The very thing suppressing bitcoin’s price in the short term is exactly what can make it so valuable in the long term.This is an opinion editorial by Dan Ashmore, financial analyst, journalist and contributor to Bitcoin Magazine.EuropeWithin financial and macroeconomic circles, it can sometimes feel like the USA is the only country in the world. Inflation data is accepted as...
With rampant inflation and institutional unease in the air, bitcoin is prepared to gain exponentially.This is an opinion editorial by Adam Taha, an entrepreneur with two decades of government and corporate finance experience.The latest consumer price index (CPI) print came out at a shocking 9.1% (9.8% in cities), and many speculators expected...
China’s banks face insolvency risks with widespread mortgage boycotts. The U.S. dollar is strengthening and bringing bitcoin down in the process.“Fed Watch” is a macro podcast with a true and rebellious bitcoin nature. In each episode we question mainstream and Bitcoin narratives by examining current events from across the globe, with an emphasis on central banks and currencies.Listen To The Episode...
The U.S. dollar has risen to 20-year highs while the Japanese yen and the euro are acting like emerging market currencies. Are these crisis warning signs?...
June data for the United States and the eurozone show economic contraction underway and that the worst is yet to come. What does it mean for bitcoin?...
An in-depth look at various currencies and their charts as well as observations on energy commodity prices and how they’re affected by world events.Watch This Episode On YouTube or...
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...
The strengthening of the U.S. dollar and the growth deterioration across major global economies will likely cause more downside for risk assets.Revisiting The Dollar Bitcoin Relationship In more recent issues, we’ve highlighted that over the last few months, bitcoin’s price has been a function of larger macroeconomic conditions of rising yields and credit unwinding leading to increased equity market...
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...
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...
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...
Historical correlation between the U.S. dollar and bitcoin price indicates that current strengthening of the former could threaten the latter.For probably about two years now, it has been generally accepted in the cryptocurrency community that “BTC is an independent asset class,” which demonstrates that the first cryptocurrency performs well as an investment tool that hardly correlates with the economic cycle and...
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....
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...
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,...
Bitcoin investors keen to profit from Joe Biden's presidency have received another bullish update from the oval office: a $3 trillion government spending package. According to two sources in the White House, Mr. Biden is considering a plan from his top advisors to boost infrastructure, clean energy, childcare, and...
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,...
Many Bitcoin strategists and investors started 2021 with deep-rooted convictions that the US dollar would weaken. But so far into the year, their predictions have proven to be false. While Bitcoin has gained 73 percent against the dollar since the start of January, extending its uptrend further since the pandemic rout in March 2020, the greenback is trading higher against a basket of...
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....
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...
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