Bitcoin just set a new all-time high just minute ago, exploding from $34,000 to $35,800. The cryptocurrency has since retraced slightly to $35,300 as the breakout has slowed to some extent. BTC’s rally appears to be a by-product of news that the democrats are expected to win the Georgia Senate elections, which will determine the [...]
The Australian dollars rose against the greenback on Tuesday, clawing back the previous day's losses as markets bet on a quick economic recovery in 2021 once corona virus vaccinations are widely distributed. Early Tuesday in Asia, Sydney Morning Herald (SMH) quoted Australian Prime Minister Scott Morrison who spoke to a local radio station during late [...]
The gold standard was a monetary system that was widely prevalent before the concept of fiat money came in. Under this system, the value of a country’s currency or paper money was directly associated with gold. So, under the gold standard, you could convert money into a set amount of gold, as decided by your […]
EUR/USD is charting gains with the US dollar on the offer despite corona virus concerns and weak China data. Fears over the new strain of the corona virus are forcing major nations to take stricter steps. The US corona virus outbreak will likely get worse in coming weeks, Dr. Anthony Fauci, director of the National [...]
