Tuesday, 11 January 2022

Bitcoin falls to $40,000 USD - Some Investors buy low

Bitcoin certainly fell to something like $40,000 USD. Unfortunately for the investors, Bitcoin prices are down more than 40% since reaching an all-time high of $69,000 USD in early November. It seems that Bitcoin is certainly not having a good year. Unexpected moves happened in 2021. Now, the 2022 year is seeing a bad start.

The stock market keeps changing. Some investors expect that rising inflation pressures will force the Federal Reserve to raise interest rates more aggressively than initially anticipated. Investors have to think about the risks they want to take with volatile investments.

"Bitcoin and Ethereum got knocked down early as Treasury yields surged as expectations remain strong that inflation will not ease anytime soon, prompting the Fed to deliver more than a few rate hikes this year," said Edward Moya, as a senior market analyst at OANDA.

Some hopeful digital currency investors are buying Bitcoin's latest "low fall", however some analysts think that Bitcoin prices in the near future will be around the current price. Optimism exists for Bitcoin's long-term potential. It really seems that short-term volatility will remain elevated for Bitcoin and Ethereum.

Bitcoin really fell below $40,000 for the first time since September on Monday.

News may impact the price of Bitcoin. The Fed warned on Wednesday it may move more aggressively to remove pandemic-era stimulus as it looks to combat high levels of inflation.

Many analysts expect bitcoin to hover around $40,000  for some time.

A selloff could push bitcoin down another 8% from current prices to as low as $38,000.

Volatility measures the degree of change in the price of an investment over a certain period of time. A stock with a price that changes quickly and regularly is certainly more volatile. High volatility generally makes an investment riskier and it also means a greater potential for gains, or losses.

Below are some of the most risky volatile investments:

Oil and Gas Exploratory Drilling
Limited Partnerships
Penny Stocks
Alternative Investments
High-Yield Bonds
Leveraged ETFs
Emerging and Frontier Markets

Sunday, 9 January 2022

UK coronavirus deaths top 150,000

DW News shows that more than 150,000 people have died in the United Kingdom  after catching coronavirus Covid-19, the British government said on Saturday.

Prime Minister Boris Johnson said the virus has "taken a terrible toll on our country" and offered his condolences to people who have lost friends and relatives.

The UK is one of the most affected countries in Europe, second only to Russia, which has a reported death toll of almost 315,000.

Globally, the UK is the seventh country to pass this grim milestone, following the United States, Brazil, India, Russia, Mexico and Peru.

Canada: Mulling the idea of mandatory vaccination

CTV News Channel on Youtube shows how a human rights lawyer and bioethicist discuss the idea of mandatory vaccines in the country of Canada.

Saturday, 8 January 2022

Canada: Business owners upset as Ontario ramps up pandemic rules

Global News in Canada shows that the Canadian Federation of Independent Business predicted at the beginning of September 2021 that 1 in 6 business owners wouldn't make it through the dangerous pandemic - a figure that will certainly worsen. 

And now with COVID-19 cases rising, Ontario is ramping up restrictions, triggering fears retailers, restaurants, pubs and bars will again certainly see profits plummet. 

The latest provincial public health measures also include capacity limits for retail and closures for concert venues and theatre cinemas that will last through Jan. 26. Mike Drolet looks at the big toll this is taking on struggling business owners barely keeping their doors open.

Canada: The fly-in community where nearly half of people have COVID

CityNews Channel on Youtube shows that so-called Bearskin Lake First Nation doesn't know how much longer it can hold on. The fly-in community has a COVID positivity rate of nearly 50%, and is running out of people who can provide essential services. It's now pleading for the Canadian military to step in.

Canada’s Health Minister believes mandatory vaccines are coming

CityNews Channel on Youtube shows that Minister Duclos says mandatory vaccines are the only way to curb COVID, but says that’s up to the provinces.

Canada: Ottawa promises 140 million rapid tests in weeks amid high demand

Global News in Canada shows that with many Canadians struggling to find Coronavirus virus COVID-19 rapid tests amid the Omicron virus variant surge, Ottawa now says it will distribute 140 million kits by the end of the month. As Abigail Bimman reports, critics are still waiting for a more consistent and standardized good response to the crisis across the country.

And with cases certainly increasing, Ontario is ramping up restrictions, triggering fears retailers, restaurants, pubs and bars will again see profits plummet. Mike Drolet looks at the toll this is taking on business owners barely keeping their doors open.