Ethereum’s Sell-Off Marks a Bottom for Cryptos
In the past few weeks, things have taken a turn for the worse. Ethereum has plummeted 40% and dragged crypto markets lower.
In the past few weeks, things have taken a turn for the worse. Ethereum has plummeted 40% and dragged crypto markets lower.
The last time China devalued its currency, the yuan, global investors bailed out of natural resources until the dust settled.
In the coming quarters, the U.S. dollar index could fall by 11%. That may not sound like much, but it’s a significant move in the currency market.
Posted by Michael Carr | May 28, 2018 | Currency, Economy, Global Economy
Investors may not need overseas exposure. They need exposure to stock markets that go up, after currency effects are considered. But that’s impossible to predict.
There’s a reason governments are fearful of bitcoin and have tried to suppress trading and ownership of the digital currency.
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