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Sliding into the new week

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Miguel A. Rodriguez
Miguel A. Rodriguez
18 May 2021
Bitcoin and Ethereum usage fees drop by up to 80% as market slide continues.
  • European #stocks dipped after staging a sharp recovery late last week, as underwhelming Chinese data and a resurgence of COVID-19 cases in some Asian countries outweighed optimism over the reopening of the British economy.
  • Usage costs are falling on #Bitcoin and #Ethereum after both coins marked all-time highs for transaction fees and market valuations during the recent rally.
  • Alibaba's cloud unit saw slower revenue growth due to the loss of a customer rumoured to be #TikTok owner #ByteDance, as #Alibaba posted its first quarterly loss as a listed company.

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.