Bitcoin Price Record Unsustainable Without Lower Volatility

Bitcoin

Bitcoin price charge to a record north of $50,000 isn’t sustainable unless the cryptocurrency’s price swings cool down quickly, JPMorgan analysts said in a note. The world’s biggest digital currency hit a record of $51,300 on Wednesday after smashing the $50,000 mark for the first time a day earlier, fuelled by signs it is winning acceptance among mainstream investors and companies.

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Bitcoin Price Record Unsustainable Without Lower Volatility via @MasterMindUpdate

Sensex Rebounds 400 Points Today After Four Days of Losses

Sensex

On Wednesday Indian markets rebounded today after falling over the past four sessions. Higher Asian markets helped lift the sentiment. The Sensex was up over 400 points while Nifty reclaimed 12,100. Metal, pharma and banking stocks led the gains today. Among the Sensex stocks, RIL, HDFC, Kotak Mahindra Bank, IndusInd Bank, HCL Tech, SBI and Tata Steel were over 1% today.

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Sensex Rebounds 400 Points Today After Four Days of Losses via @MasterMindUpdate

Services Activity of India Hits Seven-Year High in January

service sector contribution to gdp in india 2019

The Indian service sector started 2020 on a strong footing, with surging demand underpinning the fastest increases in new orders and output in 7 years, according to a private survey. The IHS Markit India Services Business Activity index rose to 55.5 in January, from 53.3 in December, signalling the strongest upturn in output in seven years.

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Services Activity of India Hits Seven-Year High in January via @MasterMindUpdate