Tag: us dollar

Jul 17 2021

Bond King, Gundlach thinks dollar is ‘doomed’ and BTC looks ‘scary’

Jeff Gundlach, the Billionaire investor, DoubleLine Capital CEO, also known as the "Bond King" has commented against the price of the dollar in the foreseeable future. Additionally, he said that Bitcoin prices may also reduce considerably. Dollar is Doomed Jeff Gundlach shared that the state of inflation in the US is bad, and especially post-pandemic The post Bond King, Gundlach thinks dollar is...

Jun 06 2021

Day TWO: Key Quotes And Ideas From Of The Bitcoin 2021 Conference In Miami

The Bitcoin 2021 conference is over. The lessons remain. This time, they turned off the livestream’s chat. An elegant solution. A wasted opportunity, the virtual community couldn’t gather around the fire. But hey… much better than watching robots pushing low-quality projects non-stop. And it was easier to focus on the presenter’s words. Still, it felt like something was amiss....

Apr 09 2021

A Bitcoin Correction Towards $55,000 Likely At The End of Week

Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond...

Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch

If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks. At the core of the bullish theory is the US dollar. True, the global store of value has attempted impressively to emerge out of its 2020 bearish trend, the one that...

Apr 08 2021

Boom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls

Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, US carmaker Tesla...

Apr 01 2021

Bitcoin Price Doubles in Institutionally-Driven First Quarter; What’s in Q2?

Bitcoin went into an upside mania in the first quarter of the year. The flagship cryptocurrency surged by roughly 102 percent as investors showed no fears of risk-taking. On the contrary, they embraced it as interest rates on government bonds rose but remained near their historically low levels. New rounds of government stimulus packages further pushed investors to risky corners of the market,...

Mar 08 2021

US Dollar’s Boom in 2021 Puts Bitcoin Price Rally At Risk of Faltering

Mar 08 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency dxy

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...

Feb 23 2021

Paxos’s Chad Cascarilla: How Blockchain Tech Could Prevent Another GameStop/Robinhood

Feb 23 2021 Published at Unchained Podcast under tags  2021 banks bitcoin blockchain cbdc

In this episode of Unchained, Chad Cascarilla, CEO and cofounder of Paxos, explains how the 2008 financial crisis led him to crypto, what financial plumbing has to do with GameStop, and how Paxos is leveraging blockchain technology to change financial services. In this episode Chad discusses: his work experience prior to Paxos and...

Feb 17 2021

A Look at the US Dollar as Bitcoin Wobbles Around $50,000

Halfway through the first quarter of 2021, the US dollar has performed fairly better against the booming risk-on sentiment that has witnessed the S&P 500, the Dow Jones, the Nasdaq Composite, and even Bitcoin achieve their respective record highs. The greenback showed resilience against bears in the...

Feb 02 2021

Bullish Bitcoin Fundamentals Point to Renewed Price Rally Ahead

Feb 02 2021 Published at CoinDesk under tags  bitcoin markets news us dollar

Analysts cautioned that a stronger dollar could play spoilsport to any new push higher.

Feb 01 2021

Bitcoin Weekly Outlook: Market Looks to Capitalize Wall Street Chaos

Feb 01 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt us dollar

Bitcoin prices finished the last week slightly higher despite a rebound in the US dollar. The flagship cryptocurrency ended 2.63 percent higher on the Coinbase exchange for the week. Meanwhile, the new weekly session began on a positive outlook. Bitcoin was up 1.47 percent, trading slightly above its short-term support level of the 20-day exponential moving average of $33,461. With no big events...

Jan 22 2021

Is Tether a Fraud? Its Bank Says It’s Not

Gregory Pepin, deputy CEO of Deltec Bank and Trust, responds to allegations in a blog post by the pseudonymous Crypto Anonymous, that Tether is a "highly probably fraud." In this episode, he covers: how Deltec accounts for its reserves, and why they didn't show up on Crypto Anonymous's blog post...

Jan 14 2021

President Elect Biden to Propose New $1.5 Trillion Stimulus Plan, Will Bitcoin See Another Mammoth Rally?

Jan 14 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

The incoming US President Joe Biden is all set to take oath on January 20 and many believe his first task in the office would be to work on a new stimulus deal that could be worth $1.5 trillion. A recent report by Reuters suggests that Congress was due to hear the new deal today, The post President Elect Biden to Propose New...

Jan 12 2021

3 Reasons Why Bitcoin Price Crashed by More Than $11,000

Bitcoin suffered a major price crash during the weekend and on Monday after securing a milestone high of $41,986. The flagship cryptocurrency shed more than $11,000, or roughly 29 percent, in just three days of trading to hit a session low just shy of $30,000. Its plunge...

Jan 11 2021

Bitcoin’s Big Drop Again Coincides With Dollar Bounce in Forex Markets

Jan 11 2021 Published at CoinDesk under tags  bitcoin markets news us dollar

Bitcoin's crash Monday came alongside a bounce in the Dollar Index.

Dec 21 2020

Bitcoin Price is Ready to Explode in 2021

Dec 21 2020 Published at CoinStats Blog under tags  bitcoin fed inflation tenet us dollar

If you wonder whether or not you should Bitcoin as it trades near its record high levels, the general narrative has only one answer: go ahead and don't look back. The post Bitcoin Price is Ready to Explode in 2021 appeared first on CoinStats Blog.

Billionaire Sam Zell Skeptic of Bitcoin, Predicts US Dollar to be Replaced as World Reserve Currency

Dec 21 2020 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

Sam Zell, the American billionaire businessman and philanthropist recently in an...

US Congress Agrees To a $900B COVID-19 Stimulus Deal, What’s Next For Bitcoin?

Dec 21 2020 Published at Coingape under tags  bitcoin btc btcbrl btcbusd btceur

After months of negotiation impasse, the United States (US ) Congress has agreed to a US$900 Billion COVID-19 stimulus deal for the benefits of Americans. According to a report...

Dec 14 2020

“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

Dec 14 2020 Published at Coingape under tags  btcbrl btcbusd btceur btcjpy btcngn

China's growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China's national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance The post "We Don't Have Ambitions to Replace...

Dec 05 2020

Editorial: Is “Digital Yuan” China’s Weapon to Rule Global Markets?

Dec 05 2020 Published at Coingape under tags  altcoin altcoin news bitcoin bitcoin news blog

The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the...

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