The OPEC+ has agreed to cut supply by about 7.7 million barrels per day for the rest of this year while maintaining a supply cut of 5.8 million barrels per day starting in 2021.
The J5 tax agencies from the U.S., Canada, U.K., Australia, and the Netherlands have all started an investigation into the shady dealings of the Euro Pacific Bank while reportedly tampering with its public holdings for Gold.
The chances for both the U.S. and the European stock futures to dip after recording surge are high as stimulus packages in the two nations are not going as expected.
Analysts have agreed that the primary concern for investors at the current moment mostly revolves around whether Trump’s illness will affect a presidential race in which he continues to lag behind Democratic challenger Joe Biden.
Amid the coronavirus pandemic, gold prices surged significantly this year. This precious metal can be a good choice during periods of instability.
The approximate return on investment of Bitcoin (BTC) if purchased at the time of launch (or at the earliest known price) was around 7,615.27% on Monday.
Kiyosaki has always been supporting Bitcoin. In August, he urged Twitter followers to buy the crypto before a “major banking crisis”. Now, while Bitcoin is gaining strength as a long-term investment, Kiyosaki calls the public to buy it again.
Bitcoin for the first time since the early September crash, is showing signs of its comeback.
NZD/USD was able to gain 0.44% today up to the time of writing this article after a compact loss of 0.30% yesterday.
The investors who pump money buying stocks are beginning to see Bitcoin not just as a way to hedge their funds, but as a viable option to grow their funds over time.
Major stock indexes including the Dow Jones Industrial Average gained 215.61 points, or 0.8%, to close at 28,645.66. The S&P 500 climbed 0.8% to 3,526.65 and the Nasdaq Composite advanced 1.4% to 11,939.67. Both the S&P 500 and Nasdaq hit all-time highs.
Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if the digital asset continues on the current path.
Cryptocurrency market is showing recovery after a divergence last week, commodities follow the lead, hence Bitcoin was able to gain 1.1%, Ethereum 3.56% and Ripple recovered 2.0% in price.
Yesterday, Bitcoin lost 4.4%, but bulls were striving to help it close above $12,000. And Bitcoin did, closing at $12,108. Before this correction, Bitcoin saw a 6-day run in which it gained 11.93%. However, the pullback allowed for a retest of the $11,500 level.
Goldman Sachs strategists have set a new price target for the S&P 500. Up by 20% from its earlier target, the revised target is pegged at 3,600.