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(+) Weekly Review: Ethereum Reaches Record High as Shares Return to Strength

The big question: what's happening on the Chinese stock market?

The main cryptocurrencies recorded minor losses early Friday, but quickly regained ground and turned losses into gains.

Ethereum had a great day yesterday, leaping more than 10% maximum before leaving. Ethereum ended the day up about 6% to $ 406, surpassing the resistance level at $ 400. Friday morning, the ethereum has earned nearly $ 60 since Monday.

Ethereum also broke with the long-term triangular chart we saw on the daily chart, indicating that there could be other benefits to the etheric.

Meanwhile, bitcoin added 0.83% to $ 8,098 before noon in Asia on Friday. Cryptocurrency plunged earlier in the morning, from $ 8,185 to nearly $ 8,000 before returning in force. Overall, the week was flat for bitcoin, staying above the $ 8,000 line since Monday.

Litecoin's price gained 1.39% to $ 74.32 around noon, wiping out a portion of the $ 3 loss observed early in the morning. Litecoin broke the $ 70 mark on Wednesday and has remained above that level ever since.

In the media, Uport, an ID platform on ehtereum blockchain, has opened a digital identity record on its platform for the citizens of Zug, Switzerland, which would allow the company to access the Internet. access to online services such as online voting. This decision marks a milestone in the adoption of blockchain technology in government services.

In addition, Dan Bilzerian, a professional poker player and a social media celebrity, apparently earned a lot of money after buying a $ 2,300 bitcoin shitload in May. Quote of the day:

"It's like sweating as if I had made a bet on the Super Bowl or something like that", – Dan Bilzerian talks about rising prices for bitcoins.

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But Bilzerian could still be able to earn a lot more, if Max Keizer, a reporter on Russia's new RT, said that bitcoin will reach $ 100,000 and that bitcoin money is just an imitation of bitcoin.

Main Market Movements – Asian Negotiating Session at Midday

Index Value at noon Daily Change
Japan – Nikkei 225 22 446 -0.34%
China-China composite index 3,346 -0.18%
Hong Kong -Hang Seng 29,877 0.57%
South Korea-KOSPI 2,537 0.02%
Australia-ASX 200 5,967 -0.31%
Futures S & P 500 E-Mini 2,596 -0.04%

Most of the major Asian equity markets were in a mixed mode on Friday morning, with small losses in Japan, mainland China and Australia, and minor gains in Hong Kong.

In Japan, the Nikkei 225 was down 0.34% to 22.446 Friday at noon.

In mainland China, the Shanghai Composite Index was down 0.18% to about 3,346 before noon. In Hong Kong, the Hang Seng index rose 0.57% to around 29,877 before noon.

The Shanghai Composite had the biggest loss of the day this year on Thursday, after closing down 2.29%. The decline is still relatively small compared to some views last year, but nevertheless indicates that continental investors are worrying more and more about Chinese growth.

Stocks in Shenzhen, South China also suffered big losses on Thursday. Analysts attribute the decline to a combination of factors, including toughening regulations on the country's burgeoning online lenders.

In South Korea, Kospi added 0.2% to about 2,537 shortly before noon.

Bottom, the ASX 200 was down 0.31% to 5,967.

The S & P 500 E-Mini Futures was down 0.04% to 2,596 at midday.

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In other news, nuclear tensions on the Korean peninsula are back after North Korea said that the US decision to inscribe the country on a state sponsor of terrorism was a "declaration of war".


The Japanese yen depreciated 0.12% of the US dollar Friday afternoon at 111.33 for a dollar.

The Chinese yuan lost 0.13% against the US dollar at 6.5868 to the dollar.

The Australian dollar lost 0.04% on the dollar, from $ 1.3116 at noon.


WTI Oil was down 0.17% to $ 58.42 a barrel.

Brent Crude lost 0.09% to $ 63.33 per barrel.

Gold was up 0.12% to $ 1,292 an ounce

Economic News in Asia

In China, the experts urge the government to prepare for any action taken by the United States to target Chinese trade. The Chinese authorities are concerned that the Trump administration could put pressure on China on the grounds of trade, citing reasons such as insufficient protection of intellectual property rights and a non-free market.

Takeaway: Sino-US relations have been generally positive since Trump took office and further improved after the meetings of the two leaders, but things remain fragile.

In Australia, the government published the first white paper on foreign policy in a decade. The most important theme: Australia is turning to the United States to play a bigger role in the Asia-Pacific region in order to counter the rise of China.

Take away: Although there is nothing new in the paper about his foreign policy, he is still angry in China. Sino-Australian relations are still extremely important for the Australian mining and agricultural industry.

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