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Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take cryptocurrency for natural gas and other resources. Russian Official Mentions … Read more
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point … Read more
The precious metal was a hair off a USD peak Tuesday, running higher with oil and other commodities while stocks suffered. Go to Source Powered by WPeMatico
Ethereum price has been increasingly in lockstep with the Nasdaq, but there’s a catch. Go to Source Powered by WPeMatico
Surging commodities and a strong dollar add to stock traders’ woes, with Goldman Sachs’ former CEO wondering why cryptoassets are not “having a moment.” Go to Source Powered by WPeMatico
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.” While Wall Street Fears … Read more
While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce fine gold is nearing the $2K mark, benchmark coal prices have been surging, aluminum values broke records and nickel tapped an 11-year high. … Read more
The Russian army has begun a military operation in Ukraine as missile explosions have been heard surrounding several areas, including the capital of Kiev. Markets have dropped in response. Go to Source Powered by WPeMatico
Concerns over stock market strength are far from universal as crypto correlation to U.S. equities fails to phase 3ac’s Zhu Su. Go to Source Powered by WPeMatico
During the last 24 hours, the crypto economy has lost 8% in value as a great number of crypto asset prices dropped significantly during the overnight trading sessions. Crypto markets lost more than $22 billion in value as the leading digital currencies in the top 20 standings lost anywhere between 6% to 20%. Global Markets … Read more