Category: Mild
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Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly?
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Data shows that positive sentiment around Bitcoin has spiked on social media after Bitcoin rebounded above $58,000, meaning investors may be feeling a fear of missing out. The ratio of positive to negative sentiment towards Bitcoin has increased recently. According to data from the analytics company saintThe public has recently…
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India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says By Reuters
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MUMBAI (Reuters) – The Reserve Bank of India may allow the rupee to weaken slightly to ease a slightly elevated real effective exchange rate and keep the South Asian currency “competitive”, Bank of America Securities said in a note on Thursday. This “supports the government’s ambitions to attract large-scale manufacturing…