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Shutdown Angst Clouds Markets Again With Covid Cases on the Rise


Jul 20 2021, 8:43 AM
July 19 2021, 9:54 PM
July 20 2021, 8:43 AM
(Bloomberg) Los Angeles has reinstated indoor mask requirements. Sydney has tightened lockdown measures. Athletes in Japan for the Olympics are testing positive for Covid-19.
(Bloomberg) Los Angeles has reinstated indoor mask requirements. Sydney has tightened lockdown measures. Athletes in Japan for the Olympics are testing positive for Covid-19.
On Monday, many got a jarring reminder that the coronavirus pandemic hasn’t gone away, with anxious investors worried the resurgences could erode economic growth and reverse a rally in equities that had reached record highs as recently as last week.
“The rise in the variant, the ‘Oh my gosh, are we going to get shut down? And then even if we don’t get shut down, is growth going to slow?’” are thoughts driving the selloff, said Kim Forrest, founder and chief investment officer at Bokeh Capital Partners. ....

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Bitcoin declines below $30 000 for the first time in a month


MONEYWEB
app instead?
Bitcoin declines below $30 000 for the first time in a month
The world’s largest digital coin fell as much as 4.1% and was trading at about $29 600 as of 12:55 p.m. in Tokyo.
By Vildana Hajric and Claire Ballentine, Bloomberg
20 Jul 2021 
06:42 
Image: Chris Ratcliffe/Bloomberg
A selloff in Bitcoin accelerated Tuesday, pushing it below $30 000 for the first time in about a month.
The world’s largest digital coin fell as much as 4.1% and was trading at about $29 600 as of 12:55 p.m. in Tokyo. Other virtual currencies also retreated, including Ether and meme token Dogecoin. The Bloomberg Galaxy Crypto Index was down about 5%. ....

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Bitcoin slumps below $30 000 - and could have further to fall

Bitcoin slumps below $30 000 - and could have further to fall
techcentral.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcentral.co.za Daily Mail and Mail on Sunday newspapers.

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