Home About the company Daily reviews Africa breaks into crypto. Slow market regains amid New Year holidays.

Africa breaks into crypto. Slow market regains amid New Year holidays.

28.12.2021

Market Review

News of the day, Tuesday, December 28th:

Investors have returned to risk assets as the biggest fears about the new variant's impact have faded. After soaring more than 2% to their highest in a month the day before, oil prices cautiously extended gains on Tuesday. Asian stocks rose somewhat, riding the coattails of another record-breaking day on Wall Street.

The yen fell to a one-month low against the dollar. In comparison to a basket of peers, the dollar remained above the bottom of its recent trading range. Sterling remained close to a one-month high, as it regularly does when risk sentiment improves.

Bitcoin (BTC) has raised the all-time high price bar many times this year, indicating 2021 as a bull market. Cardano is off to a strong start in the new year, with new features and enhancements. Much of these initiatives, as far as 2022 is concerned, are centred on Africa.

The price of Brent crude is $78.72 per barrel, WTI — $76.22. EUR/USD is at 1.1326, GBP/USD — 1.3439, gold is at 1,815.50 per ounce.

Author: GC
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