Price Analysis
Bitcoin price pushed above a long-term descending trendline but will potential selling near 200-MA cap the upside in BTC and altcoins?
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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.
- Price Analysis
Bitcoin made a strong comeback this week, and technical charts show bullish potential from HYPE, ONDO, RNDR, and KAS.
4413 - Market Analysis
Rising systemic risks and distrust in the Federal Reserve could push investors toward Bitcoin as a safe haven.
5338 - Market Update
Developing bull market signals could continue to boost Bitcoin prices despite the tense atmosphere of the US trade war.
4878 - News
Cork Protocol co-founder Rob Schmitt said the stablecoin’s design shares similarities with Terra’s UST but has a “more manageable” debt governance system.
5587 - News
A falling US Dollar Index historically correlates with Bitcoin strength, says Bitwise investment chief Matt Hougan.
16357 - Market Analysis
Bitcoin rallied 500% to 1,367% when the US Dollar Index dropped to 100. Will history repeat itself?
8009 - News
Cash is a “cornerstone of the European financial system” and its only sovereign means of payment, but it cannot be used online, the European Central Bank’s Piero Cipollone said.
3283 - News
A weaker yuan could mean a lot of Chinese capital flow into Bitcoin, according to Bybit’s Ben Zhou.
8524 - Altcoin Watch
XRP price is down across almost every timeframe, and data suggests that a rebound is unlikely in the short-term.
1246 - Price Analysis
Bitcoin made a sharp comeback from $74,500, but rallying to higher levels could be challenging in the near term.
3350 - News
Lawmakers, developers, and investors increasingly see stablecoins as a way to protect the US dollar's global reserve currency status.
20539 - Altcoin Watch
XRP's daily settlement volume in US dollars has risen substantially after Trump's reelection but remains far below Bitcoin and Ethereum despite its price rally.
7636 - Market Analysis
Bitcoin price fails to find upward momentum, but multiple data points prove BTC currently trades at a discount.
5225 - Price Analysis
Bitcoin bulls showed up to defend the $80,000 support, but will it hold after the April 2 “Liberation Day” tariffs are announced by US President Donald Trump?
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