1 day agoDoes Bitcoin benefit El Salvador?I believe it does. Firstly, it promote financial inclusion by providing access to a decentralized and secure form of currency for the unbanked population. Many individuals in El Salvador, particularly those in rural areas, do not have access to traditional banking services. …Bitcoin2 min readBitcoin2 min read
Published inCoinmonks·3 days agoSVET Markets Weekly Update (May 29 — June 2, 2023)In Week 22, job openings increased, but the unemployment rate experienced a jump. AI follies, along with renewed expectations of the Fed not raising rates, helped drive tech stocks higher, and NASDAQ (o:13109, c:13240) managed to close the week with gains. …Bitcoin5 min readBitcoin5 min read
Published inCoinmonks·May 27SVET Markets Weekly Update (May 22–26, 2023)Week 21 turned out to be bullish for NASDAQ (o: 12644, c: 12975, +2.6%), as anticipated. It was propelled by Thursday’s surge in semiconductors, fueled by the AI craze. With the PCE Index rising, traders persisted in challenging the FED. …Bitcoin7 min readBitcoin7 min read
May 26China SVET Review and AnalysisSVET Review Political Review The People’s Republic of China (PRC) is the world’s emerging superpower. However, it is also a country facing a growing number of economical, social, and ecological issues. China’s GDP exceeds $11 trillion dollars, making it the second largest in the world after the US. Despite this, its rate…Bitcoin11 min readBitcoin11 min read
Published inCoinmonks·May 21SVET Markets Weekly Update (May 15–19, 2023)In Week 20, the Empire Index decreased, building permits deteriorated, and retail sales were rising not fast enough. However, traders, driven by technical momentum, disregarded economic fundamentals and pushed NASDAQ (o:12327, c:12657) higher by 2.7 percent. In contrast, BTC (o:27395, c:26890) experienced a rational decline of 1.8 percent. Notable Macroeconomic…Bitcoin5 min readBitcoin5 min read
Published inCoinmonks·May 14SVET Markets Weekly Update (May 8–12, 2023)Despite a slight decrease in inflation and ongoing deterioration in consumer sentiment, Week 19 turned out to be uneventful, with the NASDAQ remaining flat at the 12.2K level and BTC continuing to experience technical corrections, resulting in a 4.7 percent decline and a closing price of 26459. Notable Macroeconomic Updates: …Bitcoin8 min readBitcoin8 min read
Published inCoinmonks·May 6SVET Markets Weekly Update (May 1–5, 2023)In Week 18, NASDAQ (o:12210, c:12235, +0.2%) and BTC (o:28596, c:29561, +3.3%) fluctuated due to various factors such as the 0.25 point rate hike by the FOMC, bank breakdown, and employment data. Despite the positive run on Friday’s unexpectedly positive BLS statistics, markets stalled on weekly graphs. Notable Macroeconomic Updates: …Bitcoin5 min readBitcoin5 min read
Published inCoinmonks·Apr 28SVET Markets Weekly Update (April 24–28, 2023)During Week 17, the focus was on better-than-expected corporate earnings. NASDAQ experienced a 1.4 percent increase, starting at 12053 and closing at 12226. BTC, on the other hand, reinforced its position more significantly, with a 6.7 percent growth, opening at 27443 and closing at 29328. Notable Macroeconomic Updates: Durable Goods…Bitcoin7 min readBitcoin7 min read
Apr 22SVET Markets Weekly Update (April 17–21, 2023)During week 15, trading was primarily driven by technical factors. NASDAQ ranged (o:12108, c:12072) between 12245 and 11986, while BTC corrected down by 7.6 percent from its 10-month high. …Bitcoin5 min readBitcoin5 min read
Published inCoinmonks·Apr 16SVET Markets Weekly Update (April 10–14, 2023)The 14th week saw NASDAQ break 12K (open: 11975, close: 12123, +1.2%). BTC rose to its 10-month high of 31K (open: 28277, close: 30324, +7.2%), underpinned by data showing the unforeseen decrease in PPI on Thursday and the slowing inflation on Wednesday. …Bitcoin4 min readBitcoin4 min read
