Trading below the important 1.3300 barrier, the GBP/USD currency pair has shown considerable swings over the week. Notwithstanding the difficulties the pair suffered due to economic data releases and geopolitical concerns, as of Friday, April 18, 2025, the pair is looking prepared to complete the week with meager gains. Although the exchange rate has battled to get above the 1.3300 level, it is keeping its ground and may close higher for the week. Geopolitical Tensions Impact Rising geopolitical concerns worldwide have been one of the main causes of the swings in GBP/USD this week. The Middle East’s continuous conflict has…
Author: Maman Waheed
U.S. Bitcoin miners challenges As the Trump government’s broad tariffs and suggested levies compromise the industry’s future, American Bitcoin Miners are facing hitherto unheard-of difficulties. The sector has been rocked by the imposition of a 36% tariff on Chinese-made mining equipment and a 30% tax on electricity consumed in mining activities, therefore casting questions on the feasibility of home mining projects. U.S. Mining Disruptions Long depending on Chinese manufacturers, especially Bitmain, for specialized mining hardware known as ASICs (application-specific integrated circuits), the U.S. Bitcoin mining sector has But current trade policies have upset this supply network. Increased inspections of shipments…
The larger digital asset market is clearly declining even when Federal Reserve Chair. Jerome Powell makes shockingly positive comments on the future of cryptocurrencies. This paradox positive attitude from a major financial authority combined with declinin Crypto Prices. The begs a crucial question. Why is the crypto market down today even as Powell’s posture becoming more favorable. Cryptocurrency Gains Legitimacy Powell has admitted in recent weeks the increasing relevance of cryptocurrencies in the worldwide financial system. Speaking favorably on the long-term possibilities of digital assets. He said they may improve financial innovation, inclusivity. Maybe provide payment efficiencies. Although he restated…
With a notable decline in income, Bitcoin miners are under additional financial strain. As a result, many are selling more of their Bitcoin holdings to keep operations running. On-chain analytics tool CryptoQuant claims that Bitcoin’s most recent halving event was in April 2024. This 50% reduction in miner incentives resulted in a surge in selling activity. This drop, coupled with a decrease in Bitcoin network activity, has created a favorable environment for miners striving to maintain profitability. Bitcoin Halving Impact The reward for mining a new block halves approximately every four years, a phenomenon known as bitcoin halving. In April…