The struggles associated with turning Bitcoin into El Salvador’s legal tender has not been easy. There’s a general state of uncertainty in the nation with street protests, arrests of critics by police with no charge, and reprimands from international bodies. These difficult issues have thwarted the setting within the last 90 days from the time President Nayib Bukele laid down a path for...
As the USD’s reserve currency status crumbled, the U.S. will abandon globalization and adopt a bitcoin standard.In the Bitcoin community, we often hear the U.S. dollar called an “exorbitant privilege.” Namely, that the U.S. benefits disproportionately from the dollar’s reserve currency status. This article will detail why the current financial system...
The price change of Binance Coin (BNB) is trailing the slip as observable in the broader digital currency ecosystem. Binance Coin is currently exchanging hands at $487.83, down 0.37% in the past 24 hours after paring off the gains accrued in the past days. The digital currency has largely resisted a massive dump from the The post BNB Witnessing Balance of Power as...
Unlike the majority of altcoins with huge growth trends in the past days, the price gains in Ethereum (ETH) is currently flattened, despite unique fundamentals inherent in the world’s most used blockchain network. At the time of writing, the digital currency is up 0.74% and is changing hands at $3,277.17 according to CoinMarketCap. For the The post Ethereum Gains Flattens Despite Continuous Bullish...
As the U.S. sees wealth disparity increase due to the dollar's status as a world reserve currency, Bitcoin offers an alternative.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...
Leading cryptocurrency wallet and platform, Crypto.com, has announced a partnership with Circle to enable U.S. Dollar transactions across the globe. The announcement added that the two firms have now introduced USD deposits and withdrawals to more than 30 countries around the world. Crypto.com, which recently detailed...
The fiat-based service will be available in more than 30 countries.
In criticisms of Federal Reserve actions, legendary investor Stanley Druckenmiller highlighted the case for bitcoin to replace the dollar.In an interview this morning on CNBC’s “Squawk Box,” legendary investor Stanley Druckenmiller gave his view on the dollar’s stance as the world reserve currency and the...
JP Morgan and European Investment bank have shown interest in adding ETH-based products for their clients quite similar to the growing institutional adoption of Bitcoin. The European Investment bank is planning to offer...
Has the Bitcoin market topped out as traders constantly fail to achieve a breakout move above $60,000? Apparently, no....
The short dollar trade has run its course, says Goldman Sachs. Goldman Sachs Closes Short Dollar Call Goldman Sachs is pulling out of its short dollar trade, Bloomberg...
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 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,...
Performance Of Various Asset Types Over Time Not all assets are created equal. Some appreciate in value, some lose value over time. This is obvious with things we consume, like the groceries we eat or the clothes we wear. But the same is true of assets that don’t visibly deplete but nevertheless lose value over time through wear and tear, like a car...
WazirX (WRX) trading has been progressive but in a lock-step manner. Since the beginning of January, WRX has increased in value within an ascending parallel channel's confines. The...
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....
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