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Stay informed with free updatesJust sign up for euro area economy myFT Digest — delivered straight to your inbox.Southern Europe's four largest economies have outperformed Germany by around 5 percentage points since 2017, confirming that the region is recovering twice as fast from the recent shock.Italy, Spain, Portugal and Greece have collectively increased their index-adjusted gross domestic product by more than 200 billion euros over the past six years, more than the entire Portuguese economy, while Germany's GDP has increased by It has grown by only 85 billion euros. The analysis was carried out by the Financial Times' Capital Economics…
Bitcoin price is plummeting! Even though volume is still relatively low, that level is now approaching the key support level near $66,000. This suggests that buyers are skeptical about future price trends, forcing traders to consider whether to buy or sell Bitcoin. As a result, prices began to fall due to reduced purchasing activity. This may cause alarm as key factors have contributed to the recent BTC price decline. High funding and open interestThe funding rate is nothing but a fee set by the exchange to maintain a balance between the contract price and the spot BTC price. Fluctuations in…
Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services. Since 2017, our team has spent hundreds of hours researching cryptocurrencies. To pick the best crypto exchanges, we evaluated more than 20 companies based on their security, user experience and cost. We also studied current crypto regulation and compliance reports, compared fee schedules and spoke to our in-house crypto experts for further guidance. Ads by Money. We may be compensated if you click…
Lately, there has been a lot of discussion around Layer 3 solutions, and top companies in the industry are also joining the discussion. Last Sunday, Polygon Labs CEO Marc Boiron said that Layer 3 solutions are not essential for scalability and cannot add much value to the Ethereum ecosystem. Now, Ethereum co-founder Vitalik Buterin also shares a similar view in this regard.Ethereum Layer 3 does not significantly increase throughputVitalik Buterin said that while Layer 3 solutions do not inherently increase throughput significantly, they can help alleviate certain fixed costs associated with batch publishing and deposits and withdrawals.Buterin shared a previous…
Bitcoin (BTC) experienced a significant drop today. On April 2, 2024, at 02:45 UTC, the price of Bitcoin briefly fell below $67,000, causing traders to liquidate more than $500 million. The drop comes after BTC managed to rise to $71,000 yesterday. Should Bitcoin investors watch out for further corrections? According to data provided by CoinGlass, there has been a large amount of liquidations in the crypto market in the past 24 hours. Total liquidations amounted to a staggering $500.45 million, with 154,729 traders liquidated. It is noteworthy that the majority of these liquidations (approximately 84.19%) were from long positions. Among…
The Monetary Authority of Singapore (MAS) announced on Tuesday that it will expand the scope of crypto-related activities that Singapore regulates to include custody services.Changes in scope include cross-border transfers even when transfers cannot be received or received within the city-state, and the facilitation of the transfer of cryptocurrencies between accounts and exchanges.This law was passed in 2021 as an amendment to the Payment Services Act (PS Act), which is the framework for regulating payment service providers. It was expected to be enacted in the fourth quarter of 2021, but MAS only implemented the changes on Tuesday. Since 2021, the…
The crypto market is currently trading sideways as Bitcoin's fourth halving approaches in the next 19 days. However, historical data reveals a compelling trend, with Bitcoin experiencing significant price increases of between 800% and 8,000% during each previous halving. With the upcoming fourth halving scheduled to see the block reward reduced from 6.25 BTC to 3.125 BTC, expectations are high on how Bitcoin will react to this pivotal event. Bitcoin historical performance Prominent crypto investor EvanLuthra.eth has drawn attention to Bitcoin's historical performance following previous halving events. These halvings play an important role in maintaining Bitcoin's scarcity and increasing its…
Liquidations are increasing even as the total market capitalization has plummeted by more than 6% in the past few hours. According to CoinMarketCap, this caused about $200 billion to leave the market, reducing it to about $2.5 trillion. CoinGecko reports slightly different numbers, putting the total cap down to around $2.6 trillion at the time of writing. However, it has remained flat for most of the past month. $500 million liquidation approach According to data from Coinglass, 154,176 traders were wiped out in the past 24 hours, with a total liquidation total of approximately $500 million. Most of them were…
Today, the top cryptocurrency price witnessed a bearish turn as Bitcoin (BTC) price plummeted to the $66,000 level. Furthermore, 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 pricesThe 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 the market valuation…
Nearly 70% of Poles do not want their country to join the eurozone, with conservative PiS voters being the most skeptical, according to recent polls. According to a poll carried out by United Surveys for Wirčarna Polska, 66.8% of Poles would rather keep the zloty than adopt the euro, and almost half would prefer to join the eurozone. I am absolutely against it. Only 27.3% support the introduction of a European currency. Twenty years after Poland joined the EU, support for membership in the eurozone remains relatively low among Poles, with citizens particularly concerned about rising prices for basic goods…