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...Bitcoin trading has leapt this year following the US launch of ETFs tracking the cryptocurrency....
...The franc was the strongest-performing major currency of 2023 and has hit Switzerland’s exporters such as Roche, which makes most of its sales in the US....
...US-based Cleanspark held more than 5,000 bitcoins at the end of March, up 2,400 per cent on the same month a year ago....
...Research by the economists Olivier Jeanne and Jeongwon Son notes that in 2018-19 the US imposed new tariffs of 15 per cent on average on its imports from China, but the renminbi depreciated by 7 per cent...
...The sum is enough to pay 118 cents on the dollar to the 98 per cent of creditors who hold $50,000 or less in claims. The remaining creditors will receive at least 100 cents on the dollar....
...US spot bitcoin ETFs have hoovered up more than 500,000 bitcoin since their long-awaited launch in January, which means the issue of “dust” has been growing....
...Some 58 per cent of global reserves are held in the US currency. The economics of this lopsided situation are ambiguous....
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...Roger W Kirby Millbrook, NY, US...
...The price of bitcoin has soared despite US regulators’ clampdown on the biggest crypto companies and continued scepticism about the token....
...In the next 24 hours or so, those rewards fall from 6.25 bitcoins to 3.125 bitcoins, or from $408,000 to about $204,000 by current prices....
...Within hours of touching the milestone, however, bitcoin had fallen more than 8 per cent to about $62,000....
...UK investors have watched as bitcoin rose to register an all-time high above $70,000 this month, surging from roughly $42,000 in January....
...The dollar’s latest move against the yen followed stronger-than-expected data for US inflation in March, which pushed out market expectations for the timing of US interest rate cuts and sent bond yields...
...“The US sanction regime is not perfect,” Jo Ritcey-Donohue, founder at JRD Law, a US law firm, told me. “When it comes to crypto, US authorities are playing whack a mole.”...
...We saw that clearly earlier in April as an elevated US dollar, driven to a six-month high against a basket of other currencies by a repricing of US interest rates, exposed pockets of currency stress in Asia...
...Bitcoin prices are at fresh record highs in many currencies. In dollars the cryptocurrency is up more than 40 per cent over the past month. The $69,000 intra day high set in 2021 is within reach....
...There are about 6,300 tokens issued weekly by bitcoin but the ETFs have bought around 50,000 coins in that period. QED....
...In the real world, if you lend $1,000 you can expect to receive interest....
...Wednesday was the worst-ever day for US spot BTC ETFs as bitcoin flirted with $56,000....
...This month the bitcoin price hit a record high of $73,000 — four times its level in late 2022 when FTX imploded....
...at Z$36,000 to the dollar....
...of bitcoin to a record high of more than $73,000 in March....
...It began the year valued at about $42,200, still far off its previous all-time high of $69,000....
...The Indonesian central bank intervened in foreign exchange markets last week to support the rupiah after the currency crossed the 16,000 mark against the dollar....
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