In today’s recap, Marcello talks about what Robert Kiyosaki warned on Twitter about Bitcoin and Biden’s administration(Bitcoin to be Seized?); Gasoline has been hit by inflation, reaching and surpassing $8 USD per gallon in California; Russia’s military activity against Ukraine is increasing.
Bitcoin & other cryptocurrencies were trading higher on Wednesday after U.S. President Biden announced his highly-anticipated executive order on digital assets, which somewhat appeared to take a supportive stance toward the industry. Bitcoin was trading over +9% higher at $42,291.10. The order attempts to address the lack of a framework for the development of cryptocurrencies in the U.S.
On Friday, more cities in Ukraine were targeted by Russian airstrikes in a move that suggests Moscow is now expanding its attack further into the country. It comes after new satellite images appear to show that a large Russian convoy approaching Kyiv, has been redeployed to towns & forests outside the city, potentially signaling a renewed push to push towards the capital.
Amazon expected to win unconditional E.U. antitrust approval for its $8.5B buy of U.S. movie studio MGM, in a move that is set to ramp up competition with streaming rivals Netflix & Disney. First announced in May last year, the deal would also strengthen Amazon’s video streaming service, drawing people to subscribe to Amazon Prime, which offers fast shipping & encourages consumers to shop more regularly.
U.S. liquefied natural gas (LNG) exporters are becoming big winners of Europe’s supply crisis, as they export record volumes to the European Union for the 3rd consecutive month, at prices that have rallied since Russia’s invasion of Ukraine. European gas prices have hit all-time highs just as exporters of LNG in the U.S. completed projects that had been under development for years, to deliver massive shale gas supplies to international markets.
Dow Jones closed in correction territory for the first time in 2 years; The Hang Seng Index is now at its lowest level since July 2016; Australia is being devastated by major flooding and storms; Oil prices continue to climb as fears of Russian import ban rise