The Bitcoin logo appears on the display screen of a crypto currency ATM in Salem, N.H.    Before dabbling in crypto, it helps to get your financial house in order, experts say. That means setting money goals, building your savings and contributing to retirement accounts and educating yourself on how crypto works.

The S&P 500 pulled back from all-time highs on investor concerns about the U.S. economic recovery.

On Friday, the U.S. Labor Department reported an 8.3% increase in the producer price index in the month of August, its highest year-over-year growth dating back to at least 2010. Federal Reserve Chair Jerome Powell has consistently said elevated inflation levels are “transitory” as the economy reopens to full capacity, but investors are watching to see if the Fed is ultimately forced to begin tapering its monthly asset purchases sooner or more aggressively than anticipated.

On Tuesday, El Salvador became the first country to make Bitcoin legal tender. Bitcoin prices still dropped more than 10% on the week as violent anti-Bitcoin protests erupted in the streets of San Salvador. 

Popular cryptocurrency exchange Coinbase disclosed on Tuesday that the U.S. Securities and Exchange Commission has notified the company that the regulator intends to sue Coinbase over its Coinbase Lend product. On Twitter, Coinbase CEO Brian Armstrong blasted the SEC for its “sketchy” behavior, but Coinbase shares traded lower by more than 5% on the week.

(Excerpt) Read more Here | 2021-09-11 03:02:21
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