Bitcoin Hits A New All Time High Against The Euro
The same day that a Bitcoin futures ETF gets publicly listed on the NYSE in the U.S., bitcoin hits a new all-time high against the euro.At the time of writing, Bitcoin has hit a new all-time high (ATH) against the Euro ($EUR) at €54,603.15. At the same time, BTC only needs a 2% move up to break a new ATH against the U.S. dollar. Image Source Bitcoin typically tends to perform very well in Q4, and so far this year it has been sticking to that trend. On October 1, the price of BTC was around €41,000. Since then, it has done nothing but rocket upwards with more highs expected to be seen in....
Related News
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the US Dollar, Greenback Skyrockets Against a Basket of Fiat Currencies Even though it was a goal for the European Union (EU) to introduce a sovereign fiat currency for the EU back in the sixties, the euro did not get introduced until January 1, 1999. At first, the euro was introduced....
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled.
ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5%
Annual inflation in the area of the common European currency, the euro, has increased for a sixth consecutive month to a record high of 5% in December, according to preliminary estimates from Eurostat quoted by Trading....
According to data from Bitstamp, the USD price of 1 BTC has eclipsed its previous all-time high of $19,666 set on December 13, 2017. The post Bitcoin Price Hits All-Time High appeared first on Bitcoin Magazine.
The price of bitcoin surpassed its all-time high touching $20,800 on Wednesday morning (EST). At the time of publication, the crypto asset is up over 6% during the last 24 hours with a whopping $380 billion market capitalization. Bitcoin has touched a two-week high reaching $20,800 per coin on Wednesday, December 16, 2020. The price has crushed the previous all-time high (ATH) captured on December 1, 2020, at $19,920. After reaching the ATH on Wednesday, nearly 100% of all BTC in circulation is in a state of profit. There is currently 18.5 million BTC in circulation which gives the crypto....
All of this financial turmoil will eventually drive people to alternative financial solutions. Every since the Brexit voting took place, expert shave been wondering what will happen to the Euro. A separation between the UK and EU is good for neither national currency by any means. But whereas the Pound Sterling dropped in value, the Euro has been rather bullish. That is not enough to convince one expert, though, as he feels the Euro will disappear in five years. It is not the first time financial experts question the validity of the Euro. Ever since its creation, there has been a large....