Current Economic Context and Overview On March 16, 2025, New Zealand’s Composite NZ Performance of Construction Index (PCI) was reported at 50.7, a moderate decline from the previous month’s 50.9 and marginally below the forecasted figure of 51. Despite this slight decrease, the index remains above the crucial 50-point mark,
Introduction The New Zealand Services Performance Index (PSI) recently released its latest figures, showing a concerning contraction. The index recorded an actual value of 49.1, down from the previous figure of 50.4, and missing the forecast of 50.7. The unexpected dip indicates a marginal contraction in the sector, raising questions
The Rise of Dogecoin: A Closer Look at the Recent Surge in Activity The Dogecoin network has seen a massive 400% surge in activity Recently, the Dogecoin (CRYPTO: DOGE) network has experienced a significant uptick in activity, with a staggering 400% surge in interactions. This surge has been fueled by
The High-Stakes Gamble of a Bitcoin Whale What Happened In a high-stakes gamble, a Bitcoin whale has initiated a short position of $332 million, facing potential liquidation if Bitcoin’s price surges to $85,000. A Bitcoin whale has opened a $332 million short position at an entry price of $84,040, as
Pavel Durov Granted Temporary Leave from France: Impact on Telegram’s Regulatory Battle Pavel Durov, the co-founder of the popular messaging app Telegram, has been granted judicial approval to temporarily leave France. This development has sparked conversation and speculation regarding what it means for Telegram’s ongoing regulatory battle. What Led to
Jameson Lopp’s Stand Against Quantum Recovery of Lost Bitcoin The Argument Against Quantum Recovery Jameson Lopp, the Chief Security Officer at Bitcoin custody company Casa, recently made a bold statement regarding the recovery of lost Bitcoin through quantum computing. In his argument, Lopp claimed that allowing quantum recovery of lost
The Rise of Bitcoin: A Look into the Recent Price Surge Bitcoin’s Price Surge Bitcoin’s price briefly crossed the $85,000 mark on Sunday, March 16, marking an 11% rebound from last week’s bottom of $76,000. This significant surge in price has caught the attention of many investors and traders in
Bitcoin ETFs Experience Decrease in Holdings Impact on U.S. Spot Bitcoin Exchange-Traded Funds According to the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) have trimmed their holdings by 4.76% since Feb. 6, 2025. From Jan. 1 to Feb. 6, these funds added roughly 56,802.86 BTC to their balance sheets,
The Surging Burn Rate of Shiba Inu: What You Need to Know What Happened The burn rate of Shiba Inu (CRYPTO: SHIB) has recently experienced an unprecedented surge of over 62,000%, resulting in the removal of a staggering 505.6 million SHIB tokens from circulation in just a single day. This
The Challenges Faced by Memecoins during Market Turmoil Tough Times for Pepe (PEPE) The memecoin market is currently facing a tough time, with many cryptocurrencies struggling to maintain their value. Among these is the popular meme coin, Pepe (PEPE), which has recently seen a significant drop in value. While other
The Central Bank of Russia’s Proposal for Trading Crypto Assets Introduction The Central Bank of the Russian Federation has made headlines with its recent proposal that, if approved, would allow qualified entities to trade crypto assets. In a statement released by the central bank, it suggests a three-year experiment where
Bitcoin (BTC) Struggles to Break Above $84,000 Mark Bitcoin (BTC) is currently facing resistance as it struggles to break above the 200-day simple moving average of $84,000. Despite this challenge, there is a positive sign as the bulls have managed to hold their ground against the bears. Expert Analysis Bitget
Hayden Davis and the Rise and Fall of $WOLF The Launch of $WOLF Hayden Davis, a controversial figure in the world of cryptocurrency, launched $WOLF despite being the subject of an active Interpol Red Notice. Despite the legal issues surrounding Davis, $WOLF quickly gained popularity in the volatile market of
Bitcoin (BTC) Holds Strong Above $82K Amidst Resistance Near $85K The Current State of the Market Bitcoin (BTC) has been holding steady above $82,000, showcasing its resilience in the face of market fluctuations. However, the cryptocurrency faces strong resistance near the $85,000 mark, making it a critical level for traders
The Rise of Memecoins: A Controversial Trend Cryptocurrencies have taken the world by storm in recent years, with Bitcoin leading the charge as the most well-known and widely used digital currency. However, a new trend has emerged within the cryptocurrency space – memecoins. These coins are often created as a
The Consolidation Phase of the Cryptocurrency Market Bitcoin Leading the Way The cryptocurrency market remains largely in a consolidation phase, led by Bitcoin (BTC), which is pushing to make a decisive break above the $85,000 resistance while targeting the $90,000 mark. This phase of consolidation has been a hot topic
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