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Bitcoin's dominance and technical indicators suggested that it may be time for swing traders to turn their attention to altcoins. Relative strength to BTC is an important factor along with long-term support zones for evaluating underperforming altcoins. Bitcoin [BTC] It was trading within a range. Short-term bearish bias has made Bitcoin and other crypto markets unattractive for long-term investors. It could take weeks for the market to stabilize, especially considering the huge rally in the months leading up to the halving. This could be a buying opportunity for altcoins that have shown strength. Check out recent BTC resets Source: CryptoQuant…
Next article Bitcoin market capitalization is currently $1.244 trillion What's the story? Bitcoin is trading at $63,124.87, up 1.29% in the past 24 hours. It was down 5.15% compared to last week. Ethereum, the second most popular token, is trading at $3,161.77, down 1% since yesterday. Compared to the previous week, it fell by 0.76%. The market caps of Bitcoin and Ethereum currently stand at $1.244 trillion and $386.2 billion, respectively. How did other prominent cryptocurrencies perform today? BNB is trading at $597.49, up 0.72% from yesterday and 1.31% from last week. Currently, XRP price is $0.55 and has increased…
Quarterly national economic reports for the eurozone and other major eurozone economies are due to be released on Tuesday, capping a busy day for European economic news. At 1:30 a.m. Eastern Time, French statistics agency INSEE is scheduled to release preliminary figures for GDP and personal consumption expenditure. second largest euro area economy The company is expected to grow 0.1% sequentially in the first quarter, which is the same pace as the fourth quarter. Destatis will release German retail sales, import prices and ILO unemployment data at 2 a.m. ET. Import prices are expected to fall at an annual rate…
important eventsShow only major eventsPlease turn on JavaScript to use this featureToday's economic indicators outside the euro area reportedly show an improvement in the situation. Daniele Antonucci chief investment officer Quintet Private Bank: Looking at year-over-year changes, Beat vs. Consensus has outperformed forecasters' highest predictions in major polls. This is a telling story, especially after the shallow recession the region experienced in the second half of last year, but it must be noted that consumer spending in many European countries remains very weak. The glass-half-empty story is that the pace of growth remains fairly anemic, as forward-looking indicators suggest that…
important eventsShow only major eventsPlease turn on JavaScript to use this featureSpain's economy expands by 0.7%, faster than expectedJUST IN: Spain's economy grew faster than expected.Spanish GDP rose 0.7% in the first quarter of this year, new data from statistical agency INS Indicated.This is significantly faster than the 0.4% growth that economists had expected, and is an encouraging sign, especially after France grew faster than expected (see previous post).INS also revised Spain's growth rate upward for the fourth quarter of 2023 from 0.6% to 0.7%.Spain's economy grew by 2.4% on an annual basis, but this was mainly due to “domestic…
important eventsShow only major eventsPlease turn on JavaScript to use this featureToday's economic indicators outside the euro area reportedly show an improvement in the situation. Daniele Antonucci chief investment officer Quintet Private Bank: Looking at year-over-year changes, Beat vs. Consensus has outperformed forecasters' highest predictions in major polls. This is a half-baked story, especially after the shallow recession the region experienced in the second half of last year, but it must be noted that consumer spending in many European countries remains very weak. The glass-half-empty story is that the pace of growth remains fairly anemic, as forward-looking indicators suggest that…
The wait is finally over for Hong Kong investors today, as the first batch of ETFs that invest directly in Bitcoin and Ethereum started trading in Hong Kong. Some reports are bullish that it will surpass the launch of a $125 million US Bitcoin ETF. The demand for these funds serves as an indicator of whether the city's efforts to establish a highly regulated digital asset hub are gaining momentum.This news caused the Bitcoin price to rise by 2% and is trading at the $63,700 level at the time of writing.Start of operation of Hong Kong Bitcoin ETFHarvest Global Investments,…
He enjoyed a home-cooked dinner with a former U.S. senator in Montana. He visited Telluride, Colorado, and Moab, Utah, a vacation destination known for its national parks. And he talked startups with Sam Altman, CEO of OpenAI.After pleading guilty to money laundering offenses in November, Qiao Changpeng, the founder of cryptocurrency exchange Binance, has not remained silent. A federal judge denied his request to return to Dubai, but Mr. Zhao, 47, was free to roam the United States. So he spent the past five months traveling the country and networking with others. entrepreneur And lay the foundation for your next…
NEW YORK (AFP) – Eurozone stocks fell on Tuesday, weighed down by a strong euro as investors digested positive economic news, while Wall Street stocks fell on disappointing data. Publication of: 2024/04/30 – 05:27change: 2024/04/30 – 22:54 3 minutes Frankfurt and Paris stocks fell, but the euro rose against the dollar after data showed the euro zone economy emerged from recession as inflation came under control in the first quarter. The euro then gave up its rise and began to fall.Meanwhile, the London market soared to a new high of 8,199.95 points, and HSBC soared more than 4% on a…
In Asia's first spot crypto ETF listing, the Hong Kong Stock Exchange today officially listed six Bitcoin and Ether spot ETFs, continuing the region's efforts to become a crypto hub.Hong Kong Exchange Clearing Limited (HKEX) today listed six such ETFs. namely, Bosera HashKey Bitcoin ETF (3008.HK), Bosera HashKey Ether ETF (3009.HK), ChinaAMC Bitcoin ETF (3042.HK), and ChinaAMC Ether. ETF (3046.HK), Harvest Bitcoin Spot ETF (3439.HK), Harvest Ether Spot ETF (3179.HK).Earlier this month, Hong Kong Approves several Spot Bitcoin ETFs and Spot Ether ETFs Managed by China Asset Management, Harvest Global, Bosera and HashKey.”Following the success of the VA Futures ETF,…