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what's happening?In a dramatic change, eurozone inflation hit the brakes in March, reaching 2.4%, sparking debate over the European Central Bank's (ECB) next steps.What does this mean?Contrary to expectations, inflation in the euro area has not been as robust as expected. The annual inflation rate in March fell slightly to 2.4% from 2.6% in February, surprising forecasters who had expected it to plateau. The core inflation rate, which excludes volatile food and energy prices, also fell to 2.9%, suggesting that stubbornly rising costs may be easing. However, the service sector inflation rate remained steady at 4.0%, indicating continued wage-driven inflationary…
The fourth Bitcoin halving event is expected to occur on or around April 19, 2024, heralding a major change in the cryptocurrency landscape. The crux of the quadrennial halving event is that it involves a reduction in the reward (block subsidy) given to miners for each block mined on the Bitcoin blockchain, as defined by the protocol. Halvings are scheduled to occur approximately every four years, or every 210,000 blocks, until the entire supply of 21 million Bitcoins has been mined by approximately 2140. As part of Bitcoin's deflationary approach to supply caps, the upcoming halving will reduce the Bitcoin…
Let's explore the Bitcoin Ponzi scheme discussion. Check out the criticism, Ponzi explanation, and why Bitcoin isn't. Actor Ben McKenzie is primarily known for his roles on The O.C., Southland, and Gotham, where he plays an indomitable character who navigates a lonely moral groove in a city riddled with crime and violence. He plays police officer Jim Gordon. But recently, Mackenzie has taken a cue from Jim Gordon's character and embarked on his own crusade against cryptocurrencies, this time rather than the Joker or the Maroni crime family. MacKenzie has been a vocal critic of the cryptocurrency industry. He also…
High risk warning: Foreign exchange trading involves a high level of risk and is not suitable for all investors. Leverage introduces additional risks and losses. Please consider your investment objectives, experience level, and risk tolerance carefully before deciding to trade foreign exchange. You may lose some or all of your initial investment. Don't invest money you can't afford to lose. Please familiarize yourself with the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor. FOREXLIVE™ provides references and links to…
Interoperability and staking hub Picasso Network has successfully integrated the Inter-Blockchain Communication (IBC) protocol with Ethereum. This means that Ethereum can now natively transfer assets and data with Cosmos Hub, Polkadot, and Kusama via IBC. Picasso said more chains will be connected in the near future, including Solana. Currently, most bridge protocols use lock-and-mint or lock-and-burn methods for transfers between blockchains, which can pose security risks. Other blockchains introduce an assumption of trust by introducing a third party to oversee these transactions. For this reason, native bridging is considered the most secure way for two separate blockchains to transact with…
Eurozone consumer and core inflation slowed in March, increasing the likelihood that the European Central Bank will cut interest rates in June, ending the aggressive tightening cycle seen in the past few years. It will come to an end.Eurostat's preliminary data on Wednesday showed the harmonized index of consumer prices rose at an annual rate of 2.4%, slower than the 2.6% rise in February. Prices were expected to rise by 2.5%. Similarly, core inflation, which excludes volatile food and energy prices, fell more than expected to 2.9% in March from 3.1% the previous month. The percentage was estimated to be…
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43% of survey respondents said they plan to purchase cryptocurrencies in 2024. Will this record amount drive prices even higher?
A record number of people are planning to buy cryptocurrencies this year. What does that mean for the price of Bitcoin? at the price of Bitcoin (BTC 1.02%) With new highs hitting new highs and meme coin mania returning, it's perhaps no surprise that more people than ever are planning to buy cryptocurrencies. According to The Motley Fool Ascent's 2024 Crypto Investor Trends Survey, 43% of respondents say they are “likely” or “very likely” to invest in cryptocurrencies this year, an all-time high. was recorded. The natural assumption is that with all this new money flowing into cryptocurrencies, the prices…
Today, the top cryptocurrency price witnessed a bearish turn as Bitcoin (BTC) price plummeted to the $66,000 level. Moreover, Ethereum price fell below $3,400. Meanwhile, other top altcoins such as Solana (SOL), XRP, and Cardano (ADA) have fallen noticeably. Today's major virtual currency prices The price of Bitcoin had fallen by 5.60% to $66,558.68 as of this writing on Tuesday, April 2nd. Meanwhile, trading volume surged 101.24% to $41.93 billion in the past 24 hours. Meanwhile, the market capitalization of cryptocurrencies was $1.3 trillion. Turning to altcoins, the Ethereum price plummeted 6.70% to $3,365.39 at the time of writing, bringing…
Q2 Market Forecast: Outlook for USD, Gold, Euro, Crude Oil, Bitcoin, Yen, and StocksA number of central banks are expected to trigger interest rate cuts in the second quarter of this year, likely introducing new volatility across a wide range of asset classes.For all the economic data and events that move the markets, DailyFX CalendarLearn how to master the financial markets with 3 free guides Recommended by Nick Corey Recommended by Nick Corey Master the three market conditions There are different ranges A number of volatility drivers will emerge in the second quarter of this year, providing multiple trading opportunities.…