Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Crypto currency, Bitcoin surpassed Dollar 18,000 and focus on breaking all time high

Global IndexesNov 24, 2020
Crypto currency, Bitcoin surpassed Dollar 18,000 and focus on breaking all time high
Crypto currency, Bitcoin surpassed Dollar 18,000 and focus on breaking all time high in December 2017. The cryptocurrency has a reputation for extreme volatility. It plummeted as low as $3,122 in 2018 after rallying to nearly $20,000 a year earlier. In the last week alone, bitcoin has added more than $2,000 and was at $18,485.60. the cryptocurrency economy is well above a half of a trillion dollars and is hovering at $538 billion today.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.