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US banking stocks report positive earnings and European shares optimism pushes ahead
![Bank workers on trading floor Bank workers on trading floor](https://img.capital.com/imgs/articles/263x190x1/Traders-working-the-floor.jpg)
State Street earnings come at $519m compared to $634m for the same year-ago quarter
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Shares for the biggest US crypto platform were referenced at $250 a share – but soared to $410.
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Bitcoin hit $62,839 (£45,667) at 9.30am 13 April while Ethereum reached $2,211 (£1,614).
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Crypto analysts at Bloomberg have gone super-bull on Bitcoin, suggesting a $400,000 valuation isn’t out of the question. The view comes from their April Crypto Outlook 2021 edition and claims Bitcoin now occupies valuation territory similar to its 2013 position.
![Picture of crypto prices Picture of crypto prices](https://img.capital.com/imgs/articles/263x190x1/shutterstock_764356612.jpg)
Respected journal Nature has raised more environmental concern about the sustainability of China’s energy-hungry bitcoin mines.
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Norway and Sweden are regularly lauded as economic and social super-models. Free market capitalism and a generously backed welfare state? Tick. A commitment to private ownership and a robust public sector? Tick. Strong growth balanced by high levels of redistribution? Tick again.
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Bitcoin’s recent brutal tumble below $10,000 sharpened many minds on crypto valuations
![Vector of brain: Shutterstock Vector of brain](https://img.capital.com/imgs/articles/263x190x1/biases.jpeg)
The fiery relationship between Daniel Kahneman and Amos Tversky sparked the development of trading psychology
![vector of brain vector of brain](https://img.capital.com/imgs/articles/263x190x1/biases.jpg)
Avoid these cognitive biases and improve your trading performance making your investment decision more objective and rational.
![Currency cross-rates table Currency cross-rates table](https://img.capital.com/imgs/articles/263x190x1/shutterstock_91483565.jpg)
Cross currencies are currency ‘pairs’ that omit the US dollar - the bulk of global exchange rate transactions involve the US currency or ‘greenback’. Cross currencies are where other currencies are allowed to be the dealmaker.