Bitcoin's surpassing $45,000 after nearly two years
Bitcoin has recently soared past $45,000, a peak it hasn't reached since April 2022. This surge, up by over 20% since December, is fuelled by hopes for a U.S.
ETF approval for the cryptocurrency. Alongside Bitcoin, Ether has also seen gains. Traders are eagerly buying, spurred by the potential ETF decision and the upcoming 'halving' event in April, which reduces Bitcoin rewards for miners.
Despite a tough 2022, Bitcoin's rebound last year signals a strong comeback, though it's still below its highest record of nearly $69,000.
US and the Netherlands join forces to limit China's chip tech access
ASML, a Dutch chip equipment maker, has stopped some shipments to China following a request from the US government. This move comes just before new Dutch export restrictions take effect in January 2024.
The US aims to curb China's advanced semiconductor industry, impacting companies like Huawei. ASML confirmed the partial revocation of licenses for these shipments.
The decision has led to a decline in Chinese semiconductor stocks and is part of ongoing US efforts to control the flow of high-end chipmaking technology to China.
UK shoppers see relief as food prices dip during festive season
In the UK, food inflation saw a significant drop to 6.7% in December, the lowest since June 2022, due to intense competition among supermarkets during the Christmas period. This decline marks the eighth consecutive month of falling food prices.
Supermarkets, especially discounters like Aldi and Lidl, reported record sales, with Aldi experiencing its busiest day ever. Prices of festive items like vegetables and drinks were notably reduced.
However, retailers might face challenges in 2024 due to increased wages, business rates, and new EU border checks. Despite these hurdles, efforts to keep prices low will continue.
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