He cryptocurrency market It loses strength this Wednesday, June 11 after operating on the beginning of the day. He Bitcoin (BTC) moves away from its maximums and quotes at US $ 108,300according to Binance, despite the optimistic inflation data of the US. Meanwhile, the rest of the Altcoins yield up to 5%of the hand of Tron (-4.7%), Avalanche (-4.6%) and Toncoin (-3.9%).
US and China officials made a pre -agreementwith the objective of reviving the Geneva Tariff truce by lifting the export restrictions of rare earths in China and the flexibility of US export controls on semiconductors and related technologies.
The US Secretary of Commerce, Howard Lutnick, described the issue of rare earths and magnets as “resolved” under the plan, saying that the frame adds “meat to the bones” of the previous agreements of Geneva.
The cryptocurrency markets remained below their historical maximums while the markets expected concrete details of the agreement. The proposed agreement must still be approved by the respective presidents, Donald Trump and Xi Jinping. Investors also have their attention on the US Consumer Price Index (CPI), which will be published later in the day.
A colder reading than expected could reinforce the expectations of a federal reserve rates this year, further benefiting risk assets such as bitcoin. The follow -up details about the commercial framework between the US and China are positioned to determine if the recent rebound is sustainable or fades into consolidation.
The ECB observes that cryptocurrencies can reduce the use of the euro
The European Central Bank (ECB) observes that Cryptocurrencies can reduce the international use of the euro and therefore considers that it is important to launch the digital euro.
At the moment, this has not happened and the international importance of the euro remained stable in 2024, the year that the ECB began to lower interest rates and despite the invasion of Russia to Ukraine, according to the annual report in which the entity analyzes this relevance, published on Wednesday. The euro is the second most important currency in the world, after the dollar.
The euro share in the official currency reserves remained stable in 20 % in 2024 at constant exchange rates, so it has barely changed since the beginning of the Russian war in Ukraine. However, the dollar share in foreign exchange reserves dropped 2 percentage points, to 57.8 %, at constant exchange rates.
These figures corroborate a long -term trend that began last decade that shows that the euro fee remains stablebut that of the dollar fell 11 percentage points without considering the effect effects of the exchange rate.
The appeal of the euro is signed up in healthy policies in the euro zone and strong laws based on laws, the ECB highlighted when presenting its report on the international importance of the euro.
The president of the ECB, Christine Lagarde, said in a statement that “Defending the rule of law is essential to maintain and increase global confidence in the euro.”
Source: Ambito
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