Bitcoin Smashes The $6,000 Barrier

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Bitcoin rises above $6,000

Dollar Climbs To 3-month Highs

EU Markets Open Lower


Mon, October 23: In Today’s Markets…

1. Bitcoin Smashes The $6,000 Barrier

Bitcoin surged above $6,000 for the first time in its history on Sunday! Trading volume in bitcoin has also far surpassed that of other digital currencies, indicating high investor demand. Specifically, bitcoin added 5% during weekend trading to reach a new record high of $6,049.4 this morning.*


2. Dollar Climbs To 3-month Highs

Japanese stocks skyrocketed while the U.S. dollar climbed to 3-month highs against the yen after an Abe election victory. Japanese Prime Minister Shinzo Abe secured a two-thirds majority victory at Sunday’s election causing the dollar to spike against a weaker yen. Abe’s solid win at the polls caused the yen to plummet as it secured a continuation of fiscal and hyper-lose monetary policies. While the election result had been largely expected, Abe’s strong mandate has managed to move the markets.**


3. EU Markets Open Lower

European markets edged lower on Monday morning, as investors focused on the latest developments on the Catalonian crisis. European markets started the week on a bearish note this morning with major indices like Germany’s DAX (GER_T30), UK’s FTSE 100 (GBR_100), France’s CAC 40 (FRA_40) and Europe’s Euro Stoxx 50 (EUR_50) edging lower across the charts. Spain’s biggest political crisis in decades is set to stir the markets this week as Madrid seeks to impose its control on the Catalonia region. The Spanish government has urged Catalans to accept its decision to overrule their secessionist leadership on reports that regional president Carlos Puigdemont was planning to press ahead with a declaration of independence.**


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*Source: Bloomberg
**Source: CNBC

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