Bitcoin futures and options indicate growing strength at BTC’s $70,000
Dollar News
The dollar is the national currency of the United States and some other countries. Some of the most common currencies using the dollar moniker are the U.S. dollar, the Canadian dollar and the Australian dollar. Since World War II, it has been the world’s primary reserve currency. In 1971, U.S. President Richard Nixon depegged the dollar from gold, making it a fiat currency. Dollarization in other countries allows citizens to use it unofficially.
In contrast, Bitcoin, a decentralized digital currency, challenges the dollar’s hegemony. Discussions on de-dollarization arise as countries seek to diversify financial systems, reducing reliance on the dollar. This shift raises questions about the dollar’s long-term status and prompts reevaluations of global economic strategies.
The Federal Reserve System holds the authority to issue U.S. dollars, and all dollar bills issued since 1861 remain legal tender. The dynamic interplay between the dollar, Bitcoin and de-dollarization underscores the evolving landscape of global finance.
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Bitcoin has risen above $70,000, indicating that the bulls are back in the driver’s seat.
4976The crypto market is up today as institutional inflows, total open interest and the Bitcoin market cap all target new highs.
1810Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.
6772Bitcoin is showing no signs of slowing down as demand for the spot Bitcoin ETFs remains robust. Can altcoins keep pace?
10752Bitcoin bulls reassess cycle dynamics as BTC price finally cracks the key $70,000 line.
19500Bitcoin looks ready to blast above its all-time high, but traders should remember that vertical rallies are rarely sustainable.
7464Bitcoin targets new highs above $55,000. Will altcoins follow?
10419Bitcoin price struggles to find support at the $52,000 level, but the next phase of consolidation could be beneficial to altcoins.
5701Ethena Labs believes that financial instruments tied to the U.S. dollar offer a new frontier for markets outside the United States.
9348The rapid growth of crypto could threaten dollar dominance, but that’s unlikely due to the popularity of U.S. dollar stablecoins, says the Fed’s Christopher Waller.
7093The rally in the S&P 500 and strong inflows into the Bitcoin ETFs appear to be fueling BTC's price surge above $50,300.
6791Bitcoin price is range bound, and even though altcoins are rallying, the strong U.S. dollar could act as a significant barrier.
4376Bitcoin and select altcoins are showing strength at the start of the week as traders shift their focus to more than just spot BTC ETF flows.
7202A new children’s book aims to explain the concept of Bitcoin as the next evolution in the history of money.
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