The world’s most popular cryptocurrency Bitcoin was last down 10.6% at US$31,724. It has lost about 27% of its value after touching a record US$42,000 on Jan 8. The pullback comes amid growing concerns that bitcoin is one of a number of financial market price bubbles.
LONDON: Forget economic data releases and corporate trading statements -- vaccine rollout progress is what fund managers and analysts are watching to gauge which markets may recover quickest from the Covid-19 devastation and to guide their investment decisions.
Consensus is for world economic growth to rebound this year above 5%, while Refinitiv I/B/E/S forecasts that 2021 earnings will expand 38% and 21% in Europe and the United States respectively.
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