An increase of the indicator value may contribute to the rise in quotes of JPY.
An increase of the indicator value may contribute to the rise in quotes of JPY.
Global financial institutions are increasingly shifting from the outdated SWIFT system in favor of modern payment technologies, seeking faster and cheaper cross-border transactions. Leading this transformation is XRP Ledger (XRPL).
Analysts at Scotiabank and RBC expect the Canadian regulator to keep its key rate at 2.75% till the end of 2025. According to experts, this decision would maintain a "neutral stance" on monetary policy, neither stimulating nor restricting economic growth.
According to Reuters, the results of upper house elections in Japan complicate the decision-making process at the country's central bank. As analysts quoted by the agency pointed out, political uncertainty and worries over the country's growing national debt could weaken the yen.
According to data from the Glassnode analytics platform, 99.6% of circulating XRP coins are currently sitting in profit, meaning the vast majority of holders are unwilling to sell at a loss. This exceptionally high profitability rate follows the cryptocurrency's sharp price surge.
Cryptopolitan reports a significant shift in the cryptocurrency market as institutional investors increasingly favor Ethereum and Solana over Bitcoin. This trend stems from new investment products that facilitate institutional cryptocurrency purchases.
Uncertainty around US President Donald Trump’s trade policies is holding back Canadian companies from investing in their businesses and consumers from spending. However, firms’ officials surveyed by Bloomberg believe the country’s economy will avoid a recession.
Last weekend’s elections in Japan have raised the likelihood of increased government spending and a wider budget deficit. Still, as Reuters reports, bond yields have so far remained stable, supported by foreign investments and an expanding economy.
The UK may regain some of its former prominence as a European manufacturing hub if Donald Trump implements proposed 30% tariffs. Alex Altmann of Lubbock Fine suggests the UK's available production capacity could attract EU-based companies looking to avoid steep US tariffs.
Solana’s price has surged past $185, hitting its highest since late May. Over the past few weeks, the cryptocurrency has soared 86% from its yearly low. The rally gained momentum after breaking through a key resistance level, drawing in new investors.
According to CoinGecko, the global cryptocurrency market capitalization surged past $4 trillion on Friday, marking a significant milestone in the asset class's evolution from niche to mainstream in the financial ecosystem.