The most prominent event during the European session was the jump of cryptocurrencies. <\/p>\n\n\n\n
Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%.<\/p>\n\n\n\n
The market value of Bitcoin has jumped to levels of 1.3 trillion dollars, while it is now rising within a week in the range of 11%, and Bitcoin has risen in the range of 25% within thirty days and by 135% since the beginning of the year.<\/p>\n\n\n\n
After rising above $66,000 today and reaching a market capitalization of more than $1.3 trillion, Bitcoin has surpassed the combined market capitalization of automaker Tesla and social media giant Facebook.<\/p>\n\n\n\n
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Federal Reserve Chairman, Jerome Powell, stated that the Fed is taking a broad look at the indicators that measure how close the US economy is to reach full employment. Today, Jerome Powell emphasized the importance of targeting marginalized workers.<\/p>\n\n\n\n
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Concerns about rising inflation and tighter monetary policy have become a major concern for market participants, the Federal Reserve said on Monday in its latest financial stability report, pushing aside coronavirus pandemic fears. <\/p>\n\n\n\n
Nearly 70% of market participants surveyed by the Fed cited inflation and tighter Fed policy as their main concern over the next 12 to 18 months.<\/p>\n\n\n\n
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Data from Euro Oil Stock showed on Tuesday that European stocks of crude oil and derivatives fell about 8 percent on an annual basis in October, but were 1.3 percent higher than September levels.<\/p>\n\n\n\n
Stocks reached 1.07 billion barrels in October, with all oil derivatives, except naphtha, rising on a monthly basis.<\/p>\n\n\n\n
Crude consumption rates in refineries fell last month by 2.2 percent from September levels to 9.1 million barrels per day, but it was 9.6 percent higher than October 2020 levels.<\/p>\n\n\n\n
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The most prominent event during the European session was the jump of cryptocurrencies. Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of 1.3 trillion dollars, while it is now rising within …<\/p>\n","protected":false},"author":9,"featured_media":52585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6928,6911,6864,6837],"class_list":["post-54436","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-euro","tag-europe","tag-european-stocks","tag-eurozone"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=54436"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54436\/revisions"}],"predecessor-version":[{"id":54437,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54436\/revisions\/54437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52585"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=54436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}