Price Analysis
Bitcoin bulls press BTC price closer to a key resistance level as crypto markets rebound and investor sentiment improves.
2055
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.
- News
Gold has been accepted as money for thousands of years and does not suffer from geopolitical or inflationary risks, unlike fiat currency.
14859 - News
Tether CEO Paolo Ardoino reportedly said a full audit is a “top priority” as the firm looks to enlist a Big Four accounting firm for the task following recent criticism.
6838 - Recap
With the launch of a state-backed stablecoin, Kyrgyzstan continues to make its mark among other Central Asian countries and asserts itself as a player in global digital finance.
6713 - News
Available to pre-approved customers, Xapo Bank’s Bitcoin USD loans target long-term hodlers who can now access loans of up to $1 million.
3997 - Market Analysis
Declines in the US Dollar Index are usually followed by strong Bitcoin price rallies, but this time BTC continues to fall.
11745 - Price Analysis
Bitcoin bulls appear ready to make a run at the 200-day SMA, which could pull BTC price toward $92,000 and reinvigorate altcoins.
4804 - Market Analysis
Analysts say Bitcoin’s inflation-hedging ability is uncertain in developed economies but more effective in emerging markets.
4597 - Market Analysis
A US-led tariff war, preexisting economic sanctions, and global Bitcoin and stablecoin adoption could play a role in some countries’ attempts to dedollarize.
3588 - News
Pump.fun memecoins are failing and they’re dragging Bitcoin along for the ride.
4098 - Price Analysis
Bitcoin’s bounce off $76,606 is facing selling near $85,000, but there are early signs that the selling pressure could be reducing, and a bottom may be nearby.
4943 - News
After rolling out US dollar payment support for institutional customers in the UK and Switzerland, Gemini plans to scale the feature across the EU and the EEA in coming weeks.
5958 - Market Analysis
Bitcoin's correction may be over, supported by derivatives markets, a weak dollar and contagion from the US budget crisis.
10696 - Altcoin Watch
ADA price is down today, and a handful of onchain and technical factors suggest that the downside is not over for the altcoin.
1161 - Altcoin Watch
XRP price is down 7.50% today, and bulls need to hold the important support level at $2.00 to avoid a deeper correction toward $1.11.
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