Bitcoin reaches 19k

Market Wrap: Bitcoin Flat at $19K While Ether Options Traders Bet Bearish on 2021

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A number of hedge fund managers, including the US billionaire Paul Tudor Jones, who predicted and profited from the stock market crash, have revealed in recent months that they have invested in bitcoin. Jones, who runs Tudor Investment Corp, has been recommending the cryptocurrency to his clients as a hedge against inflation , with the US Federal Reserve expected to keep interest rates at zero. Congress has resumed its negotiations over a massive stimulus package for the US economy.

Cryptocurrencies are notoriously volatile, and other digital currencies have also regained popularity in recent months, such as Ethereum, Litecoin and XRP, as investors reviewed their long-term prospects. In addition to large-scale firms making direct investments in Bitcoin, Paypal also recently paved the way for further retail adoption with the announcement that it would be allowing its users to purchase and spend cryptocurrencies through its platform, a factor that many analysts say that Bitcoin is still seeing a boost from.

Garrick Hileman, the Head of Research at Blockchain. But, what has been driving this institutional and big-tech interest in crypto in the first place? This could be a sign that more people are looking to enter the crypto market who were not previously involved. Read More: Buenos Aires Province Weighs Next Steps After Creditor LawsuitThe legal claims are only a strategy to pressure the government and the province will still have 60 days to respond, Lopez said in an interview last week. Last week at an event, Fernandez de Kirchner, who hand-picked Alberto Fernandez as the presidential candidate in , railed against the IMF and the terms being sought to renegotiate the largest credit agreement ever struck with the Washington-based lender.

Bond prices fell. After Fernandez took power in December , Buenos Aires Province was the first to default on its debt payments in May. Days later, the federal government followed suit, along with several other provinces over the course of the next months.

Since then, the government and eight provinces have settled with creditors. Deals ranged from about 55 cents on the dollar for the government while many regional authorities agreed to much smaller discounts, between While a few small provinces also remain in talks, Buenos Aires, which offered to pay about 65 cents, is the last major holdout.

He also struck a deal with the Paris Club of creditors. Still, his rhetoric remains combative. The province realistically has no chance of tapping international markets for fresh funding, so it has little to lose in dragging out talks.

Updates with bond move in 11th paragraph. When CSG opted to shift its regional headquarters this year from Dubai to Riyadh, it marked an early win for Saudi Arabia and proved a surprisingly easy move for the U. CSG is among several foreign companies that agreed earlier this year to set up regional offices in Saudi Arabia rather than overseeing operations remotely from Dubai, the buzzing commercial hub in neighbouring United Arab Emirates. Bloomberg -- The family office of former Tiger Management trader Bill Hwang was behind the unprecedented selling of some U. The companies involved ranged from Chinese technology giants to U.

S, according to an email to clients seen by Bloomberg News.

Whales May Attempt to Dump Bitcoin above $19K, OKEx Analyst Warns

ViacomCBS and Discovery posted their biggest declines ever Friday, after the selling and analyst downgrades. The liquidation had triggered price swings for every stock involved in the high-volume transactions, rattling traders. Hwang was an institutional stock salesman at Hyundai Securities Co.

Updates with reasons behind selling in second paragraph For more articles like this, please visit us at bloomberg. After getting furloughed by American Airlines, and watching her side gig leading trips outside of the US evaporate overnight at the start of the pandemic, Brittany Floyd felt unsettled. Having lived across every aspect of the income scale—she grew up in a low-income household, where her mother worked as a custodian and her father as a construction worker—she had no intention of going back to a life of financial struggle. The pandemic had Floyd thinking about wanting to be financially independent and not having all her money tied up in one sector of the economy.

Bloomberg -- A global semiconductor shortage has upended the supply of everyday devices from smartphones to gaming consoles to tech-dependent cars.

With companies warning the issue may last into the second half, the fallout threatens to weigh on share prices for months to come. Since news broke in November that Apple Inc. Truckmaker Volvo Group and electric-vehicle company Nio Inc. The lack of chips has been caused by booming demand for tech gear, in large part because of the pandemic, and winter weather in Texas and a fire in Japan have added to the problem. It triggered a 6.

In Japan, shares of Toyota Motor Corp. Daiwa Securities cited the chip shortage in downgrading the stock and cutting estimates for this year and next. China is dealing with unrelated chip-supply issues of its own. Smartphone maker Xiaomi Corp.

One positive aspect of the chip shortage: With demand for consumer electronics as strong as it is, it gives companies the power to raise prices and pass on higher costs, said Neil Campling, an analyst at Mirabaud Securities. Lenovo Group Ltd. Sony Corp.

Bitcoin Whales to Overtake

While Samsung Electronics Co. Samsung this month warned of problems, including the possible cancellation of the launch of its new Galaxy Note, one of its best-selling smartphone models. Makers of networking equipment also have been feeling the pinch.

Analysts at Oddo BHF flagged a DigiTimes report that the lead times for deliveries of networking chips are extending to as long as 50 weeks, suggesting that the chip shortage has also reached the networking segment and will likely last into early next year. ChipmakersWhile automakers have struggled, the flip side of the semiconductor shortage is that the companies supplying those chips could see a boost to their business.

Bitcoin price reaches three-year high of more than $19,000

Most semiconductor companies should report strong results for the first quarter and give good guidance for the second, said Janardan Menon, an analyst at Liberum Capital Ltd. In the U. There are also broader winners from the shortages in the semiconductor industry, with chip foundries such as leader Taiwan Semiconductor Manufacturing Co. Semiconductor-Equipment ManufacturersThe makers of equipment used to produce semiconductors are benefiting from the supply crunch as chipmakers rush to add capacity to their factories and governments concerned about national security risks are looking at measures to encourage local production.

The combination has created a spending environment that some analysts say will benefit the industry for years. Should you purchase a car with bitcoin and then need a refund, the manufacturer has some special terms and conditions.

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