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    US Capitol insurrection: Pence closer than initially known to the violent mob during US Capitol storming, Washington Post reports

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    FBI tracking “extensive amount of concerning online chatter” before inauguration of Joe Biden, says director

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    Indonesia earthquake: strong quake in Sulawesi kills at least 34, injures hundreds

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    Trump explodes at Nixon comparisons as he prepares to leave office

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    New York attorney general sues NYPD to install monitor, alleges years of civil rights abuses

    More than 100,000 customers still without power after overnight windstorm Wednesday – KIRO Seattle

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    Extraordinary security measures in place nationwide ahead of inauguration of Joe Biden

    Extraordinary security measures in place nationwide ahead of inauguration of Joe Biden

    Covid-19 Live Updates: India Starts Vaccinating Its 1.3 Billion People

    Covid-19 Live Updates: India Starts Vaccinating Its 1.3 Billion People

    US Capitol insurrection: Pence closer than initially known to the violent mob during US Capitol storming, Washington Post reports

    US Capitol insurrection: Pence closer than initially known to the violent mob during US Capitol storming, Washington Post reports

    FBI tracking “extensive amount of concerning online chatter” before inauguration of Joe Biden, says director

    FBI tracking “extensive amount of concerning online chatter” before inauguration of Joe Biden, says director

    Indonesia earthquake: strong quake in Sulawesi kills at least 34, injures hundreds

    Indonesia earthquake: strong quake in Sulawesi kills at least 34, injures hundreds

    Trump explodes at Nixon comparisons as he prepares to leave office

    Trump explodes at Nixon comparisons as he prepares to leave office

    New York attorney general sues NYPD to install monitor, alleges years of civil rights abuses

    New York attorney general sues NYPD to install monitor, alleges years of civil rights abuses

    More than 100,000 customers still without power after overnight windstorm Wednesday – KIRO Seattle

    More than 100,000 customers still without power after overnight windstorm Wednesday – KIRO Seattle

    Key takeaways from Wednesday’s developments in the Capitol riots investigation

    Key takeaways from Wednesday’s developments in the Capitol riots investigation

  • Business

    Economists See Few Monetary Policy Changes With Powell Leading Fed

    Indonesia’s Largest Fleet of Taxis Teams Up To Beat Ride-Hailing Apps

    Olivia Munn’s One-Piece Swimsuit Plunges Further Than You Thought Possible

    Hannah Donker talks being The Weeknd’s love interest in ‘Secrets’

    High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

    Bitcoin Is ‘Definitely Not A Fraud,’ CEO of Mobile-Only Bank Revolut Says

  • Celebrity

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    Slip silk scrunchies review: they prevent breakage and protect my hair

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    Slip’s Silk Scrunchies Will Protect Your Hair From Breakage

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    Scrunchies Are Now Called “Hair Clouds” & Yes, They Are Back In Style

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Crypto Trading Volumes Hit Record $68.3B Monday

Editorial Team by Editorial Team
January 6, 2021
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Crypto Trading Volumes Hit Record $68.3B Monday
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Trading volumes on cryptocurrency exchanges have been doing extraordinarily well this week, hitting a new record volume of $68.3 billion, Reuters reported.

The surge shows how strong trading has been lately, according to Reuters.

Bitcoin reached $34,800 on Sunday (Jan. 3), compounding its 2020 rally that catapulted it to quadruple as big U.S. investors got into the mix, Reuters reported. Bitcoin had seen a string of days in which it continually broke records, passing $20,000 on Dec. 16 and other high points for consecutive days after.

The value fell on Monday (Jan. 4) alongside volatility in highly leveraged futures markets before recovering losses.

Ethereum, the second-biggest cryptocurrency, which usually rises at the same time as bitcoin, also hit its highest level on Monday since 2018, with a $1,170 value, Reuters reported.

The perception that seems to have been behind bitcoin’s rally is that the cryptocurrency can be a hedge against inflation risks, as governments and central banks dole out stimulus pay to help fight the economic effects of the pandemic, Reuters reported, as its “potential for fast gains also attracted demand.”

Crypto prices often spike when there are extreme price swings, which Reuters reported shows the central role played by speculative traders in digital currency trading.

A report this month from PYMNTS noted that some of the biggest backers of the recent surge in crypto buyers are institutional investors. PYMNTS reported that this has the potential to make the coins more expensive, keeping them out of the hands of retail investors.

The institutional parties are usually in the possession of ample funding, sometimes billions of dollars, with which to chase profits they want to acquire. And if cryptos become too expensive, they become less and less likely to be seen as anything but speculative instruments.

PYMNTS reported that 90 percent of Americans have never owned bitcoin, and 70 percent have no plan to do so, which could make room for alternatives to the biggest cryptocurrencies.

——————————

NEW PYMNTS DATA: THE DECEMBER 2020 SUBSCRIPTION BUNDLING REPORT 

About: The PYMNTS Subscription Bundling Report, surveyed a census-balanced panel of 2,962 U.S. consumers to gauge how their attitudes toward bundled subscription services have changed during the pandemic, especially those offered by companies in the streaming sector. The report also examines how the knowledge that a COVID-19 vaccine will soon be available throughout the U.S. could affect their perceptions.



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