Tag: usd

Jan 19 2021

Long Bitcoin, Short Dollar Trades “Most Crowded,” Says Bank of America Survey

Jan 19 2021 Published at Crypto Briefing under tags  bitcoin bofa markets usd

A survey of investment managers with over $500 million under management shows the majority are bullish on Bitcoin and stocks but expect the dollar to succumb to inflationary...

Jan 14 2021

Bitcoin Correlation With US Dollar Reaches a New Low Owing to Recent Printing Spree

Bitcoin bounced back strongly today after a record price crash of more than $10,000 on Monday. The top cryptocurrency is currently trading above $38,000 and looking to reclaim its position above $41,000. At the start of 2020 bitcoin was struggling to keep its position above $10k and had a strong co- relation with S&P 500 leading The post Bitcoin Correlation With US Dollar Reaches...

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 31 2020

This Coin Made 40% in Seven Days…Is It a Good Investment?

Bitcoin price has established a new all-time high above $29,000 for the first time ever and targeting the long-awaited $30,000 level. Bitcoin price looks unstoppable and its price is increasing like crazy. At the time of writing this, the Bitcoin price is sitting at $29,108.36. There are some altcoins that are performing exceptionally well. Every now...

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 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...

Oct 28 2020

USDJPY Update: Rising Coronavirus Cases, Lack of Stimulus, US Election

The US dollar dropped on Tuesday amid concerns of the rising coronavirus cases in Europe and the US, and uncertainties surrounding the US election. How will it move against the Japanese yen in the coming weeks? On Monday, the USDJPY gained slightly amid the US, Russia, and France seeing a second wave of coronavirus infections. New protocols have been enforced. European countries including...

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 10 2020

EOS Price Analysis: What’s Next For EOS Price?

Oct 10 2020 Published at CryptoTicker under tags  altcoin analysis crypto eos eos price

The fluctuation in EOS price continues. Despite the big news of a partnership with Google, the EOS/USD price has gained only 8.85% in the last 7 days. At the time of writing this article on October 10, 2020, the EOS/USD price is sitting at...

Oct 09 2020

Dollar Index Fractal Suggests An Incredible Altcoin Season Is On The Horizon

Bitcoin and altcoins are directly opposed to fiat currencies, typically offering a hard-capped supply while the dollar and others can be printed with no limit. That constant printing throughout 2020 has left the greenback with its back against the wall, facing off against gold, crypto, and other nation's currencies to maintain its global reserve status. And while that title is likely to be...

Oct 08 2020

The Dollar Is Building Bullish Momentum As Bitcoin’s Wanes

Oct 08 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price just pumped following news that Square made a massive purchase in BTC, however, the dollar regaining momentum as the top cryptocurrency's wanes, could soon suggest a pullback and a better buying opportunity for the major payments corporation. Here's what inversely correlated technicals are saying about the two vehemently opposed currencies. Why The Dollar's Rebound Threaten's Bitcoin's Bull Run...

Sep 23 2020

Ripple Price Analysis: XRP Price Showing No Improvements

The poor show of Ripple Price continues. The XRP price is displaying no strong growth. In fact, in the last 7 days, the Ripple price has decreased by almost 4.3%. At the time of writing this, the Ripple price is sitting at $0.232. Will the XRP price continue to...

Crypto.com Incorporates Chainlink’s Price Reference Data

In a bid to pilot the DeFi system for CRO, Crypto.com's native token, Crypto.com has incorporated Chainlink's Price Reference Data. According to reports, Crypto.com will incorporate Chainlink’s Price Reference Data into its DeFi Wallet on its mainnet. Therefore, aiding the provision of decentralized price feeds for DeFi tokens. Notably, Crypto.com plans to pioneer the decentralized price reference data feeds first for...

Sep 21 2020

Curve Finance Price Prediction: CRV DeFi Dominance Surges As Breakdown To $1 Beckons

Curve Finance total value of funds locked rise by more than 33% in the last 24 hours to $1 26 billion. CRV/USD awaits a technical breakdown to $1.0, especially if the triangle support caves in. Curve Finance (CRV) is...

Jul 22 2020

US Legislators Want USD Digital Currency

Jul 22 2020 Published at CoinCentral under tags  cryptocurrency news usd

US legislators have proposed the development of a US dollar digital currency that will rival the soon to be launched Yuan cryptocurrency. According to the lawmakers, the move would help secure the USD’s position on the global market. The general consensus is that a national digital...

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