Alex Thorn, an executive at crypto investment firm Galaxy, said it is monitoring onchain activity for signs of an oil tanker fee paid in BTC.
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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- News
A Bank of France official called for tighter MiCA rules on non-euro stablecoins as lawmakers advance reporting requirements for self-custodial crypto wallets above 5,000 euros.
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Buyers are attempting to push Bitcoin above the $70,000 level, but some analysts believe the upside may be limited and a drop below the $60,000 support is likely.
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Demand for either currency strengthens both in a reinforcing relationship, contrary to popular belief, Sam Lyman told Cointelegraph.
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CryptoQuant data shows there are 8.2 million Bitcoin currently at a loss, which is still under the amount of Bitcoin at a loss during the 2022 bear market.
2863 - Market Update
Bitcoin fell on fresh US-Iran cues, while analysis warned that a resurgent US dollar could spark new lows across crypto and risk assets.
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Bitcoin and altcoins sold off as the Monday US market open reflected traders’ fear over oil prices, US employment data and the future of the US and Israel-Iran war.
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The long-anticipated audit could address years of scrutiny over Tether’s reserve disclosures, though the company has not named the accounting firm.
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US dollar-denominated stablecoins may expose emerging economies to external macro shocks and financial stability risks, according to the Financial Stability Board.
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Bitcoin opened the week by rallying straight into a key resistance level. If it holds, BTC and altcoins could embark on the next leg of the crypto bull market.
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The investor said stablecoins are faster, cheaper and more efficient than fiat payments running on traditional banking infrastructure.
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Buyers were undeterred by surging oil prices, pushing Bitcoin near $69,500 and large-cap altcoins close to their overhead resistance levels.
3483 - Market Analysis
US Dollar Index strength, fear that BTC miners may liquidate their reserves and Bitcoin’s performance compared to stocks raise concerns among investors.
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Bitcoin’s return to the $70,000 level proves that buyers are absorbing the bulk of selling, but analysts warn that traders should be patient due to market bottoms taking months to form.
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Bitcoin and altcoins sold-off as US stock markets digested US President Donald Trump’s fresh 15% global tariff. Are new 2026 lows in store?
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