Here Are The Factors That Could Be Behind The Latest Bitcoin Wipeout

 Bitcoin, the largest cryptocurrency in the world, has plummeted substantially in the past 24 hours, leading to a ripple effect among other cryptocurrencies. On August 18, the price of BTC suddenly dumped 8% in a matter of minutes, as tension from investors increased selling pressure.

Aug 18, 202315:15 GMT+3

Reuters: Dollar slides after slowing U.S. jobs growth in July

KEY POINTS:

  • Biggest single-day dollar slide in three weeks
  • Dollar's drop erases almost all the week's gains
  • Jobs growth slows but wage gains point to tight market
  • Focus now on consumer price index (CPI) next week

The dollar fell on Friday, paring almost all the week's gains, after slowing U.S. jobs growth in July encouraged hopes of a soft economic landing but higher wages suggested the Federal Reserve may need to keep interest rates higher for longer.

Cointelegraph: Hong Kong debuts retail crypto trading with HashKey exchange

 Hong Kong debuts retail crypto trading with HashKey exchange

Aug 3, 202310:52 GMT+3

BTCUSDT−0.15%


Hong Kong is expanding cryptocurrency trading exposure to individual investors, with at least one exchange getting the regulatory green light to offer such services.

Reuters: Perth Mint's July gold, silver sales slump to lowest since 2020

Reuters
 
Perth Mint's July gold, silver sales slump to lowest since 2020
Aug 3, 202311:42 GMT+3
GOLD+0.15%XAGUSD1!−0.71%

 

Perth Mint's July gold product sales slumped to their lowest level since October 2020, while silver sales were at a more than three-year low, the refiner said on Thursday, citing a slowdown in demand as prices surged.

Reuters: COMMENT-FX traders have the room to take dollar even higher

  The U.S. dollar has room to make even bigger gains in the days and weeks ahead as the speculative long position is not big enough to limit...