Bitcoin price quadruples over 2020, beating shares and gold. Bitcoin has gained 269% compared to the 45% for Nasdaq. But why this year? Despite arguments over the status of bitcoin, cryptocurrency remains hugely popular. The increased exposure and public understanding of crypto over the past few years has boosted demand for the limited supply sky-rocketing its price.
With Brexit negotiations almost at a close, Britain will start the new year without the EU. All eyes are now on how the UK’s economy will bounce back depending on deal or no deal.
The uncertainty brought by the US election race has led investors to focus on the dollar with a rise by 1% against most global currencies. The dollar had a fair few ups and downs last night as Trump saw higher success than expected. Some surprising currencies have weakened including the Chinese yuan, Australian dollar and Norwegian crown. Share prices in Wall Street’s Dow Jones Industrial Average will start low today. Read on to learn more about how the US election will affect stock markets.