Four Cryptocurrency Futures: How Bitcoin, Blockchain Could Transform The Financial System
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That being said, there are significant developments that are moving markets today. The selloff has been accelerated by the fast money looking to move on to the next big game, Blockchain mania. It seems any stock lately getting involved in Blockchain software, which is related to cryptocurrencies, has seen a huge price increase. While this bubble started out in increased demand for stocks with actual Blockchain technology and businesses, now anybody bitcoins next breakout may have nothing to do with stock prices rising Blockchain on their name has seen a price spike.
The FTSE has broken out to its highest level in over a decade today on this news. US politicians passed another stopgap spending measure to keep the government open through to January 19 th which is not a surprise as I have no doubt none of bitcoins next breakout may have nothing to do with stock prices rising politicians or their staff wanted to spend the holidays fighting over the budget. Today consumer spending related is due for the US.
The loonie took flight Thursday, rallying on the back of a very strong Canadian retail sales report that showed growth of 1. This article is intended as general market commentary, based on sources considered to be reliable but could contain unintended errors.
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