Bitcoin almost wipes out its mega gain
![The Bloomberg Galaxy Crypto Index, which tracks some of the largest digital assets, dropped as much as 21 per cent.](http://web.archive.org./web/20190628033246/https://www.afr.com/content/dam/images/h/0/k/0/8/a/image.related.afrIndexLead.320x210.p5224a.png/1561669863526.jpg)
It's easy come, easy go in the crypto world, where a frenzy over bitcoin fuelled a stunning surge earlier this week.
It's easy come, easy go in the crypto world, where a frenzy over bitcoin fuelled a stunning surge earlier this week.
The RBA will cut the cash rate next week and then move to the sidelines to assess the impact of its easing, according to TD Securities.
So far this year, bitcoin has risen more than 260 per cent, although it remains below its all-time high of nearly $US20,000 hit in December 2017.
Bitcoin has nearly tripled in value over the past three months as 'fear of missing out' once again grips retail investors - and this journalist wants in.
While Haruhiko Kuroda last week opened the door to easier policy, Japan's central bank has far less room to manoeuvre compared with the US Federal Reserve.
Wall Street banks are starting to ponder the risk that the Trump administration could seek to drive the US dollar - near a three-month low -...
The geopolitical chaos caused by Donald Trump simply highlights the US dollar's attractions over any of its rivals.
Bitcoin tested 15-month highs after jumping more than 10 per cent over the weekend.
President Trump's unpredictable salvos have spurred challengers to the US dollar's hegemony as the global reserve currency.
Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins, according to the Paris-based Financial Action Task Fo...
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