Cryptocurrency Analysis and News Portal
Bitcoin price is likely to push higher in December despite the regulatory pressure in the United States as the Fed struggles to lower inflation to 2 percent. The Bitcoin (BTC) narrative as a global reserve currency is fast catching up with poor monetary policies around the world. In the past 24
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King Charles II has approved the appointment of Member of Parliament Bim Afolami to the position of economic secretary to the Treasury of the United Kingdom.In a Nov. 13 notice, the U.K. government said Afolami was one of several appointments in restructuring ministers and secretaries. As economic secretary, he will
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Prime Minister Rishi Sunak has been reshaping his cabinet ahead of the next general election, which must be held by 2025. On Monday, Home Secretary Suella Braverman was fired and replaced by James Cleverly, who was himself unexpectedly replaced as foreign secretary by former Prime Minister David Cameron. Source
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Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the potential approval of a
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Despite the varied economic performance across the 20-country common currency bloc, the challenges stemming from high inflation persist. The Eurozone is grappling with a significant economic downturn, as recent data indicate a sharp drop in inflation and a contraction in the region’s economy. According to a preliminary report published Tuesday by Eurostat,
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Gabor Gurbacs, a VanEck adviser, believes that El Salvador’s pro-Bitcoin approach might pave the way for it to become the “Singapore of the Americas.” El Salvador, the world’s first country to embrace Bitcoin (BTC) as legal tender, has sparked mixed reactions globally. While some view this move with excitement, others remain
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In this article, we delve into the critical factors influencing the trajectory of cryptocurrency markets: tightening monetary policies, the resurgence of the U.S. dollar, and the lingering specter of inflation. We also examine the evolving role of cryptocurrencies, particularly Bitcoin, in the context of global finance and stability. Source
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Last week, the release of September’s Consumer Price Index (CPI) data showed a monthly increase of 0.4% and an annual increase of 3.7%. Treasury yields in the United States saw a modest increase earlier today, amid the ongoing uncertainty surrounding the country’s economic outlook. Investors continued to grapple with concerns related
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In the face of economic turbulence, Latin American countries are increasingly turning to cryptocurrency as a perceived lifeline. South American nations are leading the charge in crypto adoption per capita, leaving behind many larger developed economies like the U.S. and the European Union (EU). Regulatory responses to crypto adoption in the region
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The International Monetary Fund (IMF) has called for financial reforms, particularly in the crypto industry, to foster global economic stability. Despite the IMF’s expectation of economic growth across the Middle East, it believes the recent Israel-Hamas conflict poses substantial risks to the region’s economy. The IMF in a joint statement highlighted the
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