Page 9 - James Malcolm News Today

Japanese yen currency-related exchange traded funds have experienced some volatile swings as large investors dip back into this segment of the foreign exchange market.

The relative stabilisation in the prices of cryptocurrencies is fuelling hopes that the contagion of 2022 may have run its course.

Bitcoin plunged as low $17,600 over the weekend as the mood in cryptocurrency markets continued to darken.

Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin.

Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates, but have started showing signs of settling.

Cryptocurrency stabilise after a 16 month low and a volatile week with the crash of TerraUSD

By Alun John and Elizabeth Howcroft

Sentiment surrounding cryptocurrency is fragile as coins supposed to be pegged to the dollar have faltered.

By Alun John, Elizabeth Howcroft and Gertrude Chavez-Dreyfuss

Bitcoin climbed back toward $30,000 after hitting the lowest since 2020