MARKETS.COM A GLOBAL BRAND
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Fri, 29 January 2021 | Written By: Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
Musk powers Bitcoin surge
Bitcoin surged this morning as Elon Musk changed his Twitter bio to say simply #Bitcoin, later posting ‘In retrospect, it was inevitable’. Prices leapt from around $32,400 to touch on $38,000 in under an hour following the update, before retracing to trade around $36,500. We have seen this week the power of social media to drive markets, with the Reddit situation in full public glare. Elon Musk was involved there too, tweeting ‘Gametonk!!’ and a link to the /r/wallstreetbets Reddit, fuelling a surge in the GME share price after hours.
MARKETS.COM A GLOBAL BRAND
The domain global.markets.com is solely and exclusively operated by Finalto (BVI) Ltd which is an authorized and regulated by the B.V.I Financial Services Commission (“FSC”) under the Securities and Investment Business Act, 2010, licence number SIBA/L/14/1067. Finalto (BVI) Ltd is located at Ritter House, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
CFD and Investment Strategy Builder accounts are provided by Finalto (BVI) Ltd. Share Dealing accounts are offered in selected jurisdictions by Safecap Investments Limited (a company registered in Cyprus and regulated by CySEC under license number 092/08).
Risk Warning: Trading Foreign Exchange (Forex) and Contracts For Difference (CFD) is highly speculative, carries a high level of risk and is not appropriate for every investor. Any advice provided on this website is general advice only, and has been prepared without taking your individual objectives, financial situation or needs
Anti-Monopoly Investigation Launched Against Alibaba December 24, 2020 10:00
On Thursday, Chinese regulators announced that an anti-monopoly investigation has been launched against Alibaba Group, the first of its kind for a Chinese tech company.
In particular, the market regulator will focus on Alibaba’s policy of “choose one of two”, whereby merchants are required to sign cooperation pacts which prohibit them from selling their products on rival platforms.
The news comes a month after regulators forced the suspension of Ant Group’s IPO, Alibaba’s financial technology spinoff, which was co-founded by Alibaba founder Jack Ma. The IPO was set to be the world’s largest.