The Impact of Bitcoin’s Plunge on the Cryptocurrency Market Bitcoin’s Drastic Decline Bitcoin suffered a significant drop in value on Sunday, plummeting to $92,111 in just 24 hours. This sharp decline of more than 8.5% resulted in a massive $1.23 billion in liquidations across the crypto derivatives markets. The sudden
Bitcoin ETFs See Record Inflows in January Overview According to Bitwise’s Matt Hougan, US spot Bitcoin ETFs experienced a surge in net inflows in January, totaling nearly $5 billion. This trend is expected to continue throughout the year, with projected inflows surpassing $50 billion by the end of 2021. Analysis
The Race to Approve Cryptocurrency ETFs: Litecoin vs. Ripple Litecoin (LTC) vs. Ripple’s XRP According to a Bloomberg analyst, it seems that a Litecoin (LTC) exchange-traded fund (ETF) is more likely to secure regulatory approval ahead of a similar product for Ripple’s XRP. This news comes after asset manager Grayscale
Taiwan’s Consumer Confidence Index Decline and Its Implications The latest data on Taiwan’s Consumer Confidence Index, reported on February 3, 2025, reveals an actual value of 72.54, which is a noticeable decline from the previous figure of 74.61. Analysts initially forecasted an increase to 74.9, illustrating a more optimistic outlook
The Current State of Bitcoin (BTC) Price Stability Bitcoin’s Delicate Phase Bitcoin (BTC) is currently navigating through a delicate phase, with its price showing some signs of stability after a slight decline. As we step into February, investors and analysts are closely monitoring the market for potential price movements. Market
China’s Manufacturing Faces a Slight Slowdown On February 3, 2025, the China Caixin Manufacturing Purchasing Managers’ Index (PMI) was reported at 50.1, slightly down from the previous month’s 50.5 and below the forecasted value of 50.5. Despite remaining in expansionary territory, this dip indicates a slowing growth momentum in China’s
Robert Kiyosaki’s Warning: Trump’s Tariffs and Their Impact on Bitcoin, Gold, and Silver Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has recently warned that President Trump’s tariffs could potentially trigger a crash in the prices of Bitcoin, gold, and silver. In a recent interview, Kiyosaki stated that
Overview of Australia’s Inflation Scenario The latest data from Australia’s TD-MI Inflation Gauge for the month-over-month (MoM) metric reveals a marked slowdown, with an actual increase of just 0.1%. This is significantly lower than the previous month’s 0.6% and the forecasted 0.3%, representing an 83.333% decrease from the previous month.
Australia’s Job Market at a Glance On February 3, 2025, the latest data from the Australia ANZ-Indeed Job Ads MoM report was released, showing a marginal growth of 0.2%, consistent with the forecast but reflecting a decrease from the previous month’s growth of 0.3%. Despite the low impact of this
Cryptocurrency enthusiasts and investors have been closely watching Bitcoin’s movements in recent months A New Analysis Suggests a Dramatic Price Surge Bitcoin, the original cryptocurrency, has been capturing the imagination of investors and enthusiasts alike since its inception. As the pioneer of the digital currency space, Bitcoin’s movements often set
Understanding the PMI Drop and Its Implications The latest S&P Global Manufacturing PMI for Vietnam has shown a decline, with an actual figure of 48.9, compared to the previous month’s 49.8, and falling short of the forecast of 50. This contraction, indicated by a PMI below 50, suggests a slowdown
Myanmar’s Declining PMI: Significance and Implications The latest data from the S&P Global Manufacturing PMI highlights a concerning contraction in Myanmar’s manufacturing sector. Recorded at 47.4 for February 3, 2025, this figure fell short of both the previous mark of 50.4 and the forecasted 50.5, indicating a significant downturn. A
Australia’s Housing Market Faces Uncertainty with Latest Approval Rates In a surprising turn of events, Australia’s Private House Approvals for February 2025 plummeted to a startling -3%, deviating significantly from last month’s -1.7% and failing to meet the forecast of 0.4%. This sharp decline, signifying a -76.471% change, has become
Japan’s Manufacturing PMI: A Cause for Concern On February 3, 2025, the Japan Jibun Bank Manufacturing PMI was reported at 48.7, indicating contraction in the manufacturing sector for yet another month. This marked a decline from the previous month’s figure of 49.6 and was slightly below the forecast of 48.8.
Introduction The latest data from the Australia TD-MI Inflation Gauge for February 2025 reveals a significant drop in inflation with a monthly increase of just 0.1%. Compared to the previous month’s 0.6% rise and a forecast of 0.3%, this marks an 83.333% decrease, significantly cooling inflationary pressures in Australia. Given
Malaysia’s Manufacturing Sector in Brief On February 3, 2025, Malaysia’s S&P Global Manufacturing PMI came in at 48.7, a slight decrease from the forecasted 48.9 but a marginal increase from the previous value of 48.6. This indicates a continued contraction in Malaysia’s manufacturing sector for the current period. Despite this,
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