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LONDON (Reuters) - A multi-year boom in global house prices which even a pandemic has failed to halt is forcing central banks around the world to confront a knotty question - what, if anything, should they be doing about it?
FILE PHOTO: A real estate sign that reads For Sale and Sold Above Asking stands in front of housing in Vaughan, a suburb in Toronto, Canada, May 24, 2017. REUTERS/Mark Blinch
The surge in property values from Australia to Sweden is often viewed benignly by governments as creating wealth. But history also shows the risk of de-stabilising bubbles and the high social cost as millions find home ownership unaffordable.
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LONDON A multi-year boom in global house prices which even a pandemic has failed to halt is forcing central banks around the world to confront a knotty question – what, if anything, should they be doing about it?
The surge in property values from Australia to Sweden is often viewed benignly by governments as creating wealth. But history also shows the risk of de-stabilizing bubbles and the high social cost as millions find home ownership unaffordable.
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(Bloomberg) â The mania that drove crypto assets to records asàCoinbase Global Inc.àwent public last week turned on itself on the weekend, sending Bitcoin tumbling the most since February.
The worldâÂÂs biggest cryptocurrency plunged as much as 15% on Sunday, just days after reaching a record of $64,870. It subsequently pared some of the losses and was trading at about $57,000 at around 1:25 p.m. in Tokyo Monday.
Ether, the second-biggest token, dropped below $2,000 over the weekend before also paring losses. The volatility buffeted Binance Coin, XRP and Cardano too. Dogecoin â the token started as a joke â bucked the trend and is up 25% over 24 hours, according to CoinGecko.
Coinbase Hangover Rattles Crypto Assets With Bitcoin Falling
Bloomberg 1 hr ago Shamim Adam and Emily Barrett
(Bloomberg) The mania that drove crypto assets to records as Coinbase Global Inc. went public last week turned on itself on the weekend, sending Bitcoin tumbling the most since February.
The world’s biggest cryptocurrency plunged as much as 15% on Sunday, just days after reaching a record of $64,869. It subsequently pared some of the losses and was trading at about $56,440 at around 8:25 a.m. in Tokyo Monday.
Ether, the second-biggest token, dropped as much as 18% to below $2,000 before also paring losses. The volatility buffeted Binance Coin, XRP and Cardano too. Dogecoin the token started as a joke bucked the trend and is up 7% over 24 hours, according to CoinGecko.