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During trading on Monday, Bitcoin continued to get cheaper. Its rate fell below 7 thousand dollars and by 15:35 Moscow time it reached a minimum level of 6 thousand 961.5 dollars for three weeks. According to Coindesk, this is 1.1% below the closing level on Friday. Analysts at Bloomberg Intelligence noted: “Bitcoin and the cryptocurrency market as a whole look pretty vulnerable. Demand, supply and price indicators remain negative”. The price of August futures contracts for bitcoin during electronic trading on the Cboe decreased by 5.9% and amounted to 6 thousand 960 dollars. The rates of other cryptocurrencies, including Ethereum, Litecoin and Ripple, also declined on Monday.
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
Tesla Inc. (TSLA) said on Tuesday that it had signed a three-year pricing agreement with Japan’s Panasonic Corp. (6752.T) for the manufacturing and supply of lithium-ion battery cells at the Gigafactory in Nevada. Tesla ...
Hongkong’s flag carrier Cathay Pacific Airways Ltd. (0293.HK) stated on Wednesday that it would repay the Hong Kong government the almost $2.52 billion worth of preference shares over a three to five-year period. On Tuesday, the Hong ...
Asian stocks rose on Monday after an unexpected increase in U.S. employment lifted hopes of a faster global recovery from the COVID-19 pandemic. The Asian-Pacific’s MSCI outside of Japan gained 0.23%, continuing to see highs for eight ...
KYC Policy