Oil tankers diverted from Asia to Europe as gas prices continue to rise

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Wall Street has been notoriously skeptical of cryptocurrencies, but Goldman Sachs has optimistic forecasts for Bitcoin’s outlook.

The bank said the $ 100,000 price milestone often touted by advocates of the digital coin is quite a possibility as it continues to gain market share thanks to gold.

Goldman said that while Bitcoin’s consumption of natural resources may be a barrier to institutional adoption, it would not hurt demand for the asset.

Bitcoin is currently trading at around $ 46,000, after hitting a new high of $ 69,000 last year.

5 things to start your day

1) New talks on energy crisis as cold snap drives gas prices up Business secretary scrambles to avoid another round of supplier collapses after last year’s crisis

2) Clifford Chance’s highest-paid partner takes record £ 3.2million Magic Circle’s Highest-Paid Lawyer Profit Share Jumped by One-Fifth Last Year Amid Transaction Boom

3) Twitter bans popular news aggregator Politics For All The social media company said the move was due to violations of its public manipulation rules

4) Pound sterling gives € 1.20 boost as prospect of interest rate hike in February increases The pound hits two-year high against the single currency, gaining ground against the dollar

5) British Lithium moves closer to British production The company is now able to manufacture 5 kg of lithium carbonate cost-effectively per day, which gives a boost to the electric car industry.

What happened during the night

Markets struggled in Asia on Wednesday after a timid advance by Wall Street, with inflation and expected interest rate hikes returning to the fore as Omicron fears fade for the time being. Wellington, Taipei and Jakarta increased with Manila where trade resumed after being called off on Tuesday due to a technical issue. Tokyo remained stable, with the yen holding losses to its four-year low against the dollar.

Coming today

  • Business : No scheduled update
  • Economy: End services and composite PMI (euro zone, France, Germany, United States), ADP job change, FOMC report (WE)

Mary I. Bruner