Tag: dollar

Jul 27 2022

Just In: US Dollar Shows Signs Of Weakness, Time For A Crypto Bull Run?

Jul 27 2022 Published at Coingape under tags  crypto dollar fomc news

Following the Fed's interest rate hike announcement on Wednesday, the dollar fell sharply by 0.72% while Bitcoin rose 4.22%. On widely expected lines, the Fed hiked interest rate by 75 basis points. The Federal Open Market Committee said gains in labor market have been robust recently. It added that the unemployment rate remained low. Reacting...

Jul 12 2022

Euro Hits 20-Year Low in Parity With the Dollar

Jul 12 2022 Published at Crypto Briefing under tags  dollar euro markets

BitMEX co-founder Arthur Hayes said that the euros slide was a sign that Bitcoin could hit $1 million in the distant future. 1 EUR = 1 USD The euro is...

May 11 2022

Lucky Number 13: What It Means For The Dollar And Bitcoin

May 11 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd. btcusdt dollar dxy

The number 13 is steeped in superstition. It isn't clear why the number has such significance, but even a prominent market timing technical indicator often gives buy or sell signals when an asset reaches a 13-count. Coincidentally, the DXY Dollar Currency Index and Bitcoin are exhibiting opposing 13-counts albeit on different timeframes. In this article, we are examining the...

Apr 27 2022

Dollar Touches Trend Line That Brings The Best Bitcoin ROI

Apr 27 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is still in a short-term downtrend. Meanwhile, the dollar has gone completely parabolic in the face of Fed monetary policy tightening and record-setting inflation numbers. The spike in the DXY has reached the 102 level and at the same time touched a trend line that has in the past kicked off some of the best returns Bitcoin has ever seen. Is...

Apr 21 2022

How Dollar Parabola Breakdown Could Boost Bitcoin Price

Apr 21 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Hate all you want; the US dollar is still the most dominant force in finance, and the global reserve currency. It is the de facto base currency in most trading pairs, even against Bitcoin. Because of this, when the dollar moves, so does the rest of the market. Find out why the dollar could be at risk of breaking down from a...

Apr 14 2022

Timing A Dollar (DXY) Trend Reversal And Its Impact On Bitcoin

Apr 14 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The DXY Dollar Currency Index is above the 100 level for the first time since the pandemic struck and lax monetary policy sent Bitcoin — and inflation rates — soaring. When or will the trend weaken, and what might continued strength or sudden reversal mean for Bitcoin and the rest of crypto? Fed Rate Hike Expectations Push DXY...

Mar 08 2022

Bitcoin Sets New Record Against Russian Ruble, Is A Currency Collapse Coming?

Mar 08 2022 Published at Bitcoinist.com under tags  bitcoin btc btcrub btctry btcusd

Bitcoin price remains stuck ranging around lows near $38,000. However, the price per coin trading against the Russian ruble has set a new record all-time high as the nation’s currency is in fiat free fall. While stronger currencies like the dollar have yet to follow, is the chart you’re about to see a prelude to...

Feb 24 2022

Gold And Oil Price Are Soaring While Crypto Bleeds Due To Russia-Ukraine War

Feb 24 2022 Published at Coingape under tags  analysis bitcoin crypto dollar gold

Russia's declaration of war against Ukraine saw crypto market capitalization slump by $200 billion in a matter of hours, while stock and currency...

Jun 17 2021

Senator Cynthia Lummis: I’m All In On Bitcoin

Jun 17 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcusdt. xbtusd

U.S. Senator Cynthia Lummis in an interview said she was all in on Bitcoin. The interview took place during the Bitcoin Conference earlier in the year in Miami. Senator Lummis is the first woman to be elected as a Wyoming senator. Keeping in line with this stride, the senator believe Bitcoin is a great way to combat...

The Bitcoinist Macro Report: Dollar Disrupts, Gold Melts Down, & Sideways Bitcoin

Jun 17 2021 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdt

This week's Fed meeting has been viewed hawkishly by the broader market, and asset prices reacted negatively to the plan to begin to raise interest rates come 2023. Bitcoin fell slightly putting a recovery in crypto on hold, while major stock market indices tumbled on the news....

Jun 03 2021

Former Presidential Candidate, Ron Paul, Wants Bitcoin To Be Legalized

Jun 03 2021 Published at Bitcoinist.com under tags  bitcoin btc dollar ron paul

Former US congressman Ron Paul says he wants to legitimize the dollar's competitors, such as bitcoin, and let the people, not the government, pick which currency to use. He said, "Freedom of choice will sort it out." Ron Paul: Legalize Bitcoin As Money To Compete With Dollar In an interview with...

Jun 01 2021

The Real Reason Behind Bitcoin’s May Price Movements? It’s Not China

Scott Melker, the host of the Wolf of All Streets podcast, sat down with Finance Magnates last week.

Mar 30 2021

The Dollar Regains Lost Ground, But Bitcoin Yet To React

Mar 30 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is once again approaching current record highs, and now that the momentum is back in favor of bulls, new all-time highs could soon be just ahead. While this is mostly nothing new for the leading cryptocurrency by market cap, the recent rally back to local resistance has happened all while the dollar has strengthened significantly. What exactly does this mean for...

Mar 25 2021

The Dollar’s Role In The Bitcoin Bloodbath Explained

Mar 25 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin is back trading at prices it began the month at, wiping out most of the current monthly candle. Ahead of a dangerous quarterly close, and amidst several bearish signals in the top cryptocurrency, the dollar is currently regaining strength and is a large factor in the recent market-wide selloff. Here's a closer look at how the dollar is impacting Bitcoin's bull run,...

Mar 10 2021

NFTs Are Here!! What’s Next For the Art World and Beyond?

NFTs have vast potential to transform how artists are paid--and to cause explosive growth in the cultural economy.

Mar 09 2021

Decision Time In The Dollar Could Impact Bitcoin Trend Dramatically

Mar 09 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is back trending upward after reclaiming $50,000 and the pivotal $1 trillion market cap level. With new all-time highs in sight, the only factor that could have a dramatic impact on the current crypto market trend, is a reversal in the dollar. This reversal has been brewing for some time, but has yet to come to fruition. It's now decision time,...

Feb 10 2021

Corporate Investments in Bitcoin, Not Inflation, Pose Real Threat to Dollar

Feb 10 2021 Published at Crypto Briefing under tags  analysis bitcoin dollar gold

According to one analyst, the U.S. government will "regulate the hell out of Bitcoin" if it starts to see the $BTC as a threat to the dollar. However, the faster companies and wealth managers adopt, the more difficult it will become for the government to intervene....

Feb 04 2021

Bullish Bitcoin Ignores The Dollar’s Dramatic Rebound

Feb 04 2021 Published at Bitcoinist.com under tags  altcoin bitcoin btc btcusd btcusdt

Bitcoin price has pulled back slightly but only after a more than 15% climb back toward previous highs. Thus far, a clean breakout has yet to arrive, but unseen by the naked eye, something important is going on in the relationship between Bitcoin and the dollar. The dollar is rebounding hard, yet the leading cryptocurrency by market cap has completely ignored the impulse....

Jan 19 2021

Yellen: Crypto Is Used for Terrorism, Money Laundering

Jan 19 2021 Published at Crypto Briefing under tags  bitcoin dollar gold janet people

Janet Yellen, Secretary of the U.S. Treasury, completed her Senate confirmation hearing today. She attacked cryptocurrency for its use in crime and advocated for an improved U.S. dollar exchange rate....

Jan 18 2021

Lyn Alden on Why the Dollar System No Longer Serves the US or the World

At the end of an 80-year global debt supercycle, who benefits from having the U.S. dollar as the world’s reserve currency?

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