EUR/USD 1.15774
0.242%
Gold 3412.99
-0.562%
Oil 70.945
-0.696%
USD/JPY 144.196
0.183%
GBP/USD 1.35827
0.094%
GBP/JPY 195.861
0.276%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Wells Fargo: Raised Microsoft (MSFT.O) target price to $565.June 16, data showed that gold futures gave up gains after hitting a record high during the session, with futures prices falling 0.5% to $3,433.90 per ounce. The previous contract opened close to the historical high of $3,509.90 per ounce. ING analysts pointed out in a report that the escalation of tensions in the Middle East last Friday drove a surge in safe-haven demand, driving up precious metal prices. Analysts said that if the conflict between Israel and Iran further intensifies in the coming days, gold prices are expected to hit a new record high.Oriental Selection (01797.HK): Sales of self-operated sanitary napkins exceeded 300,000 packs within 14 hours of going online.June 16th news, the Federal Reserve is expected to maintain the current interest rate level unchanged in the latest resolution this week. The focus of market attention will be on whether the Federal Reserve will release any signals about the timing of future interest rate cuts. The recently released CPI and PPI data were weaker than expected, prompting market participants to bring forward their expectations for the next rate cut. The money market has fully priced in the possibility of a rate cut in October this year, and there is even a high probability that action will be taken in September. Previously, the market generally expected a rate cut until December. Citi analysts pointed out that the market may currently underestimate the risk of a rate cut. However, the imposition of tariffs by the United States may push up inflation. If tensions between Israel and Iran escalate further, causing oil prices to continue to rise, this may further delay the Feds pace of rate cuts. Allianz analysts said that against the backdrop of high inflation, the Federal Reserve is unlikely to rashly relax monetary policy.Piper Jaffray: Raised AMD (AMD.O) price target from $125 to $140.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

微信截图_20220511102504.png


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

Suggestion