Fed Chairman Powell Warns Stimulus Withdrawal Could Jeopardise Economic Gains

UK retail sales: Following May’s record jump in retail sales figures in the US more than doubling expectations, investors will be eyeing May’s retail sales data report in the UK on Friday. Versus April, retail sales are expected to have gained 5.7%, with a 17.1% deficit versus May 2019’s figure. In April, UK retail sales fell by 18.1% versus March, the biggest drop-off since records began in 1988. 

Crypto corner: Number of Bitcoin ‘whales’ increasing 

The number of so -called ‘Bitcoin whales’ has increased by 2% in the short time since the cryptoasset’s halving event, despite the fiat price of a Bitcoin (BITCOMP) mostly treading water in that time. A Bitcoin whale is a holder of 1,000 coins or more of the cryptoasset.

According to data from blockchain analytics firm Glassnode, the number of whales has increased from 1,811 on 1 May to 1,840 as of Tuesday – a level not seen since November 2017. A whale’s holding of 1,000 Bitcoin would be worth $9,411,930 on today’s valuation of the cryptoasset.

Glassnode says its measure of investor participation – the whale metric - is more useful than typical measures, which look at the number of addresses on the network as a proxy for investor participation. According to Glassnode, this is inaccurate as some Bitcoin users will have multiple addresses to access the network.

All data, figures & charts are valid as of 18/06/2020.

1 2 3
View single page >> |

Disclaimer: eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority. eToro (Europe) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission. eToro AUS ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.