Glacier FarmMedia COVID-19 & the Farm

Global Markets: Bitcoin rallies overnight

By MarketsFarm

WINNIPEG, April 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– The cryptocurrency Bitcoin climbed by as much as 20 per cent in overnight trading, hitting US$5,000 at one point with one algorithmic order worth US$100 million said to be the catalyst for the rally.

– Citing trade tensions, Brexit, and expectations for rising interest rates, head of the International Monetary Fund Christine Legarde warned of a slowing economy in many countries around the world in 2019. Legarde made her comments in Washington D.C. ahead of the IMF’s spring meeting next week.

– Politicians in the United Kingdom are still working at stopping a no-deal Brexit, as proposals from Prime Minister Theresa May have failed three times already and an alternative has not yet been found. Cabinet meetings were being held on Tuesday, with a fourth vote expected sometime this week.

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