Markets ignore North Korean missile over Japan. Is this the end for Bitcoin?

by | Sep 15, 2017

Another ballistic missile launch by North Korea over Japan was practically ignored by global indices today. In Asia the Japanese TOPIX index outperformed its regional peers, climbing towards the 1,700 points mark, while the NIFTY50 sits above 10,100. 6 top NIFTY companies hit fresh 52-week highs yesterday, pushing the robust stock index higher.

In Europe, the FTSE100 sits at a 4-month low, mainly due to a stronger Pound weighing on export heavy companies in the index. The Pound made huge gains in its value against other major currencies after the Bank of England hinted that interest rate rises might be coming sooner than markets expected, in order to help with inflation, which is increasing significantly. Elsewhere on the continent stock markets are flat.

The price of Bitcoin is descending further still, after Chinese authorities made good on their promise to shut down key Bitcoin exchanges. Comments from Jamie Dimon of JP Morgan hasn’t helped matters either. The price has plunged by well over $1000 per BTC since the start of this week.

 

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ALL RIGHTS RESERVED © INVSTR LTD. 2017

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
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US traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
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