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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
Бy Dave DeCamp via AntiWar.com. According to a report from Bloomberg, the US is frustrated it doesn’t have spies within the inner circle of Chinese President Xi Jinping, making it harder for the US to know what China plans to do next. The report cited anonymous US officials and John Bolton, the ultra-hawk who served as President […]
The prize for the truly awful story of the week goes to the appointment of AIPAC monster to head Pentagon planning for the Middle East, Philip Giraldi writes. Tim and Joaquin discuss his article. Strategic Podcast · The Strategy Session, Episode 6 [#item_url ] Strategic Culture Foundation
Russia’s ex-president has issued an apocalyptic warning to those seeking to “judge” the country. Those seeking to “judge” Russia might face the “wrath” of God, the country’s ex-president Dmitry Medvedev has cautioned. Russia’s former president, Dmitry Medvedev, has warned against any attempt to establish an international tribunal of sorts over the ongoing conflict between Moscow […]
