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The price of bitcoin continues to rise as investors opt for crypto assets in an effort to find shelter from the decline of the US dollar’s purchasing power.
The world’s most valuable cryptocurrency climbed 6% over the past 24 hours, trading at nearly $58,480 per token at 10:39 GMT.
Another daily surge has been reportedly evoked by the latest decision of the US Federal Reserve to keep interest rates close to zero at least through 2023. The move predictably caused deep concerns among crypto investors, bolstering the cryptocurrency’s appeal as a hedge against rising inflation.
The price of bitcoin has grown tenfold over the past year. Most analysts attribute the gains to higher attention to alternative assets, as stimulus measures adopted by the world’s biggest economy to fight the Covid-19 pandemic are weakening the greenback.
Moreover, digital currencies are now in growing demand from institutional investors, with a wide range of corporate giants and banking institutions making notable purchases of bitcoin and other cryptocurrencies.
The price of bitcoin continues to rise as investors opt for crypto assets in an effort to find shelter from the decline of the US dollar’s purchasing power. Read Full Article at RT.com Read More
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The pandemic resulted in global wealth taking a significant dip in the first part of 2020. By the end of March, global household wealth had already declined by around 4.4%. However, as Visual Capitalist’s Anshool Deshmukh details below, after much monetary and fiscal stimulus from governments around the world, global household wealth was more than able to […]
The malware, disguised as chat applications, would give the Palestinian Security Services access to targets’ phones, including contacts, text messages, locations and even keystrokes, Facebook said. The hacking operation targeted Palestinian journalists, The malware, disguised as chat applications, would give the Palestinian Security Services access to targets’ phones, including contacts, text messages, locations and even […]
