The markets have been highly volatile this week amid renewed tensions with N.Korea, a turbulent Catalonia, upcoming elections in Japan and some all-important statements by central banks. These particular four assets however, have virtually exploded this week.
1. BTC/USD Shoots To All-Time Highs
Bitcoin hit an all time high of $5,876.90 this week before retreating to stabilise above the $5,200 margin. Tuesday’s rally was largely driven by increased trading volumes in South Korea and comments by Chinese authorities that bitcoin could soon be regulated.
2. USD/JPY Peaks To One-Month Highs
This week the dollar hit a monthly high against the Japanese yen bolstered by a rise in U.S. bond yields and a highly anticipated Shinzo Abe victory on Sunday’s upcoming Japanese elections.
3. ETH/USD Touches $350
Ethereum price was bolstered this week after news that a China ban on bitcoin would not be permanent, leaving room for the regulation of more cryptocurrencies worldwide.
4. SPX500 Reaches New Record Highs
The U.S. S&P500 index, which is based on the market capitalizations of the nation’s 500 largest companies, has reached a new record high this week to trade above the $2,560 margin.
*Article sources: Investing.com, Coindesk, CNBC
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