Tag: currency
-
Bitcoin Hits All-Time High Over $72,000 as US and UK Regulators Ease Trading Restrictions
Bitcoin’s value surged to a new record high, surpassing $72,000, following regulatory shifts that have made trading the cryptocurrency easier for big US investors. The UK’s Financial Watchdog has also indicated a move towards loosening restrictions on some crypto asset trading. This rise is attributed largely to the participation of US investment giants in the…
-
Jerome Powell Announces 0.25-Percent Interest Rate Hike, Signals Beginning of Disinflationary Process
In a significant monetary policy announcement, Jerome Powell, the Chair of the Federal Reserve, declared the initiation of a disinflationary process, accompanied by a modest interest rate hike of 0.25 percent. This move signals a cautious approach towards stabilizing the economy while addressing inflation concerns. The Wall Street Journal is an American business and economic-focused…