Stock markets and bitcoin fall amid Ukraine worries and US interest rate rise fears – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Global stock markets are starting the new week on the back foot, as investors fret about looming interest rate rises and the Ukraine crisis.

Shares have dropped in many Asia-Pacific markets, after Wall Street ended last week with more losses. The S&P 500 fell 1.9% on Friday, as January continues to be one of the worst months for stocks since the pandemic began.

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Block’s Money App Activates Bitcoin Transfers By way of the Lightning Community

  • Money App customers will be capable of ship bitcoin anyplace without spending a dime through the Lightning Community, the fee platform stated.
  • The Lightning Community hastens transactions throughout the bitcoin community, attributable to the way it handles blocks.
  • Block CEO Jack Dorsey has been engaged on bitcoin initiatives since stepping down from Twitter final 12 months.

Folks utilizing

Money App

can now use the Lightning Community to switch bitcoin, the Block-owned funds platform supplier has stated.

This integration will allow clients to make bitcoin transfers quicker than earlier than, and without charge, it stated in a put up to Twitter

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Bitcoin (BTC) Rise Impacted by El Salvador: Bitcoin Journal By CoinQuora

© Reuters. Bitcoin (BTC) Rise Impacted by El Salvador: Bitcoin Journal
  • Journal says Bitcoin rose by over 30% after El Salvador gave its residents $30.
  • Bitcoin (BTC) is up by 2.42% and trades at $62,286 within the final 24 hours.
  • From the worth of BTC, El Salvador residents have gained $9 in revenue.

The previous few weeks noticed a swift change in the whole crypto market. The most important spotlight of this flip of occasions was Bitcoin (BTC). The crypto, which is now equated to gold, has develop into a nationwide treasure for a lot of components of the world.

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