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Nine European Banks Join Forces: Preparing a Euro Stablecoin Under MiCA Rules
The European financial sector is gearing up for a major shift in digital payments. Nine leading banks—ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International—have announced the formation of a consortium aimed at launching a new euro stablecoin regulated under the Markets in Crypto Assets (MiCA) framework.
According to the plan, the first stablecoin should be released in the second half of 2026.
A European Alternative to U.S. Dominance
The project aims to create a trusted European payment standard, offering an alternative to the stablecoin market currently dominated by the United States. Banks state that their digital instrument will enable almost instant, low-cost, and round-the-clock transactions, both within Europe and across borders.
The stablecoin is expected to provide:
🔹 Efficient cross-border payments 24/7
🔹 Programmable features powered by blockchain technology
🔹 Enhancements in supply chain management and digital asset settlement
New Company and Central Bank Oversight
To bring the project to life, a new legal entity has been established in the Netherlands, seeking licensing and supervision from the Dutch Central Bank as an electronic money institution.
The consortium remains open to additional banks joining in. A CEO for the new company is expected to be appointed soon, pending regulatory approval.
Individual banks will also be able to provide value-added services, such as stablecoin wallets and custody solutions.
Joint Statement from the Banks
“Digital payments are key to future euro-denominated transactions and financial market infrastructure. They offer greater efficiency, transparency, and instant settlement across currencies 24/7. This development requires an industry-wide approach and common standards among banks,” said Floris Lugt, Head of Digital Assets at ING and joint spokesperson for the initiative.
A Growing Trend
This joint effort confirms that MiCA regulation is paving the way for a new era of digital payments in Europe. Earlier this week, Forge (Societe Generale) also announced that its euro stablecoin will be listed on the European exchange Bullish Europe.
The consortium of nine banks highlights that Europe is determined to take the lead, building a stable, secure, and innovative digital financial system with its own blockchain-based currency.
#euro , #stablecoin , #fintech , #blockchain , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
According to the plan, the first stablecoin should be released in the second half of 2026.
A European Alternative to U.S. Dominance
The project aims to create a trusted European payment standard, offering an alternative to the stablecoin market currently dominated by the United States. Banks state that their digital instrument will enable almost instant, low-cost, and round-the-clock transactions, both within Europe and across borders.
The stablecoin is expected to provide:
🔹 Efficient cross-border payments 24/7
🔹 Programmable features powered by blockchain technology
🔹 Enhancements in supply chain management and digital asset settlement
New Company and Central Bank Oversight
To bring the project to life, a new legal entity has been established in the Netherlands, seeking licensing and supervision from the Dutch Central Bank as an electronic money institution.
The consortium remains open to additional banks joining in. A CEO for the new company is expected to be appointed soon, pending regulatory approval.
Individual banks will also be able to provide value-added services, such as stablecoin wallets and custody solutions.
Joint Statement from the Banks
“Digital payments are key to future euro-denominated transactions and financial market infrastructure. They offer greater efficiency, transparency, and instant settlement across currencies 24/7. This development requires an industry-wide approach and common standards among banks,” said Floris Lugt, Head of Digital Assets at ING and joint spokesperson for the initiative.
A Growing Trend
This joint effort confirms that MiCA regulation is paving the way for a new era of digital payments in Europe. Earlier this week, Forge (Societe Generale) also announced that its euro stablecoin will be listed on the European exchange Bullish Europe.
The consortium of nine banks highlights that Europe is determined to take the lead, building a stable, secure, and innovative digital financial system with its own blockchain-based currency.
#euro , #stablecoin , #fintech , #blockchain , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
9 Ngân hàng châu Âu hợp lực phát hành Euro Stablecoin theo quy định MiCA
Một liên minh gồm 9 ngân hàng hàng đầu châu Âu (bao gồm ING, UniCredit) vừa công bố kế hoạch phát hành một stablecoin neo theo đồng Euro, tuân thủ nghiêm ngặt Khung pháp lý #MiCA của EU. Đây là nỗ lực quy mô lớn đầu tiên của các ngân hàng nhằm tạo ra một công cụ thanh toán số thống nhất và được pháp luật công nhận trong khu vực.
Mục tiêu: Độc lập Tài chính Số và Ra mắt năm 2026
Mục tiêu chính của liên minh là thiết lập một stablecoin “chính chủ” châu Âu để thách thức sự thống trị của USDT/USDC của Mỹ, từ đó củng cố quyền tự chủ về hạ tầng tài chính số. #stablecoin Euro được kỳ vọng mang lại các lợi ích như giao dịch tức thì, chi phí thấp và thanh toán xuyên biên giới hoạt động 24/7.
Liên minh đã thành lập một công ty mới tại Hà Lan để xin giấy phép và dự kiến chính thức ra mắt stablecoin vào nửa cuối năm 2026.
Thách thức Pháp lý và Cạnh tranh
Tuy nhiên, dự án đối mặt với nhiều rào cản. Quy định MiCA cấm các nhà phát hành stablecoin trả lãi cho người nắm giữ, có thể làm giảm sức hấp dẫn của sản phẩm.
Ngoài ra, stablecoin #euro sẽ phải cạnh tranh với hệ thống chuyển khoản SEPA hiện có và đặc biệt là dự án Euro Kỹ thuật số (CBDC) do Ngân hàng Trung ương châu Âu (ECB) phát triển. Chủ tịch ECB Christine Lagarde cũng cảnh báo về sự cần thiết phải lấp đầy các lỗ hổng pháp lý trong MiCA để bảo vệ hệ thống tài chính khỏi rủi ro rút tiền hàng loạt.
Một liên minh gồm 9 ngân hàng hàng đầu châu Âu (bao gồm ING, UniCredit) vừa công bố kế hoạch phát hành một stablecoin neo theo đồng Euro, tuân thủ nghiêm ngặt Khung pháp lý #MiCA của EU. Đây là nỗ lực quy mô lớn đầu tiên của các ngân hàng nhằm tạo ra một công cụ thanh toán số thống nhất và được pháp luật công nhận trong khu vực.
Mục tiêu: Độc lập Tài chính Số và Ra mắt năm 2026
Mục tiêu chính của liên minh là thiết lập một stablecoin “chính chủ” châu Âu để thách thức sự thống trị của USDT/USDC của Mỹ, từ đó củng cố quyền tự chủ về hạ tầng tài chính số. #stablecoin Euro được kỳ vọng mang lại các lợi ích như giao dịch tức thì, chi phí thấp và thanh toán xuyên biên giới hoạt động 24/7.
Liên minh đã thành lập một công ty mới tại Hà Lan để xin giấy phép và dự kiến chính thức ra mắt stablecoin vào nửa cuối năm 2026.
Thách thức Pháp lý và Cạnh tranh
Tuy nhiên, dự án đối mặt với nhiều rào cản. Quy định MiCA cấm các nhà phát hành stablecoin trả lãi cho người nắm giữ, có thể làm giảm sức hấp dẫn của sản phẩm.
Ngoài ra, stablecoin #euro sẽ phải cạnh tranh với hệ thống chuyển khoản SEPA hiện có và đặc biệt là dự án Euro Kỹ thuật số (CBDC) do Ngân hàng Trung ương châu Âu (ECB) phát triển. Chủ tịch ECB Christine Lagarde cũng cảnh báo về sự cần thiết phải lấp đầy các lỗ hổng pháp lý trong MiCA để bảo vệ hệ thống tài chính khỏi rủi ro rút tiền hàng loạt.
HànhTrìnhCrypto:
Stable coin do hệ thống tài chính chính thống phát hành thì sẽ khác gì so với DN kiểu Tether phát hành nhỉ?
European Banks Plan Euro-Stablecoin
Nine major EU banks (including ING & UniCredit) are teaming up to launch a euro-backed stablecoin by 2026.
This could bring more trust + adoption to digital assets, but ECB remains cautious.
#stablecoin #euro #CryptoNews
Nine major EU banks (including ING & UniCredit) are teaming up to launch a euro-backed stablecoin by 2026.
This could bring more trust + adoption to digital assets, but ECB remains cautious.
#stablecoin #euro #CryptoNews
Consorcio de Bancos Europeos Prepara Stablecoin en Euros para 2026
Un grupo de nueve bancos europeos de primer nivel, entre los que destacan ING, UniCredit y Caixabank, ha anunciado la creación de una nueva empresa destinada a emitir una stablecoin respaldada en euros. El lanzamiento está previsto para la segunda mitad de 2026, según informó Reuters.
Un Paso Estratégico hacia la Digitalización Financiera
La decisión marca un hito en la relación entre la banca tradicional y los activos digitales regulados. La stablecoin propuesta busca ofrecer un medio de pago seguro, transparente y compatible con la normativa europea, alineándose con las discusiones en curso sobre el euro digital y las regulaciones MiCA (Markets in Crypto-Assets).
Impacto Potencial en el Ecosistema
Confianza institucional: el respaldo de bancos de renombre podría acelerar la adopción de stablecoins en transacciones cotidianas.
Competencia en el sector: se abriría un nuevo frente frente a stablecoins ya consolidadas como USDT y USDC, aunque con un enfoque centrado en el euro.
Regulación más clara: este movimiento refuerza la idea de que el futuro de los activos digitales en Europa será estrechamente regulado, priorizando la estabilidad y seguridad de los usuarios.
¿Qué Significa para los Usuarios?
Los europeos podrían contar con una alternativa estable y regulada para pagos digitales, transferencias internacionales y operaciones dentro del ecosistema cripto. Además, esta stablecoin podría integrarse en plataformas DeFi y exchanges, impulsando el uso del euro como moneda digital competitiva en el entorno global.
Conclusión
La iniciativa confirma que el puente entre finanzas tradicionales y blockchain ya no es una visión lejana, sino una estrategia en construcción. Con 2026 en el horizonte, el reto será ver si esta stablecoin logra posicionarse como un referente frente a los gigantes del dólar en el mercado de criptomonedas.
#stablecoin #Europa #blockchain #FinanzasDigitales #euro
Un Paso Estratégico hacia la Digitalización Financiera
La decisión marca un hito en la relación entre la banca tradicional y los activos digitales regulados. La stablecoin propuesta busca ofrecer un medio de pago seguro, transparente y compatible con la normativa europea, alineándose con las discusiones en curso sobre el euro digital y las regulaciones MiCA (Markets in Crypto-Assets).
Impacto Potencial en el Ecosistema
Confianza institucional: el respaldo de bancos de renombre podría acelerar la adopción de stablecoins en transacciones cotidianas.
Competencia en el sector: se abriría un nuevo frente frente a stablecoins ya consolidadas como USDT y USDC, aunque con un enfoque centrado en el euro.
Regulación más clara: este movimiento refuerza la idea de que el futuro de los activos digitales en Europa será estrechamente regulado, priorizando la estabilidad y seguridad de los usuarios.
¿Qué Significa para los Usuarios?
Los europeos podrían contar con una alternativa estable y regulada para pagos digitales, transferencias internacionales y operaciones dentro del ecosistema cripto. Además, esta stablecoin podría integrarse en plataformas DeFi y exchanges, impulsando el uso del euro como moneda digital competitiva en el entorno global.
Conclusión
La iniciativa confirma que el puente entre finanzas tradicionales y blockchain ya no es una visión lejana, sino una estrategia en construcción. Con 2026 en el horizonte, el reto será ver si esta stablecoin logra posicionarse como un referente frente a los gigantes del dólar en el mercado de criptomonedas.
#stablecoin #Europa #blockchain #FinanzasDigitales #euro
Breaking News dari Eropa, bro: Ada 9 bank gede— ING, UniCredit, SEB, CaixaBank, pokoknya yang kelas kakap—kompak bikin konsorsium buat ngeluarin stablecoin Euro yang patuh MiCA.
Targetnya? 2026 udah siap dipake rame-rame.
Kalo beneran kejadian, $USDT /$USDC nggak bakal jadi raja sendirian lagi, men… Bisa aja ini babak baru buat digital Euro on-chain.
Serius, coba bayangin likuiditas segede itu masuk ke DeFi sama CEX. Pasti rame parah.
Menurut lo, stablecoin Euro bisa jadi game changer ga sih? Atau cuma angin-anginan doang?
#CryptoNews #Stablecoin #Euro #MarketPullback #TrumpNewTariffs
Targetnya? 2026 udah siap dipake rame-rame.
Kalo beneran kejadian, $USDT /$USDC nggak bakal jadi raja sendirian lagi, men… Bisa aja ini babak baru buat digital Euro on-chain.
Serius, coba bayangin likuiditas segede itu masuk ke DeFi sama CEX. Pasti rame parah.
Menurut lo, stablecoin Euro bisa jadi game changer ga sih? Atau cuma angin-anginan doang?
#CryptoNews #Stablecoin #Euro #MarketPullback #TrumpNewTariffs
Square-Creator-7428e747633249e54ec5:
MAIS CONTROLE DO ESTADO!!!😭😭😭
🇪🇺 EURO ZONE MARKET OUTLOOK: WHAT’S NEXT FOR THE €?
The Euro remains at the center of global financial flows as policy signals from the European Central Bank (ECB) shape liquidity across both traditional and crypto markets. Traders are watching closely:
🔹 Macro Impact: ECB’s monetary stance directly influences capital rotation into risk assets like Bitcoin and altcoins.
🔹 Opportunity Zone: Tightening policy may strengthen the Euro short term, while easing shifts liquidity into higher-yield assets.
🔹 Crypto Edge: Smart traders use forex moves as early indicators for major altcoin cycles.
📌 In every wave of volatility, preparation beats prediction. Aligning macro fundamentals with technical setups is the edge that separates winners from bag holders.
#Euro #ECB #CryptoMarkets #MacroAnalysis
The Euro remains at the center of global financial flows as policy signals from the European Central Bank (ECB) shape liquidity across both traditional and crypto markets. Traders are watching closely:
🔹 Macro Impact: ECB’s monetary stance directly influences capital rotation into risk assets like Bitcoin and altcoins.
🔹 Opportunity Zone: Tightening policy may strengthen the Euro short term, while easing shifts liquidity into higher-yield assets.
🔹 Crypto Edge: Smart traders use forex moves as early indicators for major altcoin cycles.
📌 In every wave of volatility, preparation beats prediction. Aligning macro fundamentals with technical setups is the edge that separates winners from bag holders.
#Euro #ECB #CryptoMarkets #MacroAnalysis
Scott Bessent: The Yuan’s Decline Is Europe’s Problem, Not America’s
U.S. Treasury Secretary Scott Bessent emphasized on Thursday during his visit to Madrid that the weakening of China’s currency is not a threat to the United States, but rather to Europe.
In a joint interview with Reuters and Bloomberg after meeting with Chinese Vice Premier He Lifeng, which also included discussions on TikTok, Bessent made it clear that the renminbi has strengthened against the U.S. dollar this year, but has dropped to a historic low against the euro.
“RMB is stronger against the dollar this year. But against the euro, it has fallen to the lowest level in history – and that is a problem for Europe,” Bessent stressed.
He also rejected the notion that China is deliberately devaluing its currency to hurt Washington. According to him, the yuan remains a managed, semi-closed currency, and Beijing firmly controls its level.
Yuan Makes Chinese Exports Cheaper in Europe
Since the beginning of the year, the yuan has weakened against the euro from 7.5 to over 8.4. Meanwhile, it slightly strengthened against the dollar from 7.3 to 7.1, giving Chinese exporters a price advantage in Europe.
🔹 United States – imports from China fell by 14% due to heavy tariffs
🔹 Europe – trade with China rose by 6.9%
According to Bessent, this proves that U.S. tariffs are working – reducing the trade deficit. However, the redirected flow of Chinese goods is now hitting European markets, where the weaker yuan makes exports even cheaper in euros.
ECB Faces Deflation Risk
The European Central Bank spent the past year cutting interest rates to support growth in the eurozone. Just as inflation began to stabilize, markets were flooded with cheap Chinese goods, sparking renewed deflationary pressures.
According to Scope Ratings:
🔹 Core inflation and wage growth in the EU have slowed but remain above target
🔹 Labor markets, especially in Germany, remain tight
🔹 Public spending is rising, particularly on defense and infrastructure
🔹 A new EU energy trading regime is set to begin in 2027
Scope also notes that the ECB does not plan further rate cuts in 2025, though nothing is ruled out. Policy decisions will depend on inflation, growth outlook, U.S.-EU trade relations, and the euro’s exchange rate.
Strong Euro vs. Weak Yuan
The euro has strengthened by 13% against the dollar this year. If its rate climbs above 1.20, analysts warn it could undermine Europe’s competitiveness and heighten deflation fears.
Bessent highlighted the sharp contrast between the U.S. and Europe:
United States – tariffs reduced Chinese imports and stabilized the balanceEurope – faces both cheap Chinese goods and an overvalued euro
The euro remains the world’s second-largest reserve currency after the dollar, but the key question is: how long can it hold this position if a weak yuan keeps undercutting Europe’s competitiveness?
#ScottBessent , #Yuan , #euro , #usd , #TradeWar
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
In a joint interview with Reuters and Bloomberg after meeting with Chinese Vice Premier He Lifeng, which also included discussions on TikTok, Bessent made it clear that the renminbi has strengthened against the U.S. dollar this year, but has dropped to a historic low against the euro.
“RMB is stronger against the dollar this year. But against the euro, it has fallen to the lowest level in history – and that is a problem for Europe,” Bessent stressed.
He also rejected the notion that China is deliberately devaluing its currency to hurt Washington. According to him, the yuan remains a managed, semi-closed currency, and Beijing firmly controls its level.
Yuan Makes Chinese Exports Cheaper in Europe
Since the beginning of the year, the yuan has weakened against the euro from 7.5 to over 8.4. Meanwhile, it slightly strengthened against the dollar from 7.3 to 7.1, giving Chinese exporters a price advantage in Europe.
🔹 United States – imports from China fell by 14% due to heavy tariffs
🔹 Europe – trade with China rose by 6.9%
According to Bessent, this proves that U.S. tariffs are working – reducing the trade deficit. However, the redirected flow of Chinese goods is now hitting European markets, where the weaker yuan makes exports even cheaper in euros.
ECB Faces Deflation Risk
The European Central Bank spent the past year cutting interest rates to support growth in the eurozone. Just as inflation began to stabilize, markets were flooded with cheap Chinese goods, sparking renewed deflationary pressures.
According to Scope Ratings:
🔹 Core inflation and wage growth in the EU have slowed but remain above target
🔹 Labor markets, especially in Germany, remain tight
🔹 Public spending is rising, particularly on defense and infrastructure
🔹 A new EU energy trading regime is set to begin in 2027
Scope also notes that the ECB does not plan further rate cuts in 2025, though nothing is ruled out. Policy decisions will depend on inflation, growth outlook, U.S.-EU trade relations, and the euro’s exchange rate.
Strong Euro vs. Weak Yuan
The euro has strengthened by 13% against the dollar this year. If its rate climbs above 1.20, analysts warn it could undermine Europe’s competitiveness and heighten deflation fears.
Bessent highlighted the sharp contrast between the U.S. and Europe:
United States – tariffs reduced Chinese imports and stabilized the balanceEurope – faces both cheap Chinese goods and an overvalued euro
The euro remains the world’s second-largest reserve currency after the dollar, but the key question is: how long can it hold this position if a weak yuan keeps undercutting Europe’s competitiveness?
#ScottBessent , #Yuan , #euro , #usd , #TradeWar
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
#litecoin #euro
Litecoin y euro: a cuánto cotizan HOY domingo 9 de junio
Estos son los datos más importantes a los que prestar atención sobre la evolución de este activo digital.
La cotización de la criptomoneda Litecoin y el euro de este domingo, 9 de junio de 2024 a las 18.00 horas en España es de 87,03 euros. En base a este valor, la variación de dicho activo digital en comparación con el día pasado es de -0,26%.
En los últimos días, el precio del Litecoin ha experimentado una tendencia positiva en relación al euro, con un aumento constante en su valor. Esto indica que el Litecoin ha ganado valor frente al euro y ha sido una inversión rentable en este período.
En la última semana, la criptomoneda Litecoin ha experimentado una disminución del 4.62% en su cotización, lo que puede atribuirse a factores como la volatilidad del mercado y la incertidumbre económica. Sin embargo, a lo largo del último año, Litecoin ha mostrado un crecimiento del 25.4% en su valor, lo que indica un aumento en la demanda y la confianza de los inversores en esta criptomoneda. A pesar de las fluctuaciones a corto plazo, la tendencia a largo plazo de Litecoin parece ser positiva, lo que sugiere que podría seguir siendo una opción rentable para aquellos que buscan invertir en criptomonedas.
¿Cómo ha sido la variación del Litecoin durante el último año?
La volatilidad económica de la última semana de Litecoin ha sido del 34.64%, mientras que su volatilidad anual ha sido del 56.03%. Esto indica que su comportamiento es inestable y tiene muchas variaciones en el último año.
Durante los últimos 12 meses, el Litecoin ha llegado a valer en el mercado español en un máximo de 117,9 euros mientras que su nivel más bajo ha sido 71 euros.
$LTC
Litecoin y euro: a cuánto cotizan HOY domingo 9 de junio
Estos son los datos más importantes a los que prestar atención sobre la evolución de este activo digital.
La cotización de la criptomoneda Litecoin y el euro de este domingo, 9 de junio de 2024 a las 18.00 horas en España es de 87,03 euros. En base a este valor, la variación de dicho activo digital en comparación con el día pasado es de -0,26%.
En los últimos días, el precio del Litecoin ha experimentado una tendencia positiva en relación al euro, con un aumento constante en su valor. Esto indica que el Litecoin ha ganado valor frente al euro y ha sido una inversión rentable en este período.
En la última semana, la criptomoneda Litecoin ha experimentado una disminución del 4.62% en su cotización, lo que puede atribuirse a factores como la volatilidad del mercado y la incertidumbre económica. Sin embargo, a lo largo del último año, Litecoin ha mostrado un crecimiento del 25.4% en su valor, lo que indica un aumento en la demanda y la confianza de los inversores en esta criptomoneda. A pesar de las fluctuaciones a corto plazo, la tendencia a largo plazo de Litecoin parece ser positiva, lo que sugiere que podría seguir siendo una opción rentable para aquellos que buscan invertir en criptomonedas.
¿Cómo ha sido la variación del Litecoin durante el último año?
La volatilidad económica de la última semana de Litecoin ha sido del 34.64%, mientras que su volatilidad anual ha sido del 56.03%. Esto indica que su comportamiento es inestable y tiene muchas variaciones en el último año.
Durante los últimos 12 meses, el Litecoin ha llegado a valer en el mercado español en un máximo de 117,9 euros mientras que su nivel más bajo ha sido 71 euros.
$LTC
The euro-area economy grew more than initially estimated at the end of last year, bolstered by consumer spending and business investments.
Source: Bloomberg
$BTC
#USTariffs
#MarketPullback
#BinanceAlphaAlert
#economy
#euro
Source: Bloomberg
$BTC
#USTariffs
#MarketPullback
#BinanceAlphaAlert
#economy
#euro
Euro's Unusual Moves Prompt Reevaluation: Insights from Neowave Analysis
In a departure from its usual patterns, the Euro's recent movements have raised questions about the reliability of established symmetrical rules. This shift may necessitate a reassessment of these rules or could indicate a potential flaw in the current analysis. Conversely, a strong rally in April could help to reaffirm expectations for ideal behavior.
According to Neowave principles, when market structure appears complex or unclear, observing price behavior becomes crucial in determining the trend. One notable instance is the Euro's turbulent rally in June 2023, which was swiftly followed by a slower decline (Wave-F) that completely retraced the gains. This retracement suggests a weakening uptrend for the Euro.
Furthermore, the subsequent rally in Wave-G, while reaching the same price level as Wave-E, took considerably longer to unfold. This prolonged consolidation hints at underlying weakness in the Euro, signaling a potential reversal in its trend.
In conclusion, the Euro's recent deviations from established symmetrical rules highlight the importance of adapting analysis techniques to evolving market conditions. By closely monitoring price behavior and recognizing subtle indicators of trend strength, traders and analysts can navigate the complexities of the Euro's movements with greater confidence and accuracy.
#BullorBear #euro #eurousdt #EURO2024
In a departure from its usual patterns, the Euro's recent movements have raised questions about the reliability of established symmetrical rules. This shift may necessitate a reassessment of these rules or could indicate a potential flaw in the current analysis. Conversely, a strong rally in April could help to reaffirm expectations for ideal behavior.
According to Neowave principles, when market structure appears complex or unclear, observing price behavior becomes crucial in determining the trend. One notable instance is the Euro's turbulent rally in June 2023, which was swiftly followed by a slower decline (Wave-F) that completely retraced the gains. This retracement suggests a weakening uptrend for the Euro.
Furthermore, the subsequent rally in Wave-G, while reaching the same price level as Wave-E, took considerably longer to unfold. This prolonged consolidation hints at underlying weakness in the Euro, signaling a potential reversal in its trend.
In conclusion, the Euro's recent deviations from established symmetrical rules highlight the importance of adapting analysis techniques to evolving market conditions. By closely monitoring price behavior and recognizing subtle indicators of trend strength, traders and analysts can navigate the complexities of the Euro's movements with greater confidence and accuracy.
#BullorBear #euro #eurousdt #EURO2024
🚀 Unlock the Euro Extravaganza! 🌍🌟
But before we move forward, Kindly Hit the follow Button to be notified whenever I make a new post or article....
Hey Crypto Enthusiasts! 🚀 Binance is turning up the heat in the Euro market with a deal you can't resist! 🌟 Starting from 2024-01-10 12:00 (UTC) to 2024-01-31 12:00 (UTC), you've got the golden ticket to enjoy up to 5 EUR Instant Discount on Fiat Transaction Fees when depositing EUR.
🌈 How to Claim Your Discount? 🌈
1. Click [Register Now] on the Activity Page.
2. Deposit EUR using any method during the Activity Period.
3. Boom! Your first eligible deposit gets an instant discount, capped at a cool 5 EUR. 💸
🎉 Hurry Up! Limited 10,000 USDT Up for Grabs! 🎉 It's a first-come, first-served party. Be an early bird and snag your share!
🚨 Important T&Cs 🚨
▪︎Only for users in certain European Economic Area (EEA) member and cooperating countries.
▪︎Make sure to use the latest Binance App version.
▪︎Zero-fee deposits won't cut it for the first transaction.
▪︎Binance uses the EUR/USD rate on 2024-01-10 12:00 (UTC) for the discount calculation.
🚀 Ready to Join the Crypto Fiesta? Click Now! 🚀
And remember: generous contributions support our mission, enabling us to work diligently and provide you with the best investment advice. Your tips make us unstoppable in serving you better.
👍 Don't forget to like, share, and drop your thoughts in the comments. Stay tuned for more crypto sights! 👍
#euro #claimdiscount
But before we move forward, Kindly Hit the follow Button to be notified whenever I make a new post or article....
Hey Crypto Enthusiasts! 🚀 Binance is turning up the heat in the Euro market with a deal you can't resist! 🌟 Starting from 2024-01-10 12:00 (UTC) to 2024-01-31 12:00 (UTC), you've got the golden ticket to enjoy up to 5 EUR Instant Discount on Fiat Transaction Fees when depositing EUR.
🌈 How to Claim Your Discount? 🌈
1. Click [Register Now] on the Activity Page.
2. Deposit EUR using any method during the Activity Period.
3. Boom! Your first eligible deposit gets an instant discount, capped at a cool 5 EUR. 💸
🎉 Hurry Up! Limited 10,000 USDT Up for Grabs! 🎉 It's a first-come, first-served party. Be an early bird and snag your share!
🚨 Important T&Cs 🚨
▪︎Only for users in certain European Economic Area (EEA) member and cooperating countries.
▪︎Make sure to use the latest Binance App version.
▪︎Zero-fee deposits won't cut it for the first transaction.
▪︎Binance uses the EUR/USD rate on 2024-01-10 12:00 (UTC) for the discount calculation.
🚀 Ready to Join the Crypto Fiesta? Click Now! 🚀
And remember: generous contributions support our mission, enabling us to work diligently and provide you with the best investment advice. Your tips make us unstoppable in serving you better.
👍 Don't forget to like, share, and drop your thoughts in the comments. Stay tuned for more crypto sights! 👍
#euro #claimdiscount
"Los recortes de los tipos de interés están justificados y son necesarios"
“Con la debilidad de la economía europea y la caída de la inflación, los recortes de los tipos de interés están justificados y son necesarios”, señala Ben Laidler, estratega de mercados globales de eToro. Esta situación aumentaría la brecha con EE UU “donde el "excepcionalismo" del crecimiento económico mantiene la inflación incómodamente alta, lo que pone en duda que la Reserva Federal pueda recortar los tipos este año”.
El BCE se prepara para actuar en solitario
El BCE va camino de recortar los tipos de interés desde niveles récords en su reunión del 6 de junio, tras los comentarios dovish de la reunión de política monetaria de hoy. Esto está ampliando la brecha transatlántica entre los tipos de interés y la inflación, ya que la inflación del 2,4% de Europa permitiría al BCE recortar los tipos de interés tres veces este año.
Con la debilidad de la economía europea y la caída de la inflación, los recortes de los tipos de interés están justificados y son necesarios. No ocurre lo mismo en EE UU, donde el "excepcionalismo" del crecimiento económico mantiene la inflación incómodamente alta, lo que pone en duda que la Reserva Federal pueda recortar los tipos este año.
"Los recortes de los tipos de interés son un catalizador especialmente positivo para las Bolsas europeas, con su delicada mezcla de niveles de deuda relativamente altos, márgenes de beneficio estrechos y valoraciones históricamente bajas.
Este contenido tiene fines informativos y educativos únicamente y no debe considerarse como un asesoramiento de inversión o una recomendación de inversión. El rendimiento pasado no es una indicación de los resultados futuros. Los CFDs son productos apalancados y conllevan un alto riesgo para su capital
#euro #dolar #interes $EUR $BTC $ETH
“Con la debilidad de la economía europea y la caída de la inflación, los recortes de los tipos de interés están justificados y son necesarios”, señala Ben Laidler, estratega de mercados globales de eToro. Esta situación aumentaría la brecha con EE UU “donde el "excepcionalismo" del crecimiento económico mantiene la inflación incómodamente alta, lo que pone en duda que la Reserva Federal pueda recortar los tipos este año”.
El BCE se prepara para actuar en solitario
El BCE va camino de recortar los tipos de interés desde niveles récords en su reunión del 6 de junio, tras los comentarios dovish de la reunión de política monetaria de hoy. Esto está ampliando la brecha transatlántica entre los tipos de interés y la inflación, ya que la inflación del 2,4% de Europa permitiría al BCE recortar los tipos de interés tres veces este año.
Con la debilidad de la economía europea y la caída de la inflación, los recortes de los tipos de interés están justificados y son necesarios. No ocurre lo mismo en EE UU, donde el "excepcionalismo" del crecimiento económico mantiene la inflación incómodamente alta, lo que pone en duda que la Reserva Federal pueda recortar los tipos este año.
"Los recortes de los tipos de interés son un catalizador especialmente positivo para las Bolsas europeas, con su delicada mezcla de niveles de deuda relativamente altos, márgenes de beneficio estrechos y valoraciones históricamente bajas.
Este contenido tiene fines informativos y educativos únicamente y no debe considerarse como un asesoramiento de inversión o una recomendación de inversión. El rendimiento pasado no es una indicación de los resultados futuros. Los CFDs son productos apalancados y conllevan un alto riesgo para su capital
#euro #dolar #interes $EUR $BTC $ETH
✨𝗧𝗿𝗮𝗱𝗲 𝗦𝗺𝗮𝗿𝘁𝗲𝗿 𝘄𝗶𝘁𝗵 𝗘𝗨𝗥: 𝗔 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆
✨𝗧𝗿𝗮𝗱𝗲 𝗦𝗺𝗮𝗿𝘁𝗲𝗿 𝘄𝗶𝘁𝗵 𝗘𝗨𝗥: 𝗔 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀
In today’s globalized economy, the Euro (EUR) stands as one of the most traded currencies in the foreign exchange (Forex) market. Whether you are a seasoned trader or a beginner, understanding how to trade smarter with the EUR can lead to more informed decisions and better outcomes. This article outlines key strategies, tips, and insights to help you navigate the complexities of EUR trading.
Understanding the EUR in the Global Market
The Euro is the official currency of the Eurozone, which includes 19 of the 27 European Union countries. It is second only to the U.S. Dollar (USD) in terms of global trade volume, making it a crucial component of the Forex market. The EUR/USD currency pair is particularly popular, as it is known for its liquidity and relatively low volatility, making it an attractive option for traders.
Key Factors Influencing EUR Prices
Before diving into trading strategies, it is essential to understand the factors that impact the value of the Euro. These include:
1. Economic Indicators: Key economic data, such as GDP growth, inflation rates, and unemployment levels, play a significant role in shaping the Euro’s strength. Strong economic performance typically leads to a stronger EUR.
2. Central Bank Policies: The European Central Bank (ECB) has a profound influence on the value of the Euro. Decisions regarding interest rates, quantitative easing, and monetary policy can drive fluctuations in EUR prices.
3. Geopolitical Events: Political stability and events within the Eurozone, such as elections or trade agreements, can cause significant movements in the Euro’s value.
4. Market Sentiment: Traders' perceptions and expectations regarding the Eurozone’s economic future can also influence EUR movements. News, rumors, and investor sentiment play a critical role in short-term price changes.
Key Strategies to Trade Smarter with EUR
To trade smarter with the Euro, it is essential to employ effective strategies that align with market conditions and personal risk tolerance. Here are some proven techniques:
1. Technical Analysis: Charting EUR Movements
Technical analysis is a widely used strategy that involves studying past price movements to predict future trends. Traders use various tools like trend lines, moving averages, and candlestick patterns to identify potential entry and exit points. For EUR pairs, the most common indicators include:
Moving Averages: Simple and exponential moving averages (SMA and EMA) help identify the direction of the trend.
Relative Strength Index (RSI): This indicator helps assess whether the Euro is overbought or oversold, signaling potential reversals.
Bollinger Bands: By analyzing volatility, these bands can help traders spot potential breakouts or price consolidation.
2. Fundamental Analysis: Tracking Economic Reports
Fundamental analysis focuses on economic indicators and news releases that affect the Euro’s value. For EUR traders, monitoring data like the ECB's interest rate decisions, inflation rates, and economic growth reports can provide valuable insights. Traders often focus on:
ECB Announcements: The tone of the ECB’s policy statements and its actions in monetary policy, particularly interest rate changes, can have a significant impact on the Euro.
Eurozone Economic Data: Reports like the Purchasing Managers' Index (PMI), Consumer Price Index (CPI), and retail sales data provide a snapshot of economic health.
Global Events: Geopolitical tensions, trade wars, and other global developments can alter market sentiment, impacting EUR values.
3. Risk Management: Protecting Your Capital
Effective risk management is crucial for any trader, especially when dealing with a volatile asset like the Euro. Common strategies include:
Stop-Loss Orders: Setting stop-loss orders helps limit losses in case the market moves against your position.
Position Sizing: Carefully determining the size of each trade relative to your overall portfolio ensures that you are not overexposed to any single trade.
Diversification: Trading multiple currency pairs and asset classes can help mitigate risk and provide more stable returns over time.
4. News Trading: Capitalizing on Market Reactions
News trading involves taking advantage of volatility following significant economic announcements or geopolitical events. Since the Euro is sensitive to economic data releases and ECB decisions, news trading can be a profitable strategy if executed correctly. Key news events to watch include:
ECB Monetary Policy Announcements: The outcome of interest rate decisions and ECB President speeches often causes immediate EUR price movement.
Eurozone Economic Data: Market reactions to economic data releases, such as GDP growth or inflation figures, can present short-term trading opportunities.
Global Economic Events: As the Euro is influenced by global trends, events like U.S. Federal Reserve decisions or changes in global trade relations can also create price swings.
Conclusion
Trading smarter with the EUR requires a well-rounded approach, combining both technical and fundamental analysis while employing disciplined risk management techniques. By staying informed of the factors that influence the Euro and applying the appropriate trading strategies, you can enhance your ability to navigate the complexities of the Forex market. Remember that consistency, adaptability, and a clear trading plan are essential for long-term success in trading the Euro.#euro #EUR #RiskRewardRatio #Binance
In today’s globalized economy, the Euro (EUR) stands as one of the most traded currencies in the foreign exchange (Forex) market. Whether you are a seasoned trader or a beginner, understanding how to trade smarter with the EUR can lead to more informed decisions and better outcomes. This article outlines key strategies, tips, and insights to help you navigate the complexities of EUR trading.
Understanding the EUR in the Global Market
The Euro is the official currency of the Eurozone, which includes 19 of the 27 European Union countries. It is second only to the U.S. Dollar (USD) in terms of global trade volume, making it a crucial component of the Forex market. The EUR/USD currency pair is particularly popular, as it is known for its liquidity and relatively low volatility, making it an attractive option for traders.
Key Factors Influencing EUR Prices
Before diving into trading strategies, it is essential to understand the factors that impact the value of the Euro. These include:
1. Economic Indicators: Key economic data, such as GDP growth, inflation rates, and unemployment levels, play a significant role in shaping the Euro’s strength. Strong economic performance typically leads to a stronger EUR.
2. Central Bank Policies: The European Central Bank (ECB) has a profound influence on the value of the Euro. Decisions regarding interest rates, quantitative easing, and monetary policy can drive fluctuations in EUR prices.
3. Geopolitical Events: Political stability and events within the Eurozone, such as elections or trade agreements, can cause significant movements in the Euro’s value.
4. Market Sentiment: Traders' perceptions and expectations regarding the Eurozone’s economic future can also influence EUR movements. News, rumors, and investor sentiment play a critical role in short-term price changes.
Key Strategies to Trade Smarter with EUR
To trade smarter with the Euro, it is essential to employ effective strategies that align with market conditions and personal risk tolerance. Here are some proven techniques:
1. Technical Analysis: Charting EUR Movements
Technical analysis is a widely used strategy that involves studying past price movements to predict future trends. Traders use various tools like trend lines, moving averages, and candlestick patterns to identify potential entry and exit points. For EUR pairs, the most common indicators include:
Moving Averages: Simple and exponential moving averages (SMA and EMA) help identify the direction of the trend.
Relative Strength Index (RSI): This indicator helps assess whether the Euro is overbought or oversold, signaling potential reversals.
Bollinger Bands: By analyzing volatility, these bands can help traders spot potential breakouts or price consolidation.
2. Fundamental Analysis: Tracking Economic Reports
Fundamental analysis focuses on economic indicators and news releases that affect the Euro’s value. For EUR traders, monitoring data like the ECB's interest rate decisions, inflation rates, and economic growth reports can provide valuable insights. Traders often focus on:
ECB Announcements: The tone of the ECB’s policy statements and its actions in monetary policy, particularly interest rate changes, can have a significant impact on the Euro.
Eurozone Economic Data: Reports like the Purchasing Managers' Index (PMI), Consumer Price Index (CPI), and retail sales data provide a snapshot of economic health.
Global Events: Geopolitical tensions, trade wars, and other global developments can alter market sentiment, impacting EUR values.
3. Risk Management: Protecting Your Capital
Effective risk management is crucial for any trader, especially when dealing with a volatile asset like the Euro. Common strategies include:
Stop-Loss Orders: Setting stop-loss orders helps limit losses in case the market moves against your position.
Position Sizing: Carefully determining the size of each trade relative to your overall portfolio ensures that you are not overexposed to any single trade.
Diversification: Trading multiple currency pairs and asset classes can help mitigate risk and provide more stable returns over time.
4. News Trading: Capitalizing on Market Reactions
News trading involves taking advantage of volatility following significant economic announcements or geopolitical events. Since the Euro is sensitive to economic data releases and ECB decisions, news trading can be a profitable strategy if executed correctly. Key news events to watch include:
ECB Monetary Policy Announcements: The outcome of interest rate decisions and ECB President speeches often causes immediate EUR price movement.
Eurozone Economic Data: Market reactions to economic data releases, such as GDP growth or inflation figures, can present short-term trading opportunities.
Global Economic Events: As the Euro is influenced by global trends, events like U.S. Federal Reserve decisions or changes in global trade relations can also create price swings.
Conclusion
Trading smarter with the EUR requires a well-rounded approach, combining both technical and fundamental analysis while employing disciplined risk management techniques. By staying informed of the factors that influence the Euro and applying the appropriate trading strategies, you can enhance your ability to navigate the complexities of the Forex market. Remember that consistency, adaptability, and a clear trading plan are essential for long-term success in trading the Euro.#euro #EUR #RiskRewardRatio #Binance
Revealing Symmetry: EURO-USDT Neo-Wave Analysis
🔍 Decryption Neo-wave Patterns
In the analysis of EURO-USDT, we explore intricate patterns guided by Neo-wave theory. A noteworthy discovery emerges – a symmetric pattern takes shape, initiated by the completion of the F wave, paving the way for the unfolding G wave and beyond.
🔬 Methodology: Neo-wave Navigation
Our approach is rooted in Neowave theory, a sophisticated lens for market analysis. Through meticulous scrutiny, we've uncovered a compelling symmetric pattern, peeling back its layers as we navigate the waves outlined by the Neowave framework.
📊 Symmetric Revelation: Unveiling the F Wave Journey
Delving into the completed F wave, the manifestation of symmetry becomes apparent. Visual aids intricately showcase the complexities of this pattern, offering a visual narrative of the accomplished phase and setting the stage for the imminent G wave.
🔮 Anticipation Builds: G Wave on the Horizon
Shifting focus to the G wave in our latest analysis chapter, we explore anticipated movements. The chart signals potential directions and behaviors aligned with Neowave theory, providing insights into unfolding dynamics and their alignment with Neowave projections.
🌐 Future Projections: Ascending with H and I Waves
The chart transforms into a roadmap as we peer into the future. H and I waves beckon, their potential directions mapped within the Neowave framework. This segment explores potential trajectories and implications of these forthcoming waves.
🎯 Conclusion: Navigating Symmetry for Informed Choices
As we conclude this NeoWave-infused analysis, the symmetrical journey of the EURO-USDT pair unfolds as a guiding light for traders and investors. The completion of the F wave and the imminent G wave present a compelling narrative. Prudent consideration is advised as H and I waves await their turn, inviting a cautious yet optimistic outlook.
📊 Insight Update: EURO-USDT Analysis
Extending our view to a broader time-frame unveils a more comprehensive picture of the EURO-USDT pair. In alignment with our earlier predictions, the market is closely mirroring our anticipated movements. The ongoing validation of Neo-Wave patterns on the charts emphasizes the reliability of our insights. As the symmetrical journey unfolds, traders and investors are encouraged to navigate the evolving dynamics with informed choices. 🚀 Additionally, as the E wave completes on the monthly timeframe, anticipation builds for the initiation of the downward F wave. Stay vigilant for potential market shifts in the coming phases. 📉
#BTC #ETH $EUR #euro
In the analysis of EURO-USDT, we explore intricate patterns guided by Neo-wave theory. A noteworthy discovery emerges – a symmetric pattern takes shape, initiated by the completion of the F wave, paving the way for the unfolding G wave and beyond.
🔬 Methodology: Neo-wave Navigation
Our approach is rooted in Neowave theory, a sophisticated lens for market analysis. Through meticulous scrutiny, we've uncovered a compelling symmetric pattern, peeling back its layers as we navigate the waves outlined by the Neowave framework.
📊 Symmetric Revelation: Unveiling the F Wave Journey
Delving into the completed F wave, the manifestation of symmetry becomes apparent. Visual aids intricately showcase the complexities of this pattern, offering a visual narrative of the accomplished phase and setting the stage for the imminent G wave.
🔮 Anticipation Builds: G Wave on the Horizon
Shifting focus to the G wave in our latest analysis chapter, we explore anticipated movements. The chart signals potential directions and behaviors aligned with Neowave theory, providing insights into unfolding dynamics and their alignment with Neowave projections.
🌐 Future Projections: Ascending with H and I Waves
The chart transforms into a roadmap as we peer into the future. H and I waves beckon, their potential directions mapped within the Neowave framework. This segment explores potential trajectories and implications of these forthcoming waves.
🎯 Conclusion: Navigating Symmetry for Informed Choices
As we conclude this NeoWave-infused analysis, the symmetrical journey of the EURO-USDT pair unfolds as a guiding light for traders and investors. The completion of the F wave and the imminent G wave present a compelling narrative. Prudent consideration is advised as H and I waves await their turn, inviting a cautious yet optimistic outlook.
📊 Insight Update: EURO-USDT Analysis
Extending our view to a broader time-frame unveils a more comprehensive picture of the EURO-USDT pair. In alignment with our earlier predictions, the market is closely mirroring our anticipated movements. The ongoing validation of Neo-Wave patterns on the charts emphasizes the reliability of our insights. As the symmetrical journey unfolds, traders and investors are encouraged to navigate the evolving dynamics with informed choices. 🚀 Additionally, as the E wave completes on the monthly timeframe, anticipation builds for the initiation of the downward F wave. Stay vigilant for potential market shifts in the coming phases. 📉
#BTC #ETH $EUR #euro
Bitcoin passes new all-time high in euros as price reaches $65K
Bitcoin has just passed a new all-time high against the euro as the cryptocurrency’s price reached a new multi-year high of $65,000.
Bitcoin broke a new psychological milestone above 60,000 #euro on March 4, reaching such a value against the euro for the first time in history.
According to data from TradingView, Bitcoin touched 60,393 euros at 8:30 am UTC, surging about 5% from its intraday low of 57,521 EUR. At the time of writing, Bitcoin is trading at 59,981 euros, up around 56% year-to-date.
Bitcoin posted multiple milestones prior to reaching the 60,000-euro price mark. On Feb. 28, Bitcoin broke the all-time high of around 53,000 euros for the first time, which was set in late September 2021.
Bitcoin has been breaking new highs against multiple fiat currencies in 2024, including the Chinese yuan (CNY), the world’s largest fiat currency by market capitalization.
Bitcoin broke a new all-time high against the CNY in late February, breaking the previous record of around 414,000 CNY, according to data from Xe.com. At the time of writing, #BTC is worth 467,506 CNY.
According to Balaji Srinivasan, an angel investor and former chief financial officer of Coinbase, Bitcoin passed all-time highs in more than 30 countries as of Feb. 28, including China, India, Japan, South Korea and Argentina.
As Bitcoin reached $65,000, the cryptocurrency has yet to break new highs against a few fiat currencies, including the United States dollar, the British pound, the Swiss franc, the Brazilian real and the Mexican peso.
At the time of writing, #Bitcoin is trading at $65,000, or roughly 6% down from the all-time high of $69,000 set on Coinbase in November 2021.
#TrendingTopic #ETH
$BTC $ETH $EUR
Bitcoin broke a new psychological milestone above 60,000 #euro on March 4, reaching such a value against the euro for the first time in history.
According to data from TradingView, Bitcoin touched 60,393 euros at 8:30 am UTC, surging about 5% from its intraday low of 57,521 EUR. At the time of writing, Bitcoin is trading at 59,981 euros, up around 56% year-to-date.
Bitcoin posted multiple milestones prior to reaching the 60,000-euro price mark. On Feb. 28, Bitcoin broke the all-time high of around 53,000 euros for the first time, which was set in late September 2021.
Bitcoin has been breaking new highs against multiple fiat currencies in 2024, including the Chinese yuan (CNY), the world’s largest fiat currency by market capitalization.
Bitcoin broke a new all-time high against the CNY in late February, breaking the previous record of around 414,000 CNY, according to data from Xe.com. At the time of writing, #BTC is worth 467,506 CNY.
According to Balaji Srinivasan, an angel investor and former chief financial officer of Coinbase, Bitcoin passed all-time highs in more than 30 countries as of Feb. 28, including China, India, Japan, South Korea and Argentina.
As Bitcoin reached $65,000, the cryptocurrency has yet to break new highs against a few fiat currencies, including the United States dollar, the British pound, the Swiss franc, the Brazilian real and the Mexican peso.
At the time of writing, #Bitcoin is trading at $65,000, or roughly 6% down from the all-time high of $69,000 set on Coinbase in November 2021.
#TrendingTopic #ETH
$BTC $ETH $EUR
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