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The Unexpected Collapse of Cryptocurrencies and the Impact on Gold and Fuel Prices

The unexpected collapse of the cryptocoin occurred on the night of last Friday. In just 10 minutes, bitcoin, which cost about $29,000 for several weeks in a row, lost 8% of its value. Other cryptocurrencies followed it down. What is the reason for this collapse and what the market expects next, the Ministry of Finance understood.

Titanium, cannabis, military-industrial complex of Ukraine: Which businesses in Ukraine can earn super profits (video)

Oleksandr Bondarenko, managing partner of the Bureau of Investment Programs (BIP), economist, speaks about the untapped potential of Ukraine. Which businesses in Ukraine can earn super profits and how to do it in the coming years.

The NBU canceled the licenses of two non-banking institutions, one of which is a major player in the currency exchange market.

The National Bank of Ukraine has canceled the licenses of two non-banking institutions. About it says in the message from the regulator.

Why does gold actually rise or fall?

Last week, gold prices broke through another local minimum, and on Monday they fell to $1,722.82 per troy ounce. For comparison: in July it was possible to buy the precious metal for $1985 per troy ounce, and in May for $2080. From what depends the price of gold, said Avi Gilbert, founder of ElliottWaveTrader.net.

Filling station prices: Chains continue to raise fuel prices

Over the weekend of August 18-21, the average price of A-95 gasoline in the country increased by 16 kopecks and amounted to UAH 52.52/l, A-95+ gasoline went up by 30 kopecks to UAH 54.71/l, and diesel fuel by 16 kopecks, up to 52.04 UAH/l.

Weekly exchange rate forecast: what could “blow up” dollar and euro quotes again

This week in the currency market will be very tense. The potential troublemaker will not be the interbank market, but the cash market. More about this in the latest review of the Ministry of Finance.

2023-08-21 17:00:00
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