Bitcoin, the best-known cryptocurrency of the world has a rather hectic time lately. 2016 was a great year: bitcoin rallied 125% against the USD from $433 to $968. A great chunk of this rise happened only in the last months of last year. 2017 started good again, bitcoin rallied to $1140. But then things went bad: the prices fell $120 in days and it seems that after a bubble burst they stay under $900. As we can see, bitcoin is unpredictable and it can have other problems too.
How does international trade look like? Metrocosm, a page specialized in data-driven content has an answer for you in the form of an interactive map. The map is based on data from 2015 but it still looks extraordinary, even if this year may bring great changes to the picture.
Many believe that investing is for the already wealthy and it’s hard to find good investments with smaller amounts of money. Despite this, it’s common knowledge that it’s best to start saving up and investing as soon as possible. This two might be contradictory, so what is the truth and how much money do we need to start investing?
It took quite some time for the Fed to hike rates, but last week they made the step and raised interest rates with 25 bps. Markets expected this change for a while now and the reactions were rather like textbook examples.
There seems to be a new competition on the oil market: which OPEC country can cut back its production the most. OPEC members met on the 30th November and they reached an agreement but just days later Saudi Arabia announced: they’ll hold themselves back even more. Meanwhile, there are countries like the U.S. which would probably rev up their production, so the market may balance itself.