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Why Bitcoin May Not Reach $100,000: A Sober Perspective from the Founder of Open Oil Market
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Bitcoin's high volatility creates fertile ground for manipulation. Major players, known as "whales," can impact the market, triggering sharp price fluctuations. This raises concerns that the excitement surrounding a potential increase in Bitcoin ... ... for novice investors who were only anticipating growth, thus hindering sustainable upward movement.
3. Economic Uncertainties and Investor Preferences
The global economy today is facing a high level of uncertainty: inflation, currency fluctuations, and rising interest rates—all of which favor safe-haven assets like gold and government bonds....
Experts assessed the impact of the increase in fuel excise taxes on gas station prices.
... January 1, 2025, Russia plans to increase excise taxes on gasoline and diesel fuel by 4.7%, which corresponds to the forecasted inflation rate. The excise tax rate for gasoline of ecological class 5 will be 15,755 rubles per ton, while for diesel fuel, it ... ... 20% of fuel costs, so the 4% increase will lead to a price rise of about 1% at gas stations. Sergey Tereshkin, CEO of the fuel and raw materials marketplace OPEN OIL MARKET, emphasizes that excise taxes are a significant source of income for regional budgets, and their indexation is aimed at ...
Friday, November 22, 2024 Key Economic Events
... analysis!
Key Economic Events for Friday, November 22, 2024
Central Bank Decisions
Bank of Japan (05:00 GMT):
The Bank of Japan is scheduled to announce its interest rate decision. Any adjustments could influence the yen and set the tone for Asian markets.
Reserve Bank of India (09:30 GMT):
The release of the latest meeting minutes will provide insights into the central bank's stance on inflation and economic growth.
Economic Data Releases
Purchasing Managers' Index (PMI) Data:
Germany (11:30 GMT): The Manufacturing PMI will offer a glimpse into the health of Europe's largest economy. A strong reading may indicate industrial recovery.
Eurozone ...
An expert outlined the consequences of the recovery of the car market in Russia.
Tereshkin: The Recovery of the Russian Auto Market Pressures Fuel Prices
The article discusses the opinion of Sergey Tereshkin,... ... market is driving fuel price increases. According to him, rising demand for automobiles and seasonal factors contribute to higher prices for gasoline and diesel fuel. Tereshkin... ... liter, while diesel fuel prices rose by 0.19% to 65.84 rubles per liter. Overall weekly inflation in the country from June 25 to July 1 amounted to 0.66%. The last time such...
IPO in Russia at 21% rate: what to expect in the near future?
... restrain activity in the stock market and reduce the opportunities for raising capital. However, there are several scenarios that may develop depending on the further dynamics of the economic situation:
Rate reduction in case of economic stabilization. If inflation begins to slow down and the economic situation stabilizes, the Central Bank may begin to lower the rate. This may give impetus to the IPO market and increase liquidity in the stock market.
Activation of companies when rates are lowered. In the event of a rate reduction, companies that have postponed their IPO may quickly become active in order to take advantage of the improved conditions....