Author: admin
Indian regulators are reportedly considering banning cryptocurrencies again as they consider them high-risk investments and are leaning toward more regulated alternatives, namely central bank digital currencies known as CBDCs. are. But why would “the world’s largest democracy” consider banning virtual currencies? Our view is as follows. In India, CBDC is the digital rupee (e₹). Insiders have suggested that authorities believe CBDCs could serve a similar purpose as cryptocurrencies, but with potentially increased oversight and reduced risk. The Reserve Bank of India has already started implementing the digital rupee, which has become very popular since its introduction in 2022. As of…
As the election cycle draws to a close, Ethereum could become more liquid. However, various factors cast doubt on the possibility of that rebound. With just a week left until the election, crypto markets are poised to become more liquid and a potential catalyst for Ethereum [ETH] To get out of the doldrums. This could indicate a promising buying opportunity as ETH is sitting on a favorable greed index. But uncertainty clouds the rebound. If the previous pattern repeats, Solana could capitalize on the Bitcoin market peak again. As recently, BTC has seen strong daily gains for four days despite…
This week is filled with important economic events and corporate earnings, which are expected to influence market sentiment. Eurozone inflation data will be the focus for the region. advertisementSeveral important economic indicators and corporate earnings will influence market sentiment this week. In the eurozone, several major economies are expected to release monthly inflation and quarterly GDP data, providing insight into the region's economic trajectory and providing guidance on the ECB's future interest rate path.Globally, all eyes will continue to be on the United States, as non-farm employment statistics are the most important data for financial markets. The world's largest economy…
Stay informed with free updatesJust sign up for cryptocurrency myFT Digest — delivered straight to your inbox.The crypto trading arena is rapidly expanding into derivatives, with hopes that tighter regulation and the promise of highly leveraged returns will lure cautious investors into the market.Dutch crypto futures and options exchange D2X will launch next month, while London-based One Trading and GFO-X are both set to launch early next year.They will join other derivatives new entrants like Bermuda-based US-based Kraken this month to challenge leaders CME Group, Binance and Bybit for a share of the fast-growing market.Bitcoin's price has risen more than…
Japan's leading financial groups, including major banks, crypto exchanges, and securities companies, are seeking regulatory approval for crypto ETFs.Mitsubishi UFJ Trust and Banking, Nomura Securities, Daiwa Securities, BitFlyer and others released a coalition report on Friday calling on regulators to review the tax framework for virtual currencies.Japan's virtual currency tax is currently set at 55%. The group is calling on regulators to lower the tax in line with the stock market's 20% tax policy. Last week, Democratic Party of Japan leader Yuichiro Tamaki also promised to lower the virtual currency tax to 20% if elected.”If you think that crypto assets…
Cryptocurrency prices today are causing investor speculation around the world and showing a variety of movements. Bitcoin (BTC) price rose today and stalled at the $67,000 level, while Ethereum (ETH) and XRP remained in line with the red region. At the same time, Solana (SOL) and Dogecoin (DOGE) have witnessed impressive gains over the past day. Additionally, MANTRA (OM) emerged as the top gainer of the day, leading the overall market rally. Today, the global cryptocurrency market capitalization increased by 1.11% to $2.3 trillion. However, the total market value decreased slightly by 0.61% to $48.31 billion. Here is a quick…
Bitcoin’s support price is around $66,000, and a recovery is certain. Ethereum price is supported by an uptrend line. If the closing price is below, it indicates that there is a possibility of a decline in the future. Ripple price finds support near the $0.488 level. A solid close below would suggest a continuation of the downtrend. Bitcoin (BTC) has found support near the key level of $66,000, suggesting a possible recovery. However, Ethereum (ETH) and Ripple (XRP) are showing signs of weakness and will continue to fall if they close below key support levels. Bitcoin Shows Potential Upward After…
With the presidential election a week away, micro strategy founder michael Thaler turned up the political heat a few notches and asked who was between them. donald trump and kamala harris would be good for Bitcoin BTC/USD. what happened: Known as a Bitcoin evangelist, Thaler has been vocal about the cryptocurrency's growing influence in political debates. On Sunday, he added an X poll, asking his more than 3.6 million followers for their thoughts on the polarizing question. As of this writing, with 18 hours left to vote, Trump was leading with 91% of the vote. The total number of votes…
Ethereum price has been under pressure recently. The stock fell to $2,387 amid widespread market declines on speculation about regulatory oversight of Tether. However, technical indicators and on-chain data indicate that Ethereum may be poised for a reversal. Sentiment about the near-term future is improving. TD Sequential Gift Buy Signal The TD Sequential indicator on the Ethereum 12-hour chart is also suggesting a buy signal, which is also a positive sign. Technical analysis of the bearish trend predicts a rebound to $2,665 if the $2,412 support level holds. This move is consistent with broader market trends observed in recent days.…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Recently, an important technical event occurred in Bitcoin. It is a crossover between the 50-day and 100-day Exponential…