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As inflation slows, the European Central Bank (ECB) may halt future rate hikes, with the upcoming staff projections and rate decision playing a crucial role in determining the bank’s approach. Central banks across the world have been hiking interest rates in order to tame the soaring inflation. However, as inflation shows
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The surge in open interest comes alongside a decline in price and signals an influx of bearish short positions in the market. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum (ETH) has recently achieved a milestone in the derivatives market as the open interest for its perpetual futures contracts on Deribit surged to a three-year high of $544,931,613. The new record surpasses the previous three-year high
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The latest price moves in bitcoin (BTC) and crypto markets in context for May 23, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Ordinals have triggered a frenzy in memecoins and NFTs on the Bitcoin network, with mining revenue riding high. The explosive popularity of memecoins and non-fungible tokens (NFTs) on the Bitcoin (BTC) network has induced a surge in mining revenue. However, how long this positive development will last remains to be seen.
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied DigiToads‘ code is secure following a thorough review by Coinsult, a blockchain security and audit firm. Meanwhile, pepe coin (PEPE) remains under pressure and faltering. As laws regulating crypto and the industry are being developed, the resulting
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The metaverse token market has witnessed a surge in value, with various metaverse tokens experiencing notable gains ranging from a solid 2% to an astounding 28%. As the excitement around these meme coins intensifies, a tweet from
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The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on the concept of how the group can
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Bitcoin (BTC) sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewTraders: BTC price must retain $26,500Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash dip to $25,800 on Bitstamp.The pair saw weakness
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Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.Today’s show starts by discussing the economic crisis in Argentina, a
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