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Goldman Sachs announces launch of a new cryptocurrency

Odwa Magwentshu

Yesterday was an eventful day on global markets. Firstly, in the crypto world Goldman Sachs became the first major financial institution to announce that they will be creating their own cryptocurrency.  This announcement saw  the major cryptocurrencies advance with Bitcoin gaining 2.3% on the day .On the currency front theCable rate appreciated after a report was released that Great Britain might have reached an agreement to stay in the European customs union beyond 2021. The U.S 10 year Treasury yield continued to trade above the psychological 3% mark , closing the day at 3.1%. Finally, we saw more geopolitical tensions as North Korea threatened to withdraw from their summit with the US next month which unsettled investors.

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