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Added on the 08/01/2016 14:20:39 - Copyright : Reuters EN
China staunches the bloodletting in its stock markets by ditching its 'circuit breaker' mechanism and fixing the yuan higher for a change, giving markets elsewhere some relief at the end of a turbulent week. David Pollard reports.
On Thursday morning Bitcoin soared above $16,000. Business Insider reports that Bitcoin is breaking above the support level for the first time since January 2018. The world's largest cryptocurrency has rallied in recent weeks on a wave of market volatility and growing adoption. The latest uptrend kicked off in October after PayPal announced it would allow users to buy, sell, and hold bitcoin.
After three straight sessions of gains, Wall Street's sell-off resumes with major indices opening sharply lower amid a worsening economic outlook caused by the coronavirus pandemic. IMAGES