To the moon and beyond. Bitcoin soars as it shatters records and expectations.
Wednesday’s clash with rioters in the US capitol has lead to a slue of reactions. The Trump administration’s final weeks will be a political quagmire that could impact markets. Congress is reportedly considering impeaching the president or taking other action to remove him from office before the 20th. This flash of frailty and chaos could negatively affect the USD.
Bitcoin continued to climb, capping last week with a 5% increase putting its value above $41,000. As the pandemic rages on and many countries struggle to meet the challenges it has presented and investors are looking for a gold-like store of value. With the current momentum and hype, it has been predicted the cryptocurrency could reach $50,000.
London declared a major incident on Friday because its hospitals were at risk of being overwhelmed by a highly transmissible variant of the coronavirus racing “out of control” across the United Kingdom. Along with delivery delays around Brexit complications, the UK is in for tough times.
The EU has secured half of Pfizer’s projected 2021 output. This deal should make it possible for the bloc to get a good start at vaccinating its populace. Germany also secured an extra 50 million CureVac, BioNTech doses on top of the zone’s order. Hopes of an efficient vaccine rollout and return to normalcy are growing.
The U.S. economy shed jobs for the first time in eight months in December as the country buckled under an onslaught of COVID-19 infections, suggesting a significant loss of momentum that could temporarily stall the recovery from the pandemic.
A fundamental breakdown
||Facebook and Instagram ban Trump for his remaining two weeks in office. The social media platforms’ choice to bar the president could positively impact Facebook’s prices this week if advertisers do not boycott the platform.|
|According to a laboratory study conducted by Pfizer Inc and BioNTech’s COVID-19 vaccine has appeared to work against a key mutation in the new highly transmissible variants of the coronavirus discovered in the UK and South Africa. Contrasted with Moderna’s recent announcement that it will not supply vaccines to South Africa the U.S. drugmaker could continue to climb.|
|Apple and Hyundai the South Korean automaker were reported to be in early talks to develop self-driving electric cars. Though this is the tech companies first sign of major interest in the auto industry, its gigantic supporter base make this an intriguing move.|