Finance
Cryptocurrency rebound continues – Bitcoin $65.8K, altcoins strong
The cryptocurrency market capitalization increased by 0.52% to $2.5 trillion as of 5 o’clock on the 25th. Trading volume decreased by 13.44% to $69.4 billion. Bitcoin dominance increased by 0.20 percentage points to 51.76%. Bitcoin (BTC) rose 1.48% to $65,850.76. Ethereum (ETH) fell 0.13% to 3382.74 dealers. Top 10 Coins – CoinMarketCap 25th The top … Read more
Cryptocurrency outlook optimistic due to coronavirus and politically powerless government
The global lockdown in response to the coronavirus outbreak has exposed fatal flaws in the monetary and financial system that has dominated the world since U.S. President Nixon abolished the gold standard in 1971. Freeing the dollar from its bondage to gold essentially gave the central bank permission to print it as it pleased. In … Read more
WSJ “The argument for an early interest rate cut has weakened amid the U.S. boom, but the situation may change.”
#Temporary factors such as immigration and subsidies reduce the burden of austerity… Powell: “It can’t last forever”#Gov. Harker: “Consumers who run out of money are increasing their credit card debt”… Fed monetary policy meeting on the 19th and 20th (New York = Yonhap News) Correspondent Lee Ji-heon = The solid U.S. economic growth suggests that the U.S. … Read more