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Bitcoin down nearly 30% from record highs

Bitcoin, the world’s largest cryptocurrency extended its recent selling spiral by dropping 15% over the weekend to test $ 5500 mark.

However, the sell-off was short-lived, as the cryptocurrency swung back higher and recovered most losses to revert back to 6400 levels, according to CoinDesk.

It’s worth noting that Bitcoin is down nearly 30% from its record high posted above $ 8000 mark last week on news of calling off a SegWit2x upgrade.

The latest leg lower in Bitcoin can be mainly attributed to profit-taking after a more than 800% surge this year.

US: Trump is the lucky president? - BNPP

According to Jean Luc Proutat, Researsh Analyst at BNP Paribas, a year after being elected the USA’s 45th president, Donald Trump can boast a strong e
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FX option expiries for Nov 13 NY cut

FX option expiries for Nov 13 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: $1.1550(E370mn), $1.1600(E482mn) - USD/JPY: Y11
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