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Bitcoin Claws Its Way Back Up; Retail Sales on the Rise


Bitcoin Claws Its Way Back Up; Retail Sales on the Rise
On 6/10/21 at 2:45 PM EDT
CryptoCorner
Bitcoin s 10% climb in the last two days raises a basic question: Is this a dead cat bounce or the foundation for a rally?
Two unrelated actions raised Bitcoin s profile: El Salvador became the first nation to adopt Bitcoin as legal tender, and ForUsAll, a provider of retirement funds, announced plans to allow workers to invest up to 5% of their 401(k) contributions in Bitcoin or other cryptos.
But there may be trouble ahead for world s leading cryptocurrency.
Analysts at JPMorgan Chase note that Bitcoin s spot price is above the futures price, and that s a reason for caution. ....

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Resetting economy back to resilience will be gradual process —Second Deputy Governor


 
Resetting the economy back to resilience will be a gradual process over the next two to three years, the second Deputy Governor of the Bank of Ghana (BoG), Dr Maxwell Opoku-Afari, has said.
He said it would require collective and collaborative support and burden sharing to “build back better.”
Dr Opoku-Afari who was speaking at the 5th Chief Executive Officers Summit in Accra on Monday, said the BoG was committed to ensuring that the banking and other non-bank financial institutions remained resilient, inclusive and support the resetting Ghana’s post-COVID economy back to stability and growth.
The programme was on the theme “Resetting Ghana’s Economy: Policy Response and Strategies for Building a Resilient Economy Post-COVID Pandemic.” ....

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