All the day’s economic and financial news, including the latest American Non-Farm Payroll for January
- Introduction: US jobs report coming up
- Bitcoin has fallen below $9,000
- Digital currency down 40% this year
At the risk of labouring the point…..
CHART OF THE DAY: Bitcoin has lost more than half its market value in just six weeks. pic.twitter.com/UUoZR9hIKV
Economics professor Nouriel Roubini says the ‘mother of all bubbles’ is now deflating fast:
Bitcoin is the biggest bubble in human history: much bigger than the Mississippi, South Sea, Tech & Tulip bubbles. The Mother Of All Bubbles is now crashing: down 60% from its December peak & still crashing. Will discuss it today with @tomkeene on @BloombergTV from 6am to 7am EST pic.twitter.com/WStGJiRySe