El Salvador won’t stop BTC from going to the moon, according to Standard Chartered
BTC will double in value and hit USD 100k by early 2022, a Standard Chartered research team is predicting, Reuters reports. “BTC may become the dominant peer-to-peer payment method for the global unbanked in a future cashless world,” the team said in a note sent to clients. BTC’s value sat steady yesterday after a major selloff on Tuesday triggered by El Salvador’s adoption of the tokens as a legal tender, which left the cryptocurrency down 10%.
EGX30 |
11,135 |
+0.4% (YTD: +2.7%) |
|
USD (CBE) |
Buy 15.66 |
Sell 15.76 |
|
USD at CIB |
Buy 15.66 |
Sell 15.76 |
|
Interest rates CBE |
8.25% deposit |
9.25% lending |
|
Tadawul |
11,455 |
+0.4% (YTD: +31.8%) |
|
ADX |
7,771 |
+0.7% (YTD: +54.0%) |
|
DFM |
2,906 |
-0.1% (YTD: +16.6%) |
|
S&P 500 |
4,514 |
-0.1% (YTD: +20.2%) |
|
FTSE 100 |
7,095 |
-0.8% (YTD: +9.8%) |
|
Brent crude |
USD 72.60 |
+1.3% |
|
Natural gas (Nymex) |
USD 4.92 |
+7.5% |
|
Gold |
USD 1,791.60 |
-0.1% |
|
BTC |
USD 46,655 |
-0.6% (as of midnight) |
THE CLOSING BELL-
The EGX30 rose 0.4% at yesterday’s close on turnover of EGP 1.4 bn (81% below the 90-day average). Egyptian investors were net buyers. The index is up 2.7% YTD.
In the green: Speed Medical (+2.6%), Orascom Development Egypt (+2.6%) and Oriental Weavers (+2.5%).
In the red: Raya (-2.7%), Sidi Kerir Petrochemicals (-1.5%) and CIRA (-1.2%).
Asian markets are up/down in early trading this morning and futures suggest xx