Economic events that have an impact on the markets
Alternative & Crypto
Blockchain technology has good days ahead_
Investors are watching the impressive rally of the cryptocurrency market, as Bitcoin has recently updated the record high for the first time since December 2017 to consolidate above $20,000. The largest cryptocurrency by market cap is now trading at $24,000, gaining over 220% so far this year. Ethereum has surged over 400% YTD, rallying as the second-largest cryptocurrency is adopting a major update called Ethereum 2.0.
The green rush is at sight_
Two major Canadian producers of cannabis – Aphria and Tilray, agreed to merge their operations and create the largest cannabis company by sales. The new formation will have a total value of almost $4 million and will maintain Tilray’s name. It is estimated to generate 12-month revenues of $685 million, well above the sales of Canopy Growth and Curaleaf’s $500 million, both of which have larger market capitalizations.