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The effects of aggressive monetary tightening in recent years cannot be overlooked. Lending channels have been severely affected as bank loan growth has fallen sharply to recession-related levels of around 0%. For now, there has been only modest improvement in household and business borrowing as high interest rates continue to discourage investment in the economy. Still, there are cautious signs of improvement, with the European Central Bank's October Bank Lending Survey showing that lending conditions continue to improve modestly. This is also due to the ECB's interest rate cuts. Demand for bank loans is improving, especially for home purchases. The…

Cryptocurrencies’ wild rally continued overnight amid mounting election enthusiasm and hopes for political patronage for the digital asset class. In the past 24 hours, Bitcoin hit a high of $66,482, while Ethereum hit a high of $2,653. As Chinese stocks plummeted, expectations that funds would flow back from Chinese stocks to virtual currencies also boosted sentiment. market on tuesday. Strong inflows into Bitcoin ETFs on Monday also supported the recovery in the crypto market.The total market capitalization of cryptocurrencies increased by more than 2 percent to $2.28 trillion from $2.24 trillion the previous day. More than 70 percent of the…

The cryptocurrency market is showing a notable bullish trading pattern as all coins are trading in the green in large quantities. Bitcoin has broken through the $66,000 point and there is speculation that this new rally could push it to new highs by the end of the year. NEIRO has been experiencing rapid growth throughout this month, making early investors rich, to say the least. This meme coin has soared an incredible 5333% in the past 30 days and shows no signs of stopping. Leading market analysts have found meme coins to be one of the most lucrative tokens out…

overview In August 2024, seasonally adjusted industrial production increased by 1.8% compared to July 2024. euro area and increased by 1.3% european unionaccording to a first estimate from Eurostat, Statistical Office of the European Union. In July 2024, industrial production fell by 0.5%. euro area and, european union. Compared to August 2023, industrial production increased by 0.1% in August 2024. euro area and an increase of 0.2% european union. Monthly comparison by major industry groups and member countries in euro area Comparison of industrial production in August 2024 and July 2024 Intermediate goods decreased by 0.3%; Energy increases by 0.4%,…

The latest data released by Eurostat on Tuesday showed that activity in the euro zone's industrial sector improved in August. Industrial production in the Old Continent increased by 1.8% month-on-month. In comparison, July was expected to increase by 1.8% and forecast to be -0.5%. Eurozone industrial production increased at an annual rate of 0.1% in August, compared with -2.1% in July. The market consensus was -1.0%. EUR/USD reaction to Eurozone industrial production statistics Eurozone industrial data failed to move the euro's needle as EUR/USD remained high above 1.0900. At the time of writing, the pair is up 0.04% on the…

21 stocks has launched a new multi-crypto ETP, positioned as Europe's most diversified basket, offering exposure to both fundamental and emerging digital asset sectors. This ETP is positioned as the most diverse cryptocurrency basket ETP in Europe. of 21Shares Crypto Index ETP Future listed in euronext paris In euros (ticker: FUTRFP) and thereafter euronext amsterdam In US dollars (Futol NA). Covering more than 80% of the entire ecosystem, the ETP leverages a dynamic sector allocation strategy designed to balance the portfolio between proven technologies and newer, high-growth opportunities. It uses full direct “physical” replication, with each ETP share being transferred…

Ethereum (ETH) appears to have recovered from its recent drop to sub-$2,400 levels. The asset is up 2.7% on the daily chart, 6.9% on the weekly chart, and over 7% week over week. The price of ETH has also increased by nearly 67% since October 2023. Despite the gains, the second-largest cryptocurrency by market capitalization is down 1.8% on the 14-day chart.Also read: Sell Jio Financial stock: Entry at 320 price levelFactors behind Ethereum’s recent surge and future price predictionsSource: ChangelyWhy is the virtual currency market rising?The recent decline can be attributed to Bitcoin (BTC) regaining the $65,000 level. BTC's…

Ethereum is also skyrocketing in price, just like Bitcoin. The solid bull run on October 14th could shape short- to medium-term price trends and impact price performance. Currently the buyer is in charge and local support remains at $2,300. Although the coin is in a solid uptrend, there is a clear entry once the coin crosses $2,800. Still, aggressive traders can ride the positive sentiment by expecting the coin to break above $2,800 following yesterday’s rally. Risk-off traders will consider a loading opportunity if there is a significant rally above September's highs.Traders are optimistic and expect Ethereum to rise further…

A notable analyst who pinpointed Bitcoin's pullback earlier this year says BTC could soon enter the explosive phase of the market cycle. In a video update, pseudonymous analyst Recto Capital told his 91,000 YouTube subscribers that Bitcoin will break through the top of its trading range and hit a new all-time high (ATH) in the coming weeks. He said it is possible. “We are retesting this [$60,000 level] For several weeks in a row, we are trying to position towards higher prices. [of around $71,000] here. And of course we have a series of low highs that we have to…

Data shows that the crypto derivatives sector has been hit by a number of liquidations as Bitcoin rises above the $66,000 level. Bitcoin has now recovered to the $66,000 level The past day was a great day for Bitcoin investors, with the price showing a sharp recovery spike and reaching the $66,000 level for the first time since late last month. The chart below shows what the recent price movement of the asset has been. The price of the coin seems to have skyrocketed over the past day or so | Source: BTCUSDT on TradingView The graph shows that this…