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...Bitcoin trading has leapt this year following the US launch of ETFs tracking the cryptocurrency....
...The currency even rallied, or at least held its own, when the US Congress threatened to default on Treasuries during the debt-ceiling crises of 2021 and 2023....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Roger W Kirby Millbrook, NY, US...
...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...
...Asian currencies dropped against the dollar on Tuesday following stronger than forecast retail sales data in the US, which further reduced the likelihood of imminent interest rate cuts by the Federal Reserve...
...Unlike the US, Britain — a self-proclaimed “hub for digital assets” — doesn’t let its citizens buy spot bitcoin ETFs, even if exchange traded notes for professional investors are on the way....
...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....
...Read our full range of US High School economics picks here....
...The comments were an indication of their concern at the scale of the dollar’s gains against Asian currencies after US inflation data led markets to scale back expectations of Federal Reserve rate cuts this...
...US securities laws do not empower the Securities and Exchange Commission to make merit-based judgments about an investment. Nor is it the SEC’s job to end speculation altogether....
...Stronger than expected US employment data released on Friday has reduced the likelihood of imminent rate cuts from the Federal Reserve, strengthening the dollar....
...Since the US Securities and Exchange Commission approved the ETFs, average daily returns for bitcoin outside US trading hours are 0.31 per cent....
...“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.”...
...Egypt secured a deal to more than double its IMF bailout to $8bn after the country allowed its currency to drop to a record low against the US dollar, unlocking support to avert its worst economic crisis...
...The mess surrounding Kate Middleton’s apparent disappearance from the public eye tells us absolutely nothing about bitcoin....
...The pound climbed 0.6 per cent to a seven-month high of $1.2893 against the US currency on Friday, before paring gains to end the week at $1.2857....
...The European Fund and Asset Management Association said that around 40 per cent of daily foreign exchange deals would be shut out of the main platform for reconciling currency trades when the US moves from...
...“We raise our voice, not to inject ourselves needlessly into a political world that is new to many of us, but to stand up for what our experience tells us is right,” it recently wrote....
...The US is taking a closer look at exactly how much energy bitcoin mining in local areas in the US suck up, and trying to assess how it stacks up against directing to other uses, such as keeping people’s...
...Increasingly the US asset manager he heads is the star around which the digital assets solar system orbits....
...Revenue fell more than 5 per cent to £568.6mn. However, shares in the group rose more than a tenth on Tuesday after the company said it had resolved two overhanging financial issues....
...That forced us to follow through.” Strategists also pointed out that the Chinese currency has historically been influenced by the US dollar’s performance against the euro....
The more an asset price is disconnected from its fundamentals the more potential it has to go ‘to the moon’
...The US currency strengthened by 1.7 per cent against a basket of six currencies since Monday, its best weekly performance since September 2022, as traders reversed bets on early interest rate cuts by the...
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