Finance News

Poutine returns to the international stage by hosting 36 leaders at the BRICS summit in Kazan. The imperial currency is still on the agenda.

As the flagship crypto hovers around $67,000, the movements of "whales" are capturing attention. In recent days, on-chain data has revealed a significant increase in the number of these large addresses, reaching an unprecedented level since the bullish market of January 2021. Indeed, this massive accumulation by whales, combined with a strengthening of institutional and retail investors, raises the following question: is Bitcoin on the verge of breaking a new all-time high before the end of 2024?

Since October 23, 2024, the Solana network has captured the attention of the crypto ecosystem with record figures and an unprecedented wave of economic activity on the blockchain. While traditional competitors like Ethereum struggle to maintain their position, Solana is increasingly establishing itself as an essential player in decentralized finance (DeFi).

Microsoft, a global tech giant, is considering the possibility of investing in Bitcoin. This proposal, which will be put to a vote at the upcoming shareholders' meeting in December 2024, has caught the attention of the entire financial sphere and the crypto markets. If approved, the Redmond giant would become one of the largest institutional investors in crypto, joining players like Tesla and MicroStrategy. However, behind this announcement lies a complex strategy that the board of directors does not seem to fully embrace.

Between the shining gold and the sluggish BTC, traders are on the lookout for any flaw for a new crypto takeoff.

On Wednesday, October 23, 2024, Washington announced a contribution of 20 billion dollars in favor of Ukraine, a decision with significant consequences that hinges on the use of frozen Russian assets. Indeed, this measure is part of a broad G7 program aimed at supporting the Ukrainian war effort and maintaining economic pressure on Moscow. As the year 2025 approaches, the negotiations surrounding these frozen funds reveal the complex stakes of a conflict that is redefining international alliances and financial priorities.

As the crypto market has regained strength, Dogecoin shows promising interest. Let’s explore the upcoming prospects for the DOGE price. Situation of Dogecoin (DOGE) After sinking to $0.08, Dogecoin sparked buyer interest that has been upheld. Indeed, the crypto then underwent a consolidation period, forming a double bottom. The neckline…

The global geopolitical landscape is undergoing significant changes, and the BRICS, this group of emerging powers, is at the heart of this reorganization. As economic and political tensions with the West intensify, more than thirty nations have expressed their willingness to join this alliance at the annual summit currently taking place in Kazan from October 22 to 24, 2024. In the face of Western hegemony, the BRICS aim to reshape the balance of power and free themselves from the dominance of the dollar in international trade.

The ECB bites into Bitcoin: a scathing report, sharp criticisms, and a well-felt war of interests behind the scenes.

As the United States approaches a pivotal presidential election, the budget deficit for the 2024 fiscal year has reached new highs, raising concerns about the viability of the public finances of the world's leading power. Indeed, with debt continuing to grow despite rising tax revenues, discussions around budget management have become central to the political debate.

The crypto market is going through a critical phase, where euphoria seems to be taking over caution. Indeed, the Crypto Fear and Greed Index, a widely followed sentiment indicator in the industry, has reached a level of 73, an extreme greed zone. This index, designed to quantify investor optimism or fear, indicates that the market could be overheating. With a total market capitalization of over 2.23 trillion dollars, investors, whether institutional or retail, continue to inject capital into major cryptos like Bitcoin and Ethereum. However, this climate of confidence could hide imminent risks of correction.

Russia, although resilient in the face of Western sanctions, seems to be sliding down a slope. Supported by a flourishing war economy in 2024, the country could see its efforts crumble as early as the following year. The International Monetary Fund (IMF) indeed forecasts a severe slowdown in 2025, as…

Solana continues its rise, validating a promising technical breakout. Let’s explore the upcoming prospects for the SOL price. Situation of Solana (SOL) After bouncing off the support at $133, Solana managed to break through its daily resistance around $164. As specified in the analysis from October 16, this rise allowed…

Avalanche is launching a Visa card to pay with cryptos: finally a solution to spend your bitcoins at the supermarket!

JPMorgan Chase CEO Jamie Dimon is reportedly providing behind-the-scenes support to Vice President Kamala Harris, even considering a position as Treasury Secretary in a potential Harris administration, the New York Times reveals. This discreet stance, maintained out of fear of retaliation in the event of a Donald Trump victory, highlights the complexity of the relationship between Wall Street and American politics in 2024.

In the face of increasing economic challenges, the Ministry of Economy presents a 2025 budget marked by a dual ambition: reduction of public spending and acceleration of the environmental transition. A balancing act that raises questions about French economic growth.

Bitcoin continues its rise and validates a promising technical breakout. Let’s examine the upcoming prospects for the BTC price together. Bitcoin (BTC) Price Situation After bouncing back from the 60,000 $ support, Bitcoin crossed the 64,500 $ mark. It then quickly surpassed its daily resistance, identified around 66,500 $. From…

As governments seek to maintain control over their finances and close ever-growing budget deficits, a new enemy seems to be rising in their path: Bitcoin. The crypto, with its limited supply and decentralized nature, disrupts traditional economic models and forces some actors to consider radical measures. It is in this context that the Federal Reserve Bank of Minneapolis has newly published an explosive report suggesting that to maintain ongoing deficits, governments should either tax or outright ban Bitcoin. Such a shocking statement comes as the United States struggles to contain its national debt, which is reaching record levels, and as regulation of cryptocurrencies becomes a sensitive topic.

105 billion Europeans in ETFs, and still nothing to declare for Bitcoin. One would think that traders are hibernating.

CAC 40 in difficulty: the real estate crisis in China hampers growth. How does the Paris stock exchange react?

Bitcoin is on the brink of a new spectacular surge. Several signals are converging to indicate that the cryptocurrency could soon reach a new historical peak, driven by major economic factors and market developments. The approval of Bitcoin ETFs by regulators, massive accumulation of Bitcoins by large investors ("whales"), and the potential decrease in interest rates by the American Federal Reserve create an explosive cocktail for a potential bull run.

The French deficit is exploding! A parliamentary investigation committee is examining the causes of this slip-up. While France seems to be sinking into an unprecedented spiral of debt, Macron appears to be the sole responsible for this ruin.

Despite some regulatory hiccups, JPMorgan is already set to hit the jackpot in 2025 with Bitcoin, the golden bet of speculators.

On the occasion of the BRICS Business Forum, the nations of this emerging alliance unveiled their brand new cross-border payment system: BRICS Pay. This initiative represents a clear intent to reduce dependence on the US dollar, a currency still predominant in global transactions. As the BRICS seek to emancipate themselves from the financial influence of the United States, the creation of an autonomous payment system could very well redefine the rules of international trade.

Bitcoin is once again at a crossroads. After reaching local peaks in recent weeks, pressure is mounting in the market. In fact, the sudden rise in short positions on Binance, which signals significant bearish sentiment, has triggered a wave of uncertainties among investors. The stakes are high: is this wave of shorts a sign of an imminent correction or a trap set for bearish investors?

And if Apple exchanged its stock buybacks for Bitcoin? Saylor is making a big deal out of it (of apples).

Warren Buffett's recent maneuvers in the financial markets raise concern. David Einhorn, manager of Greenlight Capital, sees it as a worrying signal for the stock market, urging investors to exercise caution.

In 2023, 78% of Russian crude oil exports were directed towards two Asian giants: India and China. A radical redistribution that sharply contrasts with the situation in 2021, when these two nations absorbed only 32% of Russian energy flows. In the face of Western sanctions aimed at strangling its energy sector, Russia is reinventing its trade circuits with its BRICS partners. This strategic realignment towards the Asian axis reflects a major shift in the global energy dynamics, prompting the BRICS bloc to accelerate its efforts to detach from the Western-dominated financial system.