Bitcoin is recovering again, giving hope to the cryptocurrency market.

Cryptocurrencies suffered during the previous period from the decisions of the Federal Reserve
that directly affected the course of events in the labor markets, especially the cryptocurrency market,
which began to regain its strength during the past weeks. 1%,
which coincided with an increase of the Standard & Poor’s 500 indexes by five percentage points

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Europe is trying to control the energy crisis by winter

the details

The current inflationary environment continues to pose significant challenges for risk assets
including cryptocurrencies while Bitcoin maintains support levels at $18,000 as stated by John Tord,
head of trading at digital asset exchange Independent Reserve.

This came in response to the course of events in the market,
where new signs of brightening the bitcoin appeared last Thursday,
closing it at $19,300, after witnessing declines that reached 18,200 in that jump that it achieved.
Only will we witness actual progress during the coming period in the cryptocurrency market.

According to data collected by Bloomberg,
Bitcoin gains amounted to about 19% after declines during the session in which Bitcoin spent about 5%
to end with gains that may exceed 1%,
making great progress that caught the attention of strategists
and analysts in the financial markets. Since the currency has not advanced since mid-June in this way,
the risk of further decline is not far away,
as the total weight of the evidence is controlling the matter.

artıcle name Bitcoin is recovering again giving hope to the cryptocurrency market.

Europe is trying to control the energy crisis by winter

Europe’s stock of oil during this winter is the source of life, especially after the crisis,
it is going through due to the severing of relations between it and Russia,
the first supporter of Europe in gas and energy.

Europe’s gas storages, which are located in Italy and the Netherlands,
represent only ten percent of the stock, while private companies,
according to data conducted by Bloomberg, own the rest of the stock,
which will push Europe to take decisions that will mitigate the effects of that crisis.

It is known that investor is always looking for higher profit margin, which drives companies,
energy utilities, and industrial groups to search for the best opportunity to sell at the highest price,
and this will pose a great danger to the citizens in Europe to face a very cold winter,
as many things will depend on the harshness of the current winter in the system,
its aspects have not been tested The process has already been done before,
according to Graham Friedman, an analyst at Wood Mackenzie.

It depends on the passing of the current winter. If this season is cold,
this may affect the stock directly and cause it to decline by more than ten percent.
This is what Friedman has stated.
The matter may intensify the crisis and create conflicts over the supply of energy before the season next winter.

The government sought to collect the largest stocks of gas
during the previous period due to fears of an escalation of the matter.
The reserve bakeries for gas were filled to a large extent,
which exceeded the average of the past five years, to avoid the danger of supplies,
while governments should seek to declare a state of emergency in light of this situation,
says the network agency.

artıcle name Bitcoin is recovering again giving hope to the cryptocurrency market.

The German federal government

like other national authorities,
will have the power to issue an order on whether the gas should continue to be stored or be removed.
The crackdown may leave neighbors alone in the face of blackouts, as Alon Davies,
senior director for European energy and gas at Standard & Board Global,
said keeping stored natural gas may be part of a larger asset-backed strategy for private traders,
adding that gas speculators are offering
They provide liquidity instead of the lack of resources in the fuel depots in preparation for facing this crisis.

The region has been dramatically affected by disputes with Russia,
which was heavily dependent on it for its gas supply.
According to last year, the proportion of Russian gas supplies to
Europe accounted for about 40% of its annual requests.
It is worth noting that Europe owns only 25% of its annual gas needs.
Which will unleash fuel prices and make them rise dramatically in the coming days.
Indeed, prices have started to rise where demand is more severe,
and with the flows shifting to higher-priced markets,
prices in countries where gas reserves are withdrawn
should increase in response. According to Nick Van Catherine,
a major speculator at Dutch energy company Bzym

This may increase the possibility of gas flowing from one market to another,
as temperatures drop in larger markets such as Germany and Poland,
and supplies could be sucked from Italy, Austria, or the Netherlands,
those countries that make up the largest population in Europe,
where Poland is represented by a population of 38 It is the fifth in Europe in terms of population
and is going through a major energy crisis and the situation is unstable.
Slovakia, with a population of 5.5 million, also suffers from weak strategic gas reserves.
And all this will push prices to rise significantly in the coming period.

artıcle name Bitcoin is recovering again giving hope to the cryptocurrency market.

It is also worth noting

that there are countries that cover their fuel needs completely,
such as Austria, which acts as an energy supplier in the winter,
as it provides about two-thirds of its stock to many countries such as Germany,
which relied on it for energy supply for years,
as Austria is the mainstay of supplies to Germany with fuel that supplies German factories and heat Homes also,
although Germany has the largest strategic stockpile in Europe,
as an economic pillar of Europe and the manufacturing monster in the region,
it is one of the largest energy drainers in the region.
The company has also purchased approximately 60 terawatt-hours of gas,
which is equivalent to about 25% of the German storage capacity.

The Czech Republic and Hungary also have storage capacity
that exceeds the size of their domestic needs for annual use.
A spokesman for the German Federal Network Agency,
which will oversee the distribution of regulated quotas in emergencies,
said that without the European gas market and the support of our neighbors,
we can avoid a shortage of gas in Germany,
as it is one of the most important officials Industry in the region
and one of the fiercest fighters against inflation in the country.

artıcle name Bitcoin is recovering again giving hope to the cryptocurrency market.

Bitcoin is recovering again giving hope to the cryptocurrency market.

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