Inflation data from the U.K. for the month of October due on Wednesday morning is expected to influence European market sentiment. The easing geopolitical tensions is likely to support sentiment whereas the Peoples Bank of Chinas decision to keep the rates unchanged is bound to pose a challenge. Annual inflation rate in the U.K. which...
The Peoples Bank of China left its benchmark lending rates unchanged on Wednesday as it monitor the impact of recent policy adjustments. The PBoC maintained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The bank had cut its both LPRs by...
UK consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December. The consumer price index rose 2.3 percent on a yearly basis, following Septembers 1.7 percent increase, which was the lowest since April 2021, the Office for National Statistics reported Wednesday....
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as the crude oil prices rose amid concerns about escalating tensions between the U.S. and Russia over the war in Ukraine after Russian President Vladimir Putin updated the nuclear doctrine. West...
The cryptocurrency market in 2024 saw major milestones like Bitcoin and Ethereum ETF approvals and a surge in institutional adoption.Bitcoin reached an all-time high of $108,000, while ETFs attracted billions in inflows. The cryptocurrency market rallied in 2024 to become the second-highest trading volume of all time in a single year. November alone had $2.7...
Quantum computers remain decades away from threatening Bitcoin’s robust security protocols.Bitcoin’s decentralized design ensures it can adapt to future quantum computing challenges. Quantum computing has raised concerns in the cryptocurrency community, notably accusations that this upcoming technology could jeopardize Bitcoin’s security. But based on the Crypto Tips video “Will Quantum Computing Kill Bitcoin?” these worries...
An analyst has pointed out that Bitcoin (BTC) has flipped an old support level into resistance, indicating a possible prolonged correction. The ongoing bearings sentiment is reported to have been triggered by profit-taking and macroeconomic factors. Bitcoin’s (BTC) struggle to return to its all-time high price continues as it has declined by 2.8% in the last...
XRP dominates South Korea’s crypto market, hitting $800M trading volume on top exchanges, with Bitcoin and Ether trailing far behind.Rising on-chain activity and strong trading metrics hint at a potential XRP price breakout despite underlying volatility risks. XRP has taken the spotlight in South Korea’s crypto market, outshining Bitcoin and Ether with soaring trading volumes....
Bitcoin price can soar as high as $150,000 per Michaël van de Poppe.Spot Bitcoin ETF market remains robust despite cautious bets from institutional investors. Michaël van de Poppe, a popular analyst in the crypto space, has made a bold forecast for Bitcoin (BTC). The analyst forecasted that Bitcoin price will hit a new all-time high,...
Syria’s plan to adopt Bitcoin aims to stabilize the war-torn economy, curb inflation, and attract foreign investments for recovery.Critics warn Syria’s crypto adoption faces hurdles, including regulatory challenges, geopolitical complexities, and rebuilding its shattered digital infrastructure. After years of war and devastation, Syria is eyeing a daring financial overhaul: the adoption of Bitcoin (BTC) as...