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Since July 2022, the European Central Bank (ECB) has faced the eurozone with interest rate increases of unprecedented scale and speed. The effects of this policy are now beginning to appear.The Organization for Economic Co-operation and Development expects eurozone gross domestic product (GDP) to grow by just 0.6% this year, revised down from 0.5% in 2023. This is the weakest growth performance among major countries.Gross fixed capital formation (investment) will be hit the hardest, falling by 0.6% in 2024. The ECB expects growth to accelerate in 2025 (+1.6%). But this was also the company's 2024 prediction a year ago.The tight…
Bitcoin's recent corrective price action is believed to be the cause of the decline in inflows. The liquidation of Genesis Global's bankruptcy assets resulted in an outflow of funds from GBTC. Investment funds tied to Bitcoin [BTC]The world's largest cryptocurrency recorded net outflows last week, ending a seven-week streak of inflows. Investors become bearish on Bitcoin Institutional investors sold more than $900 million in Bitcoin last week, according to a new report from digital asset management firm CoinShares. Although recent outflows have impacted the year-to-date (year-to-date) numbers for Bitcoin-based funds, inflows remained impressive at nearly $12 billion. Source: CoinShares Furthermore,…
MDIA and MCA showed that ETH is well below this cycle's high. Those who bought altcoins recently suffered losses, but more upside could be on the way. Ethereum holdings [ETH] It may have been an extreme sport for some when it went from $4,200 to $3,445. But long-term market participants who have seen the ecosystem bulls and bears appear unfazed. AMBCrypto obtained this information after analyzing the speed. Velocity is the speed at which coins circulate in a cryptocurrency economy. If the velocity spikes, it means the coins are circulating at a fast pace. It's not the time to take…
March 26, 2024 3:11 AM | 2 minute read | richard dawkinsThe famous evolutionary biologist who coined the term “meme” in his 1976 book The Selfish Gene received a unique birthday present this year. It's a cryptocurrency named after him. dokoin.what happened: Dawkins, who turned 83 on Tuesday, amusedly acknowledged the creation, tweeting: To commemorate my birthday and the coining of the word “meme,” someone created a meme coin, Docoin. I don't even know what that means, but it sounds interesting. ”Enter to win $500 in stocks or cryptoEnter your email address to get Benzinga's Ultimate Morning Update, a free…
Short answer: Spot Bitcoin ETFs can be purchased at Robinhood, Coinbase Wallet, Webull, and Interactive Brokers.Gaining investment exposure to Bitcoin has never been easier with the new Spot Bitcoin Exchange Traded Fund (ETF). Approved by the Securities and Exchange Commission (SEC) in early 2024, this ETF became the most successful ETF launch in history, garnering tremendous attention and pushing Bitcoin to new highs. ETFs make it easier for investors to trade cryptocurrencies, opening up space to a new demographic. Let's take a look at how to buy Spot Bitcoin ETF shares now. What is Spot Bitcoin ETF?ETFs are created when…
After a rocky start in the 2020s, the cryptocurrency industry finally found its footing again in 2023, orchestrating a massive comeback and expanding beyond industry expectations. As of 2024, Bitcoin is once again soaring, and the latest MiCA bill promises to provide much-needed regulatory stability in this market. As a result, the cryptocurrency sector has achieved an impressive level of maturity and sustainable growth. Such impressive growth indicators have made the cryptocurrency industry desirable for many brokerages and financial institutions. Currently, there are over 20,000 trading tokens in the cryptocurrency space, and a trader base of 300 million people and…
TL;DR Robert Kiyosaki is a proponent of Bitcoin investing, predicting a significant price increase, and suggesting split purchases for those who can't afford to buy the entire Bitcoin. Halving events, among others, are recognized as important catalysts for potential upside. Reasons to accumulate more Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, is one of the most vocal proponents of Bitcoin (BTC). This American businessman not only extols the benefits of major digital assets, but is also a HODLer. Most recently, he revealed that he plans to buy an additional 10 BTC (worth about $670,000 at current…
Bitcoin is up 324% in 15 months, but there's another cryptocurrency that has all the ingredients to explode. If you had acquired Bitcoin on New Year's Day 2023, you would now have a staggering 324% return.Not bad for a 12 month return. Even real estate in Sydney's eastern suburbs cannot match such returns.Is it time to fire the financial advisor who told you all cryptocurrencies are a scam? Probably not. Cryptoassets remain a volatile asset class, so you should always do your own research before investing.But there are cryptocurrencies, like Bitcoin these days, that industry leaders think could skyrocket in…
If you were too hungover to pick up any Bitcoin on New Year's Day, you've already enjoyed an impressive 57% return as of today.If you had acquired Bitcoin on New Year's Day 2023, you would now have a staggering 324% return.Not bad for a 12 month return. Even real estate in Sydney's eastern suburbs cannot match such returns.Is it time to fire the financial advisor who told you all cryptocurrencies are a scam? Probably not. Cryptoassets remain a volatile asset class, so you should always do your own research before investing.But there are cryptocurrencies, like Bitcoin these days, that industry…
Goldman Sachs' Asia-Pacific institutional clients are seeing a resurgence of interest in Bitcoin, Ether and other crypto assets, Bloomberg reports. This trend represents a significant evolution in the investment environment for traditional financial institutions. Max Minton, head of digital assets at Goldman Asia Pacific, says a significant number of his firm's top clients have recently become involved in or are considering opportunities in the cryptocurrency space. Bitcoin remains the most popular This resurgence of interest follows the approval of the Spot Bitcoin Exchange Traded Fund (ETF), a move that legitimizes the crypto asset in the eyes of traditional investors. Minton…