So what is driving this revival in bitcoin . Erin delmore reports. Its been more than two years since we have seen Bitcoin Cross the 60,000 mark, but the cryptocurrency did just that on wednesday, even soaring to 64,000. It may be closing in on its all time high of 68,000. There are a few reasons why crypto enthusiasts are fired up About Bitcoin these days, newly approved Spot Bitcoin Exchange traded funds have investors buzzing and there is a change coming up in april when bitcoin miners start getting less bitcoin for their efforts and the spectre of lesser supply fuels more demand. 0ne lesser supply fuels more demand. One more thing than any background here, the Federal Reserve is expected to cut Interest Rates this year, that stokes investors because interest in alternative investments like cryptocurrencies. But its not all smooth sailing, some uses of queen based global, the largest trip to exchange in the us unexpectedly saw their balances drop down to zero among the bitcoin buzz
Points on trade yesterday. We are getting local reports there could be a stimulus , and potentially mna reforms as well to keep growth at pace within a reasonable range. We have seen that slow down really weighing on policy makers and their ability to do anything about it. We also had comments from the willmario draghi saying he do whatever it takes policymakers will react. To some of the volatility we have seen. Again look at the quick movers, are biggest movers in china. With oil related stocks surging on hopes of the deal from the venezuela and russia and saudi arabia meeting. One of the top decks in surging by 18 of 1. 8 . Angie borrowing binge in china last month sought credit reaching a record, bigger than the entire South African economy. 2. 5 trillion yuan, or three and. That is a lot of cash. Reporter before i came on here, i was taking my job the ground. Much higher than expected. We dont know for sure yet. Somebody is linked to pick up a mortgage amount, companies trying to
Lift. What is dictating sentiment . There are two things, theres the countdown and the bottom line. On 15 from the previous quarter. There is abenomics. Expenditure and it is rising 4. 6 . Holding back on its ending and expansion of capital. He yen is a bit stronger the sentiment so far for asia shows a decline across asia. Of course, the fed is meeting on tuesday and wednesday. It is all about tapering and will they do it this month, or at the next meeting in march. Before see the tapering ben bernanke hands over the reins to janet yellen. Israeli market is falling and is slightly unchanged. Thailand, singapore, and malaysia show declines. Cross it is across a margin of 10 . Meeting the fed tomorrow and wednesday. The nikkei is carrying a lot of weight, obviously. It has been following and Consumer Group seven link to a survey and Consumer Groups could be facing a tax in april of next year of a. 5 . 8. 5 . Housing groups and other groups will be falling. , you have more and exporters
Reaches a fever pitch overnight as parent groups slam her act and mtv. What the music star is saying right now. Take a good girl and good morning, america. As we come on the air, the crisis with syria really heating up. Just moments ago, the government there promising to use all available means to defend itself from a u. S. Strike. Preparations for that strike are ramping up right now. This, of course, comes just hours after u. S. Officials called the use of chemical weapons by the Syrian Government last week, quote, cowardly, undeniable and a moral obscenity. This from secretary of state john kerry. Thats right. This morning. Syria is saying thats a lie. Lets get right to the region where Abcs Martha Raddatz is tracking all of this on the ground in amman, jordan. Good morning, martha. Reporter good morning, george and elizabeth. This region is bracing for a possible military attack on syria, which could come soon. This morning potential targets have been identified, allies consulted,
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