Friday, May 8

Economy

The token rose as far as $57,036 in early Asian trading, its highest level since November 2021, having recovered from a tumble below $40,000 in the initial days following the opening of US-based spot Bitcoin exchange-traded funds (ETFs) in early January. Later in the day, it pulled back slightly to trade at $56,325 as of 08:30 GMT, still up more than 9% over the past 24 hours.

The EU’s agricultural sector lost €19 billion ($20.6 billion) in 2022 and 2023 as a result of a liberalization of trade with Ukraine, European Agriculture Commissioner Janusz Wojciechowski announced on Monday.   

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