Tag: dollar

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?

The Three Factors That Could Topple The Recent Bitcoin Rally

Jan 18 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin has held above $30,000 for nearly two full weeks, and the former all- time high of $20,000 seems like a distant memory. But there are three factors that are only growing in threat that could topple the epic bull run the cryptocurrency has been on. Bitcoin Holds Above $30,000 For Almost Two Weeks, But Strength Could Be Waning The leading cryptocurrency by market...

Amid Rising Debt, Former Primer Minister of Canada Calls for Bitcoin Reserves

"How long will the world loan trillions of dollars at zero percent to the U.S?" asked Stephen Harper, the former Prime Minister of Canada. While Harper himself doesn't hold any Bitcoin himself, he acknowledged its rising significance as an...

Jan 07 2021

Is Bitcoin Boosted by Political Turmoil in the United States?

As a dramatic evening unfolded on Capitol Hill, the price of Bitcoin hit a new all-time high. Coincidence?

Dec 22 2020

How Bitcoin Is The Solution To What One Billionaire Calls America’s Greatest Risk

Dec 22 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin has been trading over $20,000 for well over a week now, resulting in more mainstream media coverage, and a wider scope of coverage in the world of finance. It has caused investors, analysts, and billionaires of all kinds to be questioned on their thoughts about the trending cryptocurrency. Responses are a mix of wild speculation and healthy skepticism. In an interview with...

Dec 10 2020

Dec 09 2020

Bitcoin is a Warning to Government Money Printers, Morgan Stanley Exec Says

Bank’s Head of emerging markets and chief global strategist said that bitcoin has the potential to replace Dollar.

Dec 04 2020

The Many Reasons Why The Dollar Could Soon Put A Damper On Bitcoin Bullishness

Dec 04 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusdt btusd crypto

Bitcoin has just set a new all-time high, is trading just below $20,000, and is more bullish than its ever been as the digital narrative takes hold during the tail end of the pandemic. But as the top cryptocurrency is directly opposed to the dollar, it is especially sensitive to extreme movements in the global reserve currency. The flight to cash caused Black...

Dec 01 2020

Gold Undergoes $2tn Market Wipe-off against Booming Bitcoin; Coincident?

The last four months saw gold trimming its market valuation by $4 trillion. Conversely, Bitcoin added about $180 billion within the same period. Both gold and bitcoin were the benefactors of aggressive monetary easing policies launched by the Federal Reserve. The precious metal reached its record...

Nov 30 2020

US Dollar Plummets to Lowest Point in 2.5 Years: Report

The dollar's drop comes on the heels of a global market surge that took place throughout the month of November.

Nov 27 2020

Bitcoin Eyes $20K Because “Excess Dollar Liquidity” is Still in System

The Bitcoin market suffered major losses mid-week as its price fell from its $19,500-top to as low as $16,200. Some analysts believe...

Nov 19 2020

Bitcoin Bull Market to Continue in 2021 as Citi Predicts 20% Dollar Crash

Nov 19 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt citi cryptocurrency

Earlier this year, Nasdaq-listed MicroStrategy converted its $425 billion worth of cash reserves to Bitcoin. Explaining its bold call to invest in an asset that remains notoriously volatile and unregulated, the firm's CEO Michael J. Saylor...

Nov 12 2020

‘Year of the CBDC’? Central Bank Digital Currencies More Popular than Ever

Countries are exploring the launch of central bank digital currencies now more than ever. Why?

Oct 28 2020

How The Dollar (DXY) Is Responsible For Bitcoin Rejection Under $14,000

Oct 28 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcusdtc

Bitcoin has been explosive for the past few weeks now, revisiting highs from 2019. But before the leading cryptocurrency by market cap could set a higher high and confirm a bull market, the dollar's recovery might have gotten in the way. According to the DXY Dollar Currency Index, the greenback has formed a rounding bottom and broken upward out from a falling wedge...

Oct 23 2020

Bitcoin Remains The Best Protection Against A “Devalued Dollar”

Oct 23 2020 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdc

During a time when money has become more difficult to come by for many, and the fiat monetary system is on the brink of collapse, Bitcoin might be the best chance at protecting wealth. One CEO of a risk management firm that educates investors on how to protect capital, claims that the leading cryptocurrency by market cap "remains the best short-term macro correlation"...

Oct 16 2020

Google Finance Now Lists Bitcoin First Ahead Of Top Forex Currencies

Oct 16 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin is maturing, suddenly becoming a respected asset that institutions, hedge funds, and even corporations are considering. The cryptocurrency shares many similarities with gold, giving it the attributes of a commodity, yet works equally as well as a currency. Due to this, Google Finance lists Bitcoin alongside of a batch of top forex currency trading pairs. However, at some point, Bitcoin quietly moved...

Oct 14 2020

3 Biggest Bitcoin Takeaways from JPMorgan’s Q3 Earnings

JPMorgan is not a Bitcoin indicator. But the American banking giant's third- quarter earnings report is full of anecdotes that may influence the cryptocurrency's future outlook – in one way or another. Background The JPMorgan earnings showed an increase in profits by about 4 percent from a year ago. The WSJ...

Oct 12 2020

Analyst Sees Bitcoin at $12K after Price Rises Five Days in a Row

Bitcoin should surge to $12,000 by the end of this week, according to Josh Rager of Blockroots.com. The analyst raised his price target for the cryptocurrency after it logged a five-day winning streak ending Sunday. In that period, BTC/USD surged by more than 7.5 percent, hitting a weekly high at $11,498 as traders hoped for...

Bitcoin Weekly Outlook: Expect Downside Correction as Stimulus Enters Deadlock

A significant price rebound in the Bitcoin market last week is now at the risk of paring in the current one. The benchmark cryptocurrency has opened Monday in positive territory. As of 0516 UTC, it was trading for $11,405, up 16.27 percent from its recent bottom and down 8.62 percent from its year-to-date high....

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