The Argentine Certificates of Deposit traded with generalized rises due to the good day on Wall Street, and the rise of the dollar Cash With Liquidation.
Cedears linked to the crypto world shot up to 20%given the strong rise in cryptocurrencies but, in addition, most of the papers traded with general increases due to the good day on Wall Street, and the rise of the Cash With Liquidation dollar.
So bitfarmsa global company dedicated to generating cryptocurrency mining, advanced 19.4%. For his part, coinbasethe most famous exchange, rose 17.6%. They also advanced strongly Tesla (+9.9%), the ARK innovation ETF (+8.1%), and Shopify (+7.1%).
The generalized advances are due, on the one hand, to the fact that the main Wall Street indices advanced after a drop in the latest monthly job offers raised hopes of a pause in interest rate hikes by the US Federal Reserve.
So, the Department of Labor Job Offerings and Job Turnover Survey (JOLTS) showed that the number of job offers it stood at 8.827 million in July, falling for the third consecutive month.
Another reason why the papers advanced so much today was that the CCL dollar jumped 1.9% to $802.35.
As for the papers linked to cryptocurrencies, their strong rise was due to the fact that the Bitcoin (BTC) skyrocketed to such an extent that It registered its best day in more than five months and touches maximums of two weeks.
The most popular cryptocurrency on the market jumped more than 7% and exceeded $28,000, after the crypto asset manager Grayscale Bitcoin Trust (GBTC) scored a major court victory against the US Securities and Exchange Commission (SEC) in its efforts to turn its GBTC (over-the-counter) listing application into a Bitcoin ETF.
Source: Ambito
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