Cryptocurrencies could be heading for their worst month since the June 2022 crash, Bloomberg reports. Bitcoin's price has plunged more than 30 percent since its record high in early October. There is a risk that stock markets could follow bitcoin's path by the end of the year, says Mike McGlone, a commodities strategist at Bloomberg.
BusinessFirst out was Donald Trump and now his wife Melania has also launched a cryptocurrency. If you think bitcoin is a speculative asset, then this is a number of trips even worse, says Johan Javeus, chief strategist at SEB.
BusinessThe cryptocurrency bitcoin has for the first time surpassed 100,000 dollars per bitcoin during the night. When you approach such special levels, it becomes almost like a magnet, says Johan Javeus, senior economist at SEB.
BusinessCryptocurrencies have surged in value since Donald Trump won the election in the USA and the Bitcoin price is for the first time up at 80,000 dollars. The President-elect has made a U-turn from critic to crypto friend. Now the industry is hoping for slightly less strict regulations, says Johan Javeus, economist at SEB.
BusinessThe krona has strengthened against the euro over the past year. But it does not help Swedes who dream of a cheaper holiday. Purchasing power in Europe is essentially unchanged compared to last summer, says Johan Javeus, chief strategist at SEB.
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