What to watch
National Grid: Compared to the wider market of London-listed stocks, it has been smooth sailing for National Grid in 2020 so far. The firm’s share price is close to breakeven for the year, and has essentially been flat for months. National Grid reports its latest set of quarterly earnings on Thursday. Currently, analysts are split between a hold and buy rating on the stock, which offers a dividend yield of more than 5%.
Bank of England interest rate decision: On Thursday, the Bank of England will announce its latest decision on interest rates and investors will also get a look at the Monetary Policy Committee’s meeting minutes. Expectations are for the rate to remain where it is now, at 0.1%, but investors will also be watching for plans to extend the central bank’s quantitative easy program.
Crypto corner: There are now 8,000 ATMs worldwide dispensing Bitcoin
The total number of Bitcoin ATMs has now passed 8,000 worldwide, according to monitoring resource CoinATMRadar, after a surge this year.
In total there are 8,208 ATMs in 73 countries allowing users to buy and sell Bitcoin (BTC) and altcoins for cash. The number of Bitcoin ATMs has risen 17% since March when it was reported by Cointelegraph that there were more than 7,000 in operation.
While there are now ATMs dispensing Bitcoin across the world including in the UK, Switzerland, Austria, and Spain, the majority are in the US which boasts 6,000 in total.
Depending on the ATM, people can purchase and withdraw Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Dogecoin (DOGE), Tether (USDT) and XRP.
As distribution hubs for cryptoassets increase, the price is also on the rise this week. Bitcoin was up at $9,479 this morning, while Ethereum is also off recent lows, trading at $232.
All data, figures & charts are valid as of 17/06/2020. All trading carries risk. Only risk capital you can afford to lose.
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