In its biggest daily drop in a month, Bitcoin fell below the $50,000 level after Elon Musk commented that prices were too high.
The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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Powell to address House Financial Services Committee today.
The pound sterling continues to march higher against its key rivals, namely the US dollar and the euro, and in early trading in London touched a fresh 3-year peak against the greenback.
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Bitcoin hit the $58K level for the first time on Sunday, gaining 2.75% during the session and closing at the $57,376 level.
Australian dollar hits highest level since March 2018.
The US Dollar lost momentum against key rivals after the US Labor Department released data that was worse than expected.
The pound sterling continues to best its main rivals, with the government's efforts of a thus-far successful vaccine roll-out at the core of market sentiment.
Bank of Japan Governor Haruhiko Kuroda recently commented that the Japanese economy is currently recovering and coming back to pre-COVID-19 levels.
Bitcoin price surpasses $52,000 before paring gains.
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The pound sterling was able to maintain positive momentum against its European counterpart during London trade on Wednesday, but lost ground against the greenback.
Yesterday, Bitcoin gained 2.68% against the US dollar, hitting an all-time high and trading above the $50,000 level for the first time.
U.S. indices settle modestly lower after hitting all-time highs; BTC remains above $50,000 level.
Bitcoin and the S&P 500 Index are hitting new record highs with bullish momentum, making these assets obvious targets for market bulls.
Optimism over the efforts of the UK government's aggressive immunization program has helped push the pound sterling higher against its major counterparts.
U.S. Indices Trading Off-Hours at Records; Nikkei 225 Roaring Ahead; Bitcoin New High Just Below $50k; U.S. Dollar Continues to Weaken.