Opening today’s news is the announcement on last Saturday of ambitious Nayib Bukele

Updated time: 24 Jan, 2022, 14:18 (UTC+04:00)

Opening today’s news is the announcement on last Saturday of ambitious Nayib Bukele – President of El Salvador of building this country the world’s first #BitcoinCity. This will be funded by bitcoin-backed bonds and soon to be implemented after adopting #bitcoin as legal tender in September. However, the speech given by such a person loving bitcoin and proclaiming himself as “dictator” of El Salvador has been fueling protests against the government, despite real potential in market cap expansion.

Europe faces fears when COVID-19 flares up and Austria re-imposes a full lockdown, followed by Germany in the upcoming time. This dropped the #euro to $1.1274 - about 0.23% but trend followers and tactical traders still expect for short EUR. The pair #EUR/USD continues being in a free-fall, as the #dollar receives additional support from bullish news by the #Fed.

#AUD eased to #0.7234.

#Oil price continues to decline after 4 weeks of losses due to key consumers’ emergency supply and rising demand amid COVID-19 boom across Europe. The U.S and Japan may join hands in releasing oil reserves this week to help dampen the price.

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