JPMorgan issued a statement on January 25, indicating that Bitcoin’s price pressure may ease soon. Analysts attribute this positive shift to investors’ reduced exodus from Grayscale’s Bitcoin ETF. Initially a fund, Grayscale’s ETF gained SEC approval to become an exchange-traded fund (ETF) on January 10. However, it experienced significant investor withdrawals, totaling over $4 billion […]
Related Posts
Surge in Tourism Reflects Peru’s Post-Pandemic Recovery
Between January and April, Peru welcomed 1,016,618 international tourists, a 53.4% increase from the same period in 2023. This surge indicates significant progress toward pre-pandemic tourism levels. Elizabeth Galdo, head of the Ministry of Foreign Trade and Tourism (Mincetur), targets 4.4 million international visitors for the year. Chile leads as the top source of tourists, […]
Vietnam’s Economy Surges: Third Quarter GDP Growth Hits 7.4%, Highest in Two Years
Vietnam’s economy has shown remarkable resilience, with its Gross Domestic Product (GDP) growing by 7.4% in the third quarter. This impressive growth rate marks the highest quarterly increase in two years. The General Statistics Office of Vietnam released these encouraging figures recently. The country’s exports led the economic surge, rising by 15.8% compared to the […]
Brazil Enhances Its Oil Market Role with OPEC+ Membership
As confirmed by an insider, Brazil’s upcoming OPEC+ membership in January 2024 signals a significant shift in global oil politics. This move coincides with OPEC+’s plan to reduce oil supply by at least one million barrels per day next year. OPEC’s current members include key oil-producing nations, and its expansion to OPEC+ in 2016 brought […]