PMI
The US Federal Reserve is making some analysts bullish on Bitcoin again
Signs of a steady Bitcoin (BTC) price recovery emerged earlier this week as investors shifted away from the U.S. dollar on weaker-than-expected economic data. In detail, Bitcoin’s drop last week to below $33,000 met with a healthy buying sentiment that pushed its per token rate to as high as $39,300 on Feb. 1. As of Thursday, BTC’s price dipped below $37,000 but was still up 13% from its local bottom. Meanwhile, the U.S. dollar index (DXY), which measures the greenback’s strength against a basket of top foreign currencies, rose to 97.441 last Friday, logging its best level since July 2020. However, the index corrected by nearly 1.50% to over 96.00 by Feb. 3. DXY vs. BTC/USD daily price chart. Source: TradingView Some market analysts saw the dollar’s renewed weakness...
SA Amongst World’s Best at Coping with COVID-19 Business Challenges, says Report
/* custom css */ .tdi_4_165.td-a-rec-img{ text-align: left; }.tdi_4_165.td-a-rec-img img{ margin: 0 auto 0 0; } Although organisations worldwide found their businesses disrupted, projects postponed, and strategies challenged during 2020, South African companies were very adept at coping with business-related challenges as a result of COVID-19, says Project Management Institute. “Drawing this conclusion in their annual Pulse of the Profession report, PMI reported that project leaders in 72% of South African organizations reported changes being taken in corporate strategy—against the 64% recorded globally,” says George Asamani, Business Development Leader, Africa at Project Management Institute. In addition to being adaptable, South African businesses displayed a higher tendency than the glo...
