Bitcoin Price Rises Sharply After the UK Votes to Leave the EU, Trading Volumes Big
The Bitcoin market has welcomed the outcome of the Brexit vote in the UK with open arms as the price of its currency soars following a falling trend in recent days. The price of Bitcoin dipped to as low as $583 just before the June 23 Brexit voting day - a sharp drop from its two-and-a-half year high of nearly $775 on June 17. However, after votes were cast, with a win for the Brexit supporters, the digital currency gained in value to over $650 - a 24-hour recovery for a seven-day drop. Chinese traders active. Bitcoin surged as much as 13 percent as the referendum decision fuelled demand....
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It appears the UK has voted in a referendum to leave the European Union, causing both celebrations and a crash in the pound’s value to its lowest point in 31 years. UK Votes to ‘Leave’. With results still coming in, at press time (5:30AM UK time) there were 15,580,755 votes in favor of Leave to 14,534,113 votes for Remain, a lead that large media organizations like the BBC conceded was insurmountable. Foreign exchange markets took retribution on the GBP as soon as the result began to swing in the Leave camp, causing it to fall 9% to $1.35, a number it has not touched since 1985. The EU’s....
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%.
Crypto Trading Volumes Fall Across India
The trading volumes across crypto exchanges in India have fallen sharply after the new TDS (tax deducted at source) went into effect on July 1.
Trading volumes on major Indian crypto exchanges Wazirx, Coindcx, Zebpay, and Bitbns plunged about 83%, 70%, 76%, and over 18%, respectively, from....
The bitcoin price has been in the doldrums in the last week, closing out a month of persistent losses. It's now trading at the lowest levels of the year. Bitcoin opened the week at $330.67 and closed at $316.80, according to the CoinDesk Bitcoin Price Index. That represented a loss of $13.87 in the bitcoin price over the last seven days, or 4.2%. Over the week, the price hit a high of $335.88 on the 23rd December, only to fall to a low of $312.40 four days later. That was a drop of some $23. The bitcoin price has not been kind to bulls this month. While it was trading in the high-$300s -....
Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) spiked last month at the fastest pace since December 1981.
Inflation Continues to Hammer the US Economy — White House Blames Putin
The latest data from the U.S. Bureau of Labor Statistics shows that inflation has continued to rise month over month in the United States. BLS published the organization’s latest CPI numbers and....
Dear trader, 4th episode of our Decadays Market Report series. The first three are available Part 1, Part2 and Part3. How do you view your trading? Do you have a strategy? Or is it some sort of casino gamble to you? Please look carefully at the graph below. If you recognize yourself there, stop trading right now and go on reading this article. I started this series of articles by talking about price and saying that the market was always right: “Even if the market acts irrationally, it doesn’t care about what you think. It is useless to think “the market should do this”. No, the market does....