Within a week, BTC price skyrocketed from $1,900 to $2,700. In some countries like South Korea, Bitcoin was being traded at over 4000$. Experts anticipated that a bubble was imposible to avoid and that a correction would have to happen.
According to the American Petroleum Institute, crude inventories have decreased last week by 8.67 million barrels. Another batch of data is waiting to be released later today. At the moment oil rebounded from the lowest level in more than two weeks.
Oil prices slipped again, even though no high activity is present now in the markets. The reason for it is an ever-growing number of new drilling platforms in US, which thwarts OPEC plans to cut oil production.
The dollar has found itself on backfoot since yesterday and investors have become mostly bearish after the Federal Open Market Committee has raised fears on the dynamics of future rate hikes. This allowed euro to climb back towards over a half-year high.
China plans to spend more than $100 billion to finance projects from the „One Belt, One Road” strategy, aiming to strenghten the world’s second larget economy’s global influence and boost the trade between China and its partners.