited for inflation data in the United States.
The dollar has fallen so far in April, after surging in the first three months of 2021 on expectations that a combination of monetary stimulus and government spending would cause inflation to spike.
U.S. CPI data for March is due at 1230 GMT and is... (continue reading...)
ECB Holdings Under PEPP Rose EU17.1B in Week Ended April 9 - Bloomberg
By Tommy Wilkes
LONDON (Reuters) - The dollar slipped on Monday towards a three-week low as Treasury yields traded near recent lows and traders awaited crucial U.S. inflation and retail sales data in coming days.
Elsewhere, it was a quiet start to a data-heavy week for foreign exchange markets. The euro climbed back above $1.19 while the British pound rebounded from a two-month low.
The dollar's performance has been tied to... (continue reading...)
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