Author: admin

Written by Paul Hannon Philip Lane, the European Central Bank's chief economist, said on Wednesday that the eurozone economy is not weakening rapidly, but questions are being raised about whether the expected recovery is progressing. The central bank said in September it expected growth to accelerate next year, but a series of recent surveys and economic indicators have shown signs of stagnation. Speaking in Washington, D.C., Lane said that while these surveys were not entirely in line with the ECB's expectations, they did not suggest a significant deterioration in the outlook. “There is no dramatic slowdown in the eurozone economy,”…

ETH fell below $2,600 after encountering strong resistance above $2,700. This pullback could be a trap that could cause a short squeeze in ETH as leverage spikes. Ethereum [ETH] This is the third day of bearish retracement after encountering resistance above $2,700. However, there is speculation that the decline will be short-lived. Recent CryptoQuant analysis suggests that ETH short positions have surged above the $2,700 price level. This confirmed that many were expecting a retracement due to previous resistance at this price level. Selling pressure is currently outweighing demand, with the price rising to $2,584 at the time of writing.…

Experienced trader Peter Brandt believes two additional crypto assets are showing signs of strength, including Bitcoin (BTC) and Ethereum (ETH). Blunt told his 744,000 followers on social media platform X that Bitcoin continues to trade in a consolidation pattern. The trader shared a chart suggesting that Bitcoin has broken out of the pattern's resistance, but that Bitcoin officially enters bullish territory after breaking through all-time highs near $74,000. It is pointed out that it is not. “[The] The 7-month inverse expansion triangle continues to form. The high-low-low sequence from March 2024 has not been violated yet. Long Bitcoin is my…

Ethereum (ETH) price today trades at $2,523.1 as of 4 PM. This drop comes after ETH price opened today at $2,622.81 and hit a daily high of $2,641.2. Since the opening price, Ether is down -3.50% on October 23. Ethereum Price Today Drops For The Third Consecutive Day Ethereum price’s near-2.0% slide comes after Bitcoin’s October 23 slump. This bearish trend began after BTC’s weekend rally formed a local top on October 20. Since then, ETH prices and the rest of the crypto markets have been climbing down. Investors must be cautious as this crash could continue until the pioneer…

Ethereum Co-founder Vitalik Buterin publicly criticized MicroStrategy co-founder Michael Saylor's recent comments. Bitcoin Self-custody.In a recent interview, Saylor was asked whether handing over the management of Bitcoin to large banks or third parties poses a risk of centralization and could lead to governments seizing individual crypto holdings. Ta.MicroStrategy's co-founder responded that holding Bitcoin in the hands of “paranoid crypto anarchists” who don't accept government regulation increases the risk of seizure.Buterin disagreed in a subsequent tweet. “I am happy to say that Mr. Saylor’s comments are outrageous,” he wrote, adding that Saylor “seems to be clearly advocating for a regulatory capture…

Cryptocurrency markets are bracing for potential upheaval this week as key options contracts for Bitcoin (BTC) and Ether (ETH) expire on Friday. According to According to Deribit, a prominent market analyst firm, the upcoming expiration could lead to short-term volatility. On Friday at 08:00 UTC, Deribit will expiry BTC and ETH option contracts worth $4.2 billion and $1 billion, respectively. Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price within a specified period of time. A closer look at Deribit's data reveals that over $682 million of BTC options…

Wednesday was the third consecutive day of declines. In European trading, EUR/USD was trading 0.29% lower on the day at 1.0767. The euro remains under pressure, falling 3.3% in October.Euro PMI is expected to show further similar resultsThe eurozone will release its September PMI report on Thursday, with little change expected. The manufacturing industry has been in a prolonged recession, contracting for 27 consecutive months. Domestic and international orders are decreasing, while input costs are rising. The business situation continues to deteriorate, and there appears to be no light at the end of the tunnel. Market expectations were 45.1, compared…

Amid the subtle changes in the cryptocurrency market, Bitcoin (BTC) appears to be entering a stabilization phase, with indicators suggesting traders are entering a period of accumulation. Analysts say this lukewarm good news comes despite price fluctuations, with the major cryptocurrency trading 0.7% lower at $66,300, up 7% over the past two weeks. I'm paying attention to the news.Meanwhile, Ethereum is down 2% at $2,570, but Ethereum is also up 5.5% over the past two weeks. data From CoinGecko.Market analysts point to several key factors that support this stabilization thesis. The $1.7 billion decline in Circle's USDC was offset by…

NEW YORK, NY / ACCESSWIRE / October 23, 2024 / continuous evolution Ethereum staking The ecosystem has driven impressive growth with key upgrades such as the Shanghai Upgrade, which includes market speculation, an increase in validators, optimization of staking operations and reduced fees, and by 2024, the total amount of ETH staked will be 34.7 million. This growth reflects a strong user base. Confidence in Ethereum's PoS reward system increases, encouraging more participants to stake their ETH. Centralization of staking and market trendsCentralization continues to be an issue as Ethereum staking activity increases. Lido, a major player in this space,…

With the global gaming market projected to hit $315 billion by 2027 and blockchain technology transforming how players interact with and monetize their experiences, the time to invest in gaming cryptocurrencies is now. This unique convergence offers a new realm of opportunities, making it essential to get in before these tokens skyrocket in value. In this article, we explore the best gaming crypto coins the market is betting on, showcasing projects poised for explosive growth. Top Gaming Crypto Coins To Buy Now in October 2024 The convergence of gaming and blockchain has given rise to a new era of digital…