Bitcoin rebounded to above the $5,000 level
The dollar was slightly lower in early trading in Europe Monday, as risk assets around the world benefit from last week’s events that included an encouraging start to earnings season in the U.S. and further signs that the Chinese economy is regaining momentum.
By now you’ve almost certainly heard (and heard) about Modern Monetary Theory. Opinions on the validity of MMT are a dime a dozen, but how to trade MMT has been Wall Street’s great unknown, according to Bloomberg Opinion’s Brian Chappatta.
Major cryptocurrencies continued to trade in the red on Friday morning in Asia, extending losses following an unexpected rally the week before. Bitcoin finally lost its grip on the $5,000 level amid a bearish sentiment.
A court in Russia fined Facebook (NASDAQ:FB) on Friday for failing to tell authorities where it stores Russian user data, Russian news agencies reported, a ruling that highlights wrangling between tech giants and Moscow as it ramps up Internet controls.