Bitcoin, Ethereum, Ripple’s XRP, Litecoin And Chainlink Suddenly Bounce Back

Bitcoin, ethereum, Ripple’s XRP, litecoin and chainlink—five of the biggest cryptocurrencies by value—have bounced back from a sell-off this week.

The bitcoin price climbed to over $18,000 per bitcoin after crashing to around $16,000 on Friday as ethereum, Ripple’s XRP, litecoin and chainlink record even wilder swings.

MORE FROM FORBESIs This The Real Reason Bitcoin Has Suddenly Soared Toward Its All-Time Highs?

The upswing has been led by XRP, which added over 10% over the last 24 hours, with bitcoin, ethereum, litecoin and chainlink climbing around 5%.

The combined bitcoin and cryptocurrency market value has swung by around $100 billion this week after bitcoin brushed its 2017 all-time high of almost $20,000.

The sell-off, which saw bitcoin lose 10% of its value in a

Read More

Emerging Markets Poised to Bounce Back in 2021

By Debbie Carlson

It’s been a tough decade to be an emerging-markets investor, as this sector has underperformed the S&P 500 since 2010.

But market watchers say after 10 years of lagging the U.S., emerging markets may finally be ready for prime time as valuations and a rebounding global economy could help the sector.

Marcelo Carvalho, head of global emerging market research at BNP Paribas, says although emerging markets still face several risks in the coming months, 2021 could be “a sweet spot” for these countries.

BNP Paribas, along with several other economic forecasters, say much of their 2021 outlook is based on effective and safe vaccines. So far several companies, including Pfizer, Moderna and AstraZeneca have announced 90%-plus efficacy in late-stage vaccine trials. It’s a sentiment that’s lifting all markets, including emerging markets, says Pat O’Hare, chief market analyst at Briefing.com.

“There’s welling up of expectations that you’re

Read More