Bitcoin has fallen sharply this week, losing more than 5% in less than 24 hours and traders are nervously focusing on the psyche of 10,000 psych 10,000 per bitcoin level. Bitcoin lost $ 1,000 on Thursday morning, hitting 000 11,000 per bitcoin on Thursday morning and the US stock market …
Read More »Treasury revenues tick higher as markets change from Fed policy
U.S. government debt prices slid lower Friday, when markets responded to Federal Reserve Chairman Jerome Powell’s announcement of a major policy shift when it comes to inflation. The yield on the benchmark 10-year Treasury note rose to 0.7638%, while the yield on the 30-year Treasury bond peaked higher to 1.5369. …
Read More »Chinese users have reportedly moved $ 50 billion of cryptocurrency out of the country
A photo illustration of Digital Cryptocurrency, Litecoin (LTC), Monero (XMR), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Dash will be shown on September 13, 2018 in Hong Kong, Hong Kong. Yu Chun Christopher Wong | S3studio | Getty Images More than $ 50 billion in cryptocurrency moves from China-based digital …
Read More »Treasury revenues come off highs after unemployment data beats estimate
U.S. government debt prices climbed higher Friday after falling on the backs of stronger weekly data Thursday. The yield on the benchmark 10-year Treasury note was lower at about 0.7012% in early trading, while the yield on the 30-year Treasury bond dropped to about 1.4135%. Bond yields fall as their …
Read More »The Fed says it is developing an experimental digital currency
Pedestrians pass a digital sign announcing the latest rates for currency in Istanbul. Photographer: Kostas Tsironis / Bloomberg Kostas Tsironis / Bloomberg News The Federal Reserve announced Thursday that it is building and testing a hypothetical digital currency, equivalent to cash. The goal of the program is to improve the …
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