Home 2021 Bitcoin Holds Gains, USD Sees Weekly Loss

Bitcoin Holds Gains, USD Sees Weekly Loss

by Paul Ebeling

#Bitcoin #USD


Bitcoin is hanging close to record highs Friday, set for gains of over 20% in a milestone week marked by the endorsement of major firms, while the weak US jobs market weighs on the Buck.

Bitcoin, the world’s most popular cryptocurrency last traded 1.1% down at 47,451, just South of a record high of 49,000 marked after US banking group BNY Mellon (NYSE:BK)said it had formed a unit to help clients hold, transfer, and issue digital assets.

Elon Musk’s Tesla (NASDAQ:TSLA) announced this wk in a SEC filing that it bought $1.5-B of Bitcoin in January.

Credit card giant Mastercard’s (NYSE:MA) plans to offer support for some cryptocurrencies also boosted Bitcoin’s move towards mainstream finance.

Elsewhere: the USD headed for its 1st losing wk in 3 on signs of weakness in the US jobs market.

Thursday’s weaker-than-expected wkly US jobless claims data added to concerns the Buck’s rally priced in a rebound for the US economy too fast.

Have a healthy weekend, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.