Russia Woes Increase Volatility Across Markets, Especially Bitcoin
Markets react to Putin’s speech as investors move to safety across risk assets, which is negatively impacting the price of bitcoin and tech stocks.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Volatility Spikes, Bitcoin FollowsWe have covered the relationship between equity market volatility and bitcoin price action extensively since the start of the new year, as the inverse correlation between the price of....
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For those investors who thought the Asian stock markets would start to recover, things are looking bleaker than ever before. Another shockwave of declining stocks is affecting other major trading markets all over the world, and there is no end in sight. All of the traditional financial sectors are losing ground at an accelerating pace while Bitcoin sees a healthy price increase as more money flows into the world’s true global currency. Anyone who has been trading in the stock market since early 2015 may want to rethink their position in the very near future. Especially those traders....
In the article "Why The Bitcoin Price Drop Is Really Good News" I mentioned the upcoming issues on the horizon for the U. S. Dollar. Many nations are trading internationally without it now, and these "bilateral trade agreements" are on the rise. Growing global disinterest in the dollar will only increase the need for monetary alternatives that can be easily sent globally, like Bitcoin. Now, news is breaking out of Russia that they may be ready to end their time using the U. S. Dollar as Russia can move from the US Dollar much sooner than we thought. Also read: Russia Plans Bitcoin Ban by....
The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them.
Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets
Russia’s monetary authority does not welcome investments of Russian citizens in cryptocurrencies, the head of the Central Bank of Russia (CBR), Elvira Nabiullina, said during an online press conference this week. She highlighted....
In this episode of "Fed Watch," the hosts discuss the world's three major central banks and their actions in the face of economic turmoil. The post Video: Central Bank Woes appeared first on Bitcoin Magazine.
According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained Two Years Ahead of Schedule The increase, which has been attributed to the Central Bank of Nigeria (CBN)’s “naira for dollar” incentive scheme, once again highlights the growing importance of diaspora remittances to Africa’s most populated country. As Biodun Adedipe,....